Question regarding the central limit theorem

Assignment Help Business Economics
Reference no: EM13858090

Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:

a. In a random sample of size n = 20, find Pr(Y<101).

b. In a random sample of size n = 100, find Pr (Y < 101). Compare the answer from parts a) and b) and comment on your findings.

Reference no: EM13858090

Questions Cloud

Why does shell find out about the views of interest groups : Why does shell find out about the views of interest groups and pressure groups? How can this information help shell to make better decisions?
Describe the initial cause of the adverse event : Describe the initial cause of the ‘adverse event', what actually happened, what the aftermath was, and your chosen positive outcome that came from it.(oil spills disaster 1967).
Prepare a budgeted income statement for 2014 : Prepare a budgeted income statement for 2014 and Interest expense is expected to be $3,500 for the year. Income taxes are expected to be 40% of income before income taxes.
Write a program that prompts the user to enter an integer : Write a program that prompts the user to enter an integer. If the number is a multiple of 3, print "Multiple of 3."Otherwise, print "Not Multiple of 3." Here are the sample runs:
Question regarding the central limit theorem : Problem 1: In a population µy = 100 and σ2y = 43. Use the central limit theorem to answer the following question:
Prepare the intangible assets section of montana matt : Prepare the intangible assets section of Montana Matt's Golf Inc. at December 31, 2013. How much amortization expense is included in Montana Matt's income for the year ended December 31, 2013? Show all supporting computations.
Us coffee market- size of the total retail market : U.S. Coffee Market- Make and justify the following forecasts, a. the size of the total retail market in 1983 and 1988, b. the split of the market by major segments (decaf versus caf., etc.)
Economy with the production function : Consider an economy with the production function Y  = L(1 / 3) a) Derive the Labor demand Curve
Define the ladder of abstraction : Define the ladder of abstraction. Use the ladder of abstraction to explain how you perceived and acted in a particular situation.

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the price elasticity of demand at a price

Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? At what price would no caps be sold? Calculate the price elasticity of demand at a price of $6?

  Create a scenario around this business in which a manager

Create a scenario around this business in which a manager would decide to either stop operations in the short-run or going out of business in the long-run.

  Problem on generation of solar energy is sunlight

Suppose that the only input used in the generation of solar energy is sunlight

  What is the probability it was from manufacturer

A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2

  Whats the short run production function

Suppose the production function for a certain good is a simple Cobb-Douglas function without a technology component. What’s the short run production function? Given this SMC how much will this firm produce at a price of $40? What’s the total cost, to..

  Natural monopoly has an incentive to pad

A natural monopoly has an incentive to pad its cost of production under which type of regulation?

  Explain the whys of the policy of salutary neglect

Outline and describe in order of sequence the key items that led to the War of Independence. Explain why the navigation laws were so important to England. Explain the whys of the policy of salutary neglect.

  Immigration between two countries

The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.

  Why bank of maryland is concerned about potential losses

Bank of Maryland is concerned about the potential for losses as it has been advised that the spot rate in 60 days can vary

  Qfor each of the following values for the mpc determine the

q.for each of the following values for the mpc determine the size of the simple spending multiplier and the total

  What is the expected return for this investment

A firm is considering a capital investment. The risk premium is 0.04, and it is considered to be constant through time. Riskless investments may now be purchased to yield 0.06 (6%). If the project’s beta (?) is 1.5, what is the expected return for th..

  What is the bertrand-nash equilibrium

The inverse demand curve for sugar is P = 100−Q. There are two firms, C and D, who produce sugar. Firms produce sugar using a technology with a cost function characterized by C(Qi) = 20Qi where Qi is the quantity produced by each firm. What is the Be..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd