Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Each member of a random sample of 20 business economists was asked to predict the rate of inflation for the coming year.Assume that the predictions for the whole population of business economists follow a normal distribution with standard deviation 2%.
-The probability is 0.01 that the sample standard deviation is larger than what value?
Correct Answer:
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P(s > k)= P[(n - 1)s2 / σ2 > (n ...View Answer
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Correct Answer:
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