Exam 9: Sampling Distributions

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Mean Salary In order to estimate the mean salary for a population of 500 employees,the president of a certain company selected at random a sample of 40 employees. -{Mean Salary Narrative} Would you use the finite population correction factor in calculating the standard error of the sample mean in this case? Explain.

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The owner of a meat market has an assistant who has determined that the weights of roasts are normally distributed,with a mean of 3.2 pounds and standard deviation of 0.8 pounds.If a sample of 25 roasts yields a mean of 3.6 pounds,what is the Z-score for this sample mean?

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Retirees A sample of 50 retirees is drawn at random from a normal population whose mean age and standard deviation are 75 and 6 years,respectively. -(Retirees Narrative} Describe the shape of the sampling distribution of the sample mean in this case.

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Retirees A sample of 50 retirees is drawn at random from a normal population whose mean age and standard deviation are 75 and 6 years,respectively. -{Retirees Narrative} What is the probability that the mean age exceeds 73 years?

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Given that X is a binomial random variable with very large n,the binomial probability P(X \le 5)is approximated by the area under a normal curve to the left of

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Average Annual Revenue Suppose that the average annual revenue of a small business is $150,000 with a standard deviation of $40,000.Assume that the revenue distribution is normal. -{Average Annual Revenue Narrative} What is the probability that one business selected at random makes less than $120,000?

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If a random sample of size n is drawn from a normal population,then the sampling distribution of the sample mean Xˉ\bar { X } will be:

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Number of Fish Tanks The following data give the number of fish tanks owned for a population of 4 families. Family A B C D Number af Fish Tanks Owned 2 1 4 3 -{Number of Fish Tanks Narrative} Find the sampling distribution of Xˉ\bar { X } ,and use it to calculate the mean and the standard deviation of Xˉ\bar { X } .

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The standard error of the difference Xˉ1Xˉ2\bar { X } _ { 1 } - \bar { X } _ { 2 } is equal to the standard error of the difference Xˉ2Xˉ1\bar { X } _ { 2 } - \bar { X } _ { 1 } .

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CFO's Salary Suppose that the starting salaries of female CFO's have a positively skewed distribution with mean of $56,000 and a standard deviation of $12,000.The starting salaries of male CFO's are positively skewed with a mean of $50,000 and a standard deviation of $10,000.A random sample of 50 female CFO's and a random sample of 40 male CFO's are selected. -{CFO's Salary Narrative} What is the probability that the sample mean salary of male CFO's will not exceed that of the female CFO's?

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College Dean A college dean would like to estimate a population mean to within 40 units with 99% confidence given that the population standard deviation is 200. -A sample of size 25 is selected from a population of size 500.The finite population correction is needed to find the standard error of Xˉ\bar { X } .

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Given a binomial distribution with n trials and probability p of a success on any trial,a conventional rule of thumb is that the normal distribution will provide an adequate approximation of the binomial distribution if

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Retirees A sample of 50 retirees is drawn at random from a normal population whose mean age and standard deviation are 75 and 6 years,respectively. -{Retirees Narrative} What is the probability that two randomly selected retirees are over 73 years of age?

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The Central Limit Theorem states that,if a random sample of size n is drawn from a population,then the sampling distribution of the sample mean Xˉ\bar { X } :

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Poker Time The amount of time spent by American adults playing Poker per week is normally distributed with a mean of 4 hours and standard deviation of 1.25 hours. -{Poker Time Narrative} Find the probability that if four American adults are randomly selected,their average number of hours spent playing Poker is more than 5 hours per week.

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Average Annual Revenue Suppose that the average annual revenue of a small business is $150,000 with a standard deviation of $40,000.Assume that the revenue distribution is normal. -{Average Annual Revenue Narrative} What is the probability that the average annual revenue of a random sample of 4 businesses is less than $120,000?

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If two populations are normally distributed,the sampling distribution of the difference in the sample means, Xˉ1Xˉ2\bar { X } _ { 1 } - \bar { X } _ { 2 } ,is:

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The variance of the sampling distribution of Xˉ\bar { X } is ____________________ the variance of the population we're sampling from for all sample sizes.

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The standard error of the sample proportion gets larger as:

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Because the value of the ____________________ varies randomly from sample to sample,we can regard it as a new random variable created by sampling.

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