**Given a normally distributed population, a sampling distribution is summarized by μX = 300 and σX = 28. What is the probability that a simple random sample will reveal a sample mean a. below 200? b. between 200 and 265? c. above 346?**

Given –

Sample mean = 300

Standard error = 28

a) P(X̅<200)

= P(X̅-300/28 < 200-300/28)

= P(z ≤ -3.57)

= 0.000178

b) P (200

= P ( X̅-300/28 < 265-300 /28) – P( X̅ - 300 /28 < 200 -300/28)

= P (z<-1.25) – P(z< -3.57)

= P(z>1.25) – P(z> 3.57)

= [1 – P(z<1.25)] – [( 1 – P(z<3.57) )]

= (1 - .8944) – (1 -0.9998)

= 0. 1054

C) P(X̅ > 346)

= 1- P(X̅ ≤ 346)

= 1- P( (346 – 300)/28)

= 1- P (1.643)

= 0.050191

**A normally distributed population of 12 oz. beer cans has a mean of 105 calories and a standard deviation of 3 calories. Compute the mean of a sampling distribution for a simple random sample of 30 as well as the associated standard error.**

Population mean = 105 oz

Population standard deviation = 3 oz

n = 30 oz

Mean of sampling distribution = E(X̅ ) = µ = 105 oz

Standard error = Standard deviation / √n

= 3/√30

= 0.5477

**The daily lunch expense of corporate executives is a normally distributed random variable with a mean of £9.9 and a standard deviation of £1. Describe the sampling distribution of the mean for a simple random sample of n = 36. What is the probability of encountering a sample mean between £10 and £11?**

Probability of encountering a sample mean between £10 and £11 = P(10≤x̅≤11)

= P(10 – E(X̅)/Standard error ≤ x̅ - E(X̅)/Standard error ≤ 11 - E(X̅)/Standard error )

= Standard error = Standard deviation / √n

= 1/√36

= 1/6

= 0.16667

P (10 – 9.9/ 0.16667 ≤ x̅ - 9.9/ 0.16667 ≤ 11- 9.9/ 0.16667)

= P (0.599 ≤ z ≤ 6.59)

= P (z≤6.59) – P (z≤0.599)

= 1- 0.274586 (since for any Z greater than 4 we assume Probability to be equal to 1)

= 0.725414 or 72.54%

**An investigator knows that the population of light bulb lifetimes is normally distributed and that the standard deviation is 36 hours. A simple random sample of 49 bulbs discloses a sample mean lifetime of 510 hours. Determine a 95% confidence interval for the mean lifetime of all such bulbs.**

Population standard deviation = 36

n = 49

X̅ = 510

Confidence level = 95% = 1 - α

We know

µ = X̅ ± Zα/2 * Standard Error of X̅

Z_(α/2)=1.96 (from normal distribution table)

Standard Errors of X̅ = Population standard deviation/√n

= 36/√49

= 5.1428

It implies µ = 510 ± 1.96 (5.1428)

= 499.92 ≤ µ ≤ 520.08

**A banker who believes the relevant statistical population to be normally distributed wants to estimate the average monthly mortgage payment in a city. A simple random sample of 28 homeowners produces a mean of £426.73 with a standard deviation of £29.75. Determine a 99.8% confidence interval for the citywide average monthly payment.**

Sample standard deviation = S = 29.75

n = 28

X̅ = 426.75

Confidence level = 99.8% = 1 – α

We know

µ = X̅ ± Zα/2 * Standard Error of X̅

Zα/2=0.5839(from normal distribution table )

Standard Error of X̅ = Sample standard deviation/√n

= 29.75/√28

= 5.6627

It implies µ = 426.73 ± 0.5839(5.6627)

= 410.25 ≤ µ ≤ 444.10

**Passengers abandoning a sinking liner have a mean weight of 77kg, with a standard variation of 8kg. 40 passengers clamber onto a lifeboat, which will capsize if the total weight of the passengers exceeds 3,200kg. What is the probability that the lifeboat will capsize?**

Population mean = µ = 77 kg = E(x̅)

Population Standard deviation = 8 kg

Standard error = Population Standard deviation/ √n

Total passengers = 40

Average weight of 1 passenger for lifeboat to capsize with 40 persons = 3200/40 = 80

Standard Error of weights of Passenger

= 8/√40

= 1.265

n = 40

Probability of boat capsizing = P (X̅ ≥ 3200)

= P (X̅ - µ /Standard error of X̅ ≥ 3200 - µ/Standard error of X̅)

= P (Z ≥ 80 – 77/1.265)

= P(z ≥ 2.37)

= 1-P( z ≤2.37)

= 1 - .99111

= 0.00889

**A random sample of 65 weekly rents for one-person flats provides the following information: sample mean X = £345, sample deviation s = £32. Find a 98% confidence interval for the true population mean rent. Interpret your result carefully**

Sample standard deviation = s = 32

n = 65

X̅ = 345

Confidence level = 98% = 1 - α

We know

µ = X̅ ± Z_(α/2) * Standard Error of X̅

Zα/2=0.2885( from normal distribution table )

Standard Error of X̅ = Sample standard deviation/√n

=32 /√65

= 3.96

It implies µ = 345 ± 0.885 ( 3.96 )

= 335.766 ≤ µ ≤ 354.3323

Interpretation: This means that in 98 out of 100 one-person flats sampled, the mean weekly rent will lie in between £336 and £355

**A sample of 100 supermarket shoppers spend on average £56 with a standard deviation of s = £10. Find a 95% confidence interval for the true mean of shoppers’ spending.**

Sample standard deviation = S = 10

n = 100

X̅ = 56

Confidence level = 95% = 1 - α

We know

µ = X̅ ± Zα/2 * Standard Error of X̅

Zα/2 = 1.96( from normal distribution table )
Standard Error of X̅ = Sample standard deviation/√n

=10 /√100

= 1

It implies µ = 56± 1.96 (1)

= 54.04 ≤ µ ≤ 57.96

**Suppose two economists estimate μ (the average expenditure of British families on food) with two unbiased (and statistically independent) estimates U and V. The second economist is less careful than the first: the standard deviation of V is 3 times as large as the standard deviation of U. When asked how to combine U and V to get a publishable overall estimate, three proposals are made: • W1 = ½ U + ½ V (simple average) • W2 = ¾ U + ¼ V (weighted average) • W3 = 1 U + 0 V (drop the less accurate estimate) (a) Which are unbiased? (b) Which is the best estimator? The worst? (c) Is it possible to find an even better estimator?**

W1 = ½ U + ½ V (simple average)

Taking expectation both sides

It implies, E(W1) = ½ E(U) + ½ E(V)

= ½ µ + ½ µ = µ

And E(W1) also equals µ

LHS = RHS

Therefore W1 is unbiased

W2 = ¾ U + ¼ V (weighted average)

Taking Expectation both sides

RHS

E(3/4U+1/4V)

=3/4*E(U)+1/4*E(V)

=3/4µ+1/4*µ

=µ

LHS

E(W2) =µ

HENCE LHS = RHS

SO W2 IS UNBIASED

W3 = 1 U + 0 V (drop the less accurate estimate)

Taking Expectation both sides

RHS

E(1U+0V)

=1*E(U)+0*E(V)

=µ

LHS

E(W3)

=µ

LHS=RHS

HENCE W3 IS UNBIASED

B) W1 = ½ U + ½ V (simple average)

TAKING VARIANCE BOTH SIDES

RHS

V(1/2U+1/2V)

=1/2*1/2V(U)+1/2*1/2V(V)

=1/4V(U)+1/4(9V(U))

=5/2V(U)

W2 = ¾ U + ¼ V (weighted average)

TAKING VARIANCE BOTH SIDES

RHS

V( ¾ U + ¼ V)

=3/4^{2}V(U)+1/4^{2}V(V)

=9/16V(U)+1/16(9V(U))

=9/8V(U)

W3 = 1 U + 0 V (drop the less accurate estimate

RHS

V(1U+0V)

=1V(U)

It implies W3 is best estimator as it has less variance Also W1 is worst estimator as it has most variance (By Minimum Variance Unbiased Estimator)

**(Estimating a population proportion) A random sample of 100 workers in an economy reveals that 20% are unemployed. Obtain an unbiased point estimate of the true population unemployment level. Hence obtain a 99% confidence interval for the true population unemployment level.**

n = 100

pˆ = 20% = 0.2

1-α = 99%

We know

P = pˆ ± Zα/2 SD (pˆ)

Where SD (pˆ) is

By putting the values it implies

SD (pˆ) = 0.04

Zα/2 = 2.575

Putting the value in formula 1 we get

P = 0.2 ± 2.575(0.04)

0.097 ≤ P ≤ 0.303

Assignment Writing Help

- Science Assignment Help
- Math Assignment Help
- Chemistry Assignment Help
- Physics Assignment Help
- Biology Assignment Help
- Psychology Assignment Help
- History Assignment Help
- Geography Assignment Help
- English Assignment Help
- Humanities Assignment Help
- Nursing Assignment Help
- Social Science Assignment Help
- Arts and Architecture Help
- Statistics Assignment Help
- Law Assignment Help
- Computational Mathematics Assignment Help

Engineering Assignment Services

- Programming Assignment Help
- Database Help
- Data Structure Assignment Help
- Operating Systems Assignment Help
- Computer Network Assignment Help
- UML Diagram Assignment Help
- IT Assignment Help
- Game Programming Help
- Computer Science Assignment Help
- Information Systems Assignment Help
- Chemical Engineering Assignment Help
- Civil Engineering Assignment Help
- Electrical, Electronics Help
- Mechanical Engineering Assignment Help
- Petroleum Engineering Assignment Help
- Biochemical and Biotechnology Help

Do My Assignment Help

- Accounting Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Marketing Assignment Help
- Human Resources Assignment Help
- Operations Management Assignment Help
- Strategy and Planning Help
- Project Management Help
- Case Studies Writing Help
- Political science
- Referencing Help
- Assignment Help Websites
- Online Assignment Help
- Do My Assignment
- Do My Homework

Write My Essay Services

- Essay Writing Help
- Business Essay Writing Help
- Assignment Writing Services
- Plagiarism Free Essay Writing
- Essay Editing Service
- Dissertation Writing Services
- Thesis Writing Help
- Custom Writing Help
- Write My Essay
- Write My Paper
- Paper Writing Service
- Academic help
- College Essay Writing
- Cheap Essay Writing