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%.
-Find any pair of values such that the probability that the sample standard deviation lies between these values is 0.90.
Correct Answer:
Verified
P( 
< 10.117)= 0.05 and P(
> 30.144)=...View Answer
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Correct Answer:
Verified
< 10.117)= 0.05 and P(
> 30.144)=...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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