Limit theorem in the context of the current problem

Assignment Help Finance Basics

Reference no: EM132460725

1. It is known that the population of students who take THIS CLASS have a final grade that is normally distributed with µx = 81 and δx^2 = 25

a. For one observation (student) from this population, find (X<80)

Now suppose that a random sample of students is selected from this population. Note that the next two questions are X#about, not about X itself.

b. In a random sample of size n = 64, find Pr(X#<80)

c. In a random sample of size n = 36, find Pr(78<X#<84)

d. Explain the central limit theorem in the context of the current problem, and indicate whether it was needed to find these probabilities in a, b, and c (might differ for each of a, b, and c).

Reference no: EM132460725

Questions Cloud

Open market purchases of government bonds : Suppose the Fed executes a open market purchases of government bonds in the amount of $85 billion

How devaluation affect businesses and consumers : How will a dollar devaluation affect businesses and consumers in the twin cities of El Paso, the United States, and Juarez, Mexico?

How much information should be provided by manufacturers : How truthful advertisements should be? The government? Manufacturers? Consumer groups? The free market? Explain your views.

Determining the utility-maximizing choice : Kevin spends his money on jeans and sweaters. Each sweater cost $50. At his utility-maximizing choice, his marginal utility from last sweater is 100 units

Limit theorem in the context of the current problem : Explain the central limit theorem in the context of the current problem, and indicate whether it was needed to find these probabilities in a, b, and c

NIT2113 Cloud Application Development Assignment : NIT2113 Cloud Application Development Assignment Help and Solution - Victoria University, Australia. Sales Force Assignment Project - Nail & Beauty Supply

What are the first step in preparing a proposal is : Carol approaches a co-worker, shaking her head as she does so. With a frown on her face, she angrily asks, "Did you finish the report yet?"

How to handle objections of potential customers : How to handle objections of potential customers?How could a salesperson overcome that objection or answer the query or concern effectively for the consumer?

Create messaging and materials and pricing for product : Create "Messaging & Materials" and "Pricing" for the product,roprietary mini solar panels on the temples perform constant recharging, allowing you

User Account

All Pages