Statistics for decision making
Please use 200 words to answer the following 6 questions:
1. What is the difference between the probability distribution of a discrete random variable and that of a continuous random variable? Let xx be a continuous random variable. What is the probability that xx assumes a single value, such as a? For a continuous probability distribution, explain why the following holds true: P(a<x<b)=P(a<x≤b)=P(a≤x<b)=P(a≤x≤b)
2. Briefly explain the main characteristics of a normal distribution. Illustrate with the help of graphs. Briefly describe the standard normal distribution curve. What are the parameters of the normal distribution?
3. How do the width and height of a normal distribution change when its mean remains the same but its standard deviation decreases? Do the width and/or height of a normal distribution change when its standard deviation remains the same but its mean increases? For the standard normal distribution, what does z represent?
4. For the standard normal distribution, find the area within one standard deviation of the mean—that is, the area between μ−σand μ+σ. For the standard normal distribution, what is the area within 2.5 standard deviations of the mean? For the standard normal distribution, what is the area within three standard deviations of the mean?
5. Briefly explain the meaning of a population probability distribution and a sampling distribution. Give an example of each. Explain briefly the meaning of a sampling error. Give an example. Does such an error occur only in a sample survey, or can it occur in both a sample survey and a census? Explain briefly the meaning of nonsampling errors. Give an example. Do such errors occur only in a sample survey, or can they occur in both a sample survey and a census?
6. Consider the following population of 10 numbers:
20 25 13 19 9 15 11 7 17 30
Find the population mean.
Rich selected one sample of nine numbers from this population. The sample included the numbers 20, 25, 13, 9, 15, 11, 7, 17, and 30. Calculate the sample mean and sampling error for this sample.
Refer to part b. When Rich calculated the sample mean, he mistakenly used the numbers 20, 25, 13, 9, 15, 11, 17, 17, and 30 to calculate the sample mean. Find the sampling and nonsampling errors in this case.
List all samples of nine numbers (without replacement) that can be selected from this population. Calculate the sample mean and sampling error for each of these samples.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more