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Business statistics Study Set 3
Exam 10: Sampling Distributions
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Question 1
Essay
In order to estimate the mean salary for a population of 500 employees, the managing director of a certain company selected at random a sample of 40 employees. a. Would you use the finite population correction factor in calculating the standard error of the sample mean? Explain. b. If the population standard deviation is $800, compute the standard error both with and without using the finite population correction factor. c. What is the probability that the sample mean salary of the employees will be within ±$200 of the population mean salary?
Question 2
Multiple Choice
An infinite population has a mean of 33 and a standard deviation of 6. A sample of 100 observations is to be taken at random from this population. The probability that the sample mean will be between 34.5 and 36.1 is:
Question 3
Essay
A sample of size 35 is taken from a normal population, with mean of 65 and standard deviation of 9.3. Describe the sampling distribution of the sample mean.
Question 4
Essay
The heights of women in Australia are normally distributed, with a mean of 165 centimetres and a standard deviation of 10 centimetres. What is the probability that the mean height of a random sample of 30 women is smaller than 162 centimetres?
Question 5
True/False
The standard deviation of a sampled population is also called the standard error of the sample mean.
Question 6
Multiple Choice
Random samples of size 64 are taken from an infinite population whose mean is 160 and standard deviation is 32. The mean and standard error of the sample mean, respectively, are:
Question 7
Essay
A researcher conducted a survey on a university campus for a sample of 64 third-year students and reported that third-year students read an average of 3.12 books in the prior academic semester, with a standard deviation of 2.15 books. Determine the probability that the sample mean is: a. less than 3.45. b. between 3.38 and 3.58. c. above 2.94.
Question 8
True/False
The sampling distribution of the sample proportion has mean p and variance pq/n.
Question 9
Essay
The amount of time spent by Australian adults playing sports per day is normally distributed, with a mean of 4 hours and standard deviation of 1.25 hours. Find the probability that if four Australian adults are randomly selected, all four play sport for more than 5 hours per day.
Question 10
True/False
The sampling distribution of the sample proportion is approximately normal provided that np ≥ 5 and nq ≥ 5
Question 11
Short Answer
A video rental store wants to know what proportion of its customers are under 21 years old. A simple random sample of 500 customers is taken, and 375 of them are under 21. Assume that the true population proportion of customers aged under 21 is 0.68. What is the probability that the sample proportion will be within 0.03 of the true proportion of customers who are aged under 21?
Question 12
Multiple Choice
If a random sample of size n is drawn from a normal population, then the sampling distribution of the sample mean
X
ˉ
\bar { X }
X
ˉ
will be:
Question 13
True/False
When a great many simple random samples of size n are drawn from a population that is normally distributed, the sampling distribution of the sample means will be normal, regardless of sample size n.
Question 14
Multiple Choice
A population that consists of 250 items has a mean of 37 and a standard deviation of 13. A sample of size 5 is taken at random from this population. The standard error of the sample mean equals (up to three decimal places) :