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Statistics
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Statistics for Management and Economics
Exam 9: Sampling Distributions
Path 4
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Question 21
Multiple Choice
A sample of size 200 is taken at random from an infinite population.Given that the population proportion is 0.60,the probability that the sample proportion is greater than 0.58 is:
Question 22
Short Answer
As n gets larger,the sampling distribution of
becomes increasingly bell shaped.This phenomenon is due to the ____________________.
Question 23
Essay
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} Find the standard error of the sample mean difference.
Question 24
Multiple Choice
An infinite population has a mean of 40 and a standard deviation of 15.A sample of size 100 is taken at random from this population.The standard error of the sample mean equals:
Question 25
Essay
Number of Fish Tanks The following data give the number of fish tanks owned for a population of 4 families.
-{Number of Fish Tanks Narrative} Find the mean and the standard deviation for the population.
Question 26
True/False
The mean of the sampling distribution of the sample proportion,
,when the sample size n = 100 and the population proportion p = 0.03,is 0.03.
Question 27
Short Answer
Graduate Internships The chairman of the Biology department in a certain college believes that 70% of the department's graduate internships are given to international students.A random sample of 50 graduate interns is taken. -{Graduate Internships Narrative} What is the probability that the sample proportion
is between 0.65 and 0.73?
Question 28
True/False
The standard error of the difference
is equal to the standard error of the difference
.
Question 29
True/False
In an effort to identify the true proportion of college freshman who are under 18 years of age,a random sample of 500 freshmen was taken.Fifty of them were under the age of 18.The value 0.10 is a point estimate of the true proportion of freshman under age 18.
Question 30
Essay
DVD Rental Store A DVD rental store wants to know what proportion of its customers are under age 21.A simple random sample of 500 customers was taken,and 375 of them were under age 21.Presume that the true population proportion of customers under age 21 is 0.68. -{DVD Rental Store Narrative} Describe the shape of the sampling distribution of proportion of customers who are under age 21.
Question 31
Short Answer
In a given year,the average annual salary of a NHL hockey player was $205,000 with a standard deviation of $24,500.If a simple random sample of 50 players was taken,what is the probability that the sample mean will exceed $210,000?