MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Question

Suppose the probability is p = 0.4 that a person who purchases an instant lottery ticket wins money, and this probability holds for every ticket purchased. Consider different random samples of n = 24 purchased tickets. Let p̂ = sample proportion of winning tickets in a sample of 24 tickets.

Look at Image for the questions

Suppose the probability is p = 0.4 that a person who purchases an instant lottery ticket wins money, and this probability holds for every ticket purchased. Consider different random samples of n
24 purchased
tickets. Let p = sample proportion of winning tickets in a sample of 24 tickets.
(a) Give the numerical value of the mean of the sampling distribution of p. (Round your answer to two decimal places.)
Mean
(b) Calculate the standard deviation, s.d. of the sampling distribution of p. (Round your answer to two decimal places.)
s.d.(p) =
(c) Use the Empirical Rule to find values that fill in the blanks in the following sentence. (Round your answers to two decimal places.)
In about 68% of all randomly selected samples of n =
24 instant lottery tickets, the proportion of tickets that will be money winners will be between
and
(d) Use the Empirical Rule to find values that fill in the blanks in the following sentence. (Round your answers to two decimal places.)
In about 95% of all randomly selected samples of n = 24 instant lottery tickets, the proportion of tickets that will be money winners will be between
and
expand button
Transcribed Image Text:Suppose the probability is p = 0.4 that a person who purchases an instant lottery ticket wins money, and this probability holds for every ticket purchased. Consider different random samples of n 24 purchased tickets. Let p = sample proportion of winning tickets in a sample of 24 tickets. (a) Give the numerical value of the mean of the sampling distribution of p. (Round your answer to two decimal places.) Mean (b) Calculate the standard deviation, s.d. of the sampling distribution of p. (Round your answer to two decimal places.) s.d.(p) = (c) Use the Empirical Rule to find values that fill in the blanks in the following sentence. (Round your answers to two decimal places.) In about 68% of all randomly selected samples of n = 24 instant lottery tickets, the proportion of tickets that will be money winners will be between and (d) Use the Empirical Rule to find values that fill in the blanks in the following sentence. (Round your answers to two decimal places.) In about 95% of all randomly selected samples of n = 24 instant lottery tickets, the proportion of tickets that will be money winners will be between and
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman