User Account

All Pages

What is probability that 100 randomly selected households

Assignment Help Basic Statistics
Reference no: EM132849173

There has been much talk about income inequality in the United States lately. Let's assume that the average household income in the U.S. is $48,000 with a standard deviation of $18,000 (these numbers are hypothetical).

a) What is the probability that 50 randomly selected households have an average household income that exceeds $50,000? Explain how you approached this question.

b) What is the probability that 100 randomly selected households have an average household income that exceeds $50,000?

c) Why are your answers to a) and b) different? Explain.

Reference no: EM132849173

Questions Cloud

Estimate the percentage of customers : Assume you are working in the marketing department of Walmart. The company wants to supply a new brand of clothing. To make an informative decision,
What is the probability that he or she is a technology? : In a recent? survey, academic? professionals, professors and technology? leaders, were asked to indicate if the gains in student learning attributed to educatio
Key steps of test of hypothesis : Is there sufficient evidence to believe that the wait time for Bank A is less than for Bank B? Include all key steps of test of hypothesis, using the critical v
What level of measurement are the data : Please indicate the type of test needed to analyze the data described. Review the lessons on identifying variables and their levels and use the flow chart to he
What is probability that 100 randomly selected households : What is the probability that 100 randomly selected households have an average household income that exceeds $50,000?
Evaluate the strengths and weaknesses of resource planning : Critically evaluate the strengths and weaknesses of resource planning and management in a health system you are familiar with focusing on the key areas
Explain the variables-describe the correlation : Explain the variables, describe the correlation between them, and explain whether this high correlation implies any causation. Also what other factors might be
Compute the geometric mean of the percentage increases : Compute the geometric mean of the following percentage increases: 2, 5, 8, 11, 12, 9, 8, and 5The geometric mean?
What is the level of significance : Bill Alther is a zoologist who studies Anna's hummingbird (Calypte annaxxUse = 0.10.). (Reference: Hummingbirds, K. Long, W. Alther.)

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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