What is the probability that sample variance would be less

Assignment Help Business Economics
Reference no: EM13151429

A mathematics test of 100 multiple- choice questions is to be given to all freshmen enetring a large university. Initially, in a pilot study the test was given to a random sample of 20 freshmen. Suppose that, for the population of all entering freshmen, the distribution of the number of correct answers would be normal with a variance of 250.

A. what is the probability that sample variance would be less than 100?

B. what is the probability that sample variance would be more than 500.

Reference no: EM13151429

Questions Cloud

What is meant by radial or alternate : what is meant by "radial" or "alternate" arrangement of vascular tissue? and how is the arrangment of the cells that contain a casparian strip? Please explain why?
Analysis prepared by cincinnati flow : Required: Were the analysis prepared by Cincinnati Flow Technology's engineering, manufacturing, and accounting departments and their recommendation to continue purchasing the pumps correct? Explain your answer and include any supporting calculatio..
Construct a table showing the marginal revenue product : Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.
Income statement for the three months : The estimate for 2011 is subject to year-end adjustment. What amount, if any, of expense should be reflected in Post's quarterly income statement for the three months ended March 31, 2011?
What is the probability that sample variance would be less : what is the probability that sample variance would be less than 100? what is the probability that sample variance would be more than 500.
How does the united states tax erica''s activities? : How does the United States tax Erica's activities? How would your answer change if Erica were a self-employed technician rather than an employee?
Pressure reading-patient has high blood pressure problem : The average blood pressure reading will be less than 150 and hence fail to indicate that the patient has a high blood pressure problem?
Explain why the actual increase in m-1 will be smaller : explain why the actual increase in M-1 will be smaller than that indicated by the over smplified multiplier.
Straight-line method of depreciation for the machinery : At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2011 would be:

Reviews

Write a Review

Business Economics Questions & Answers

  Difference among government purchases and net tax

Explain the difference among the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.

  Explain how much tax sally pays on her gain

If capital gains tax is on nominal gains, Explain how much tax Sally pays on her gain. Calculate Kelly's capital gains if tax is on real gains.

  Illustrate what does this theory predict about the term

Illustrate what does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1 year bonds.

  Otal revenue curve over these two ranges of the demand

Assume that over a range of prices, the price elasticity of demand varies, total revenue curve over these two ranges of the demand curve as price fall.

  Why an increase in varieties of a good as a gain from trade

Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.

  What is size of each data register

The same size of word for data and instructions, what is the size of each data register. Elucidate what is the size of the instruction register of the computer in the fist question.

  Affect the amount they save each month

Explain how would you expect each of the following events to affect the amount they save each month.

  When does price ceiling become binding and what it create

Draw and show with boxes and appropriate labeling who bears which portion of taxes. When does a price ceiling become binding and what does it create? Show in the diagram.

  Explain how does this change in policy alter the response

The central bank new head decides to increase the response of interest rates to inflation. Explain how does this change in policy alter the response of the economy to a supply shock.

  Bureau of labor statistics classify

If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.

  Aggregate demand and aggregate supply

Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.

  Describe some forms of government spending

Describe some forms of government spending that represent consumption ad some forms that represent investment.

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