(a) Use Excel's Data Analysis > Random Numbers to generate 100 Poisson-distributed random numbers with a mean...
Question:
(a) Use Excel's Data Analysis > Random Numbers to generate 100 Poisson-distributed random numbers with a mean of λ = 4.
(b) Make a histogram of your sample and assess its shape.
(c) Calculate descriptive statistics. __ the sample mean and standard deviation close to their Are __ intended values λ = 4 and σ = √λ = √4 = 2?
(d) Use a z test
to compare the sample mean to the desired mean. Note: Use z instead of t because the hypothesized mean μ = 4 and standard deviation σ = 2 are known.
(e) What would hap- pen if 100 statistics students performed similar experiments, assuming that Excel's random number generator is working correctly?
S - 20 a/ 2/V100
Step by Step Answer:
ae Results will vary but should be close to the intended distribution in a chisquare test or z test ...View the full answer
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
Students also viewed these Statistics questions
-
Use the applet entitled Random Numbers to generate a list of 50 numbers between 1 and 100, inclusive. Use the list to find each of the following probabilities: a. The probability that a number chosen...
-
Use the applet entitled Random Numbers to generate a list of 25 numbers between 1 and 3, inclusive. Let x represent a number chosen from this list. a. What are the possible values of x? b. Give the...
-
Excel was asked to generate 50 Poisson random numbers with mean = 5. (a) Calculate the sample mean. How close is it to the desired value? (b) Calculate the expected frequencies assuming a Poisson...
-
b) Calculate the Fault Level in MVA if a symmetrical bolted 3-phase fault occurs on the LV side of the 5MVA Transformer at 11kV c) The Tranformer impedance is 6% - Calculate the short circuit current.
-
To boost holiday sales, Ginsberg jewelry store is advertising the following promotion: If more than 7 inches of snow fall in the first 7 days of the year (january 1 through january 7), purchases made...
-
The owner of a millwork shop is considering three alternative locations for a new plant for building embossed-and-clad steel exterior doors for residences. Fixed and variable costs follow. Since the...
-
Choose an appropriate closed system and draw a bar diagram representing the energy conversions and transfers that occur during each process of Checkpoint 7.9: (a) a ball launching as the compressed...
-
Johnson Co. accepts a note receivable from a customer in exchange for some damaged inventory. The note requires the customer make semiannual installments of $50,000 each for 10 years. The first...
-
(a) Discuss four benefits that would accrue to a foreign investor investing in the international bonds and (b) Highlight four conditions that must be met by a subsidiary before it could be considered...
-
By what percentage does a dilute aqueous solution expand when heated from 15 to 25C? If a 0.500 0 M solution is prepared at 15C, what would its molarity be at 25C?
-
(a) Use either MegaStat or Excel's function = RAND () or Excel's Data Analysis > Random Numbers to generate 100 uniformly distributed random numbers between 0 and 1. (b) Make a histogram of your...
-
Refer back to Table 15.11, which shows the distribution of the number of U.S. Supreme Court appointments per year from 19001999. Since 1999 there have been four Supreme Court appointments with one...
-
A Treasury bill with a face value of $100,000 and 120 days until maturity is selling for $98,500. A. What is the T-bill's bank discount yield? B. What is the T-bill's money market yield? C. What is...
-
Name the goals of business communicators in conveying negative news, and explain how they can achieve these goals.
-
As a vice president of a financial services company, you serve many clients, and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Mia...
-
Your frequent flyer miles expire on December 31 because you have earned no qualifying segments during this calendar year. However, you could keep your miles if you apply for our Northeastern credit...
-
An e-mail announcing introducing a new manager: a. Please welcome our new HR manager, Kristi Bostock, who comes from our Chicago office. Kristi is a 17-year management veteran with a strong focus on...
-
Like most consumers, you have probably occasionally been unhappy with service or with products you have used. Your Task. Select a product or service that has disappointed you. Write a claim letter...
-
The function f, defined for x R, x > 0, is such that: a. Find the value of f"(x) at x = 4. b. Prove that f is an increasing function. f'(x) = x - 2 + 1 x
-
Suppose that a business sells 6-month subscriptions to its monthly magazine. On January 1, the company receives a total of $600 for 10 subscriptions. To record this transaction, the company debits...
-
In sampling from a population, state which type of sampling design corresponds to each of the following experimental designs: a. Completely randomized design b. Randomized block design
-
Explain the meaning of a. A representative sample. b. Probability sampling. c. Simple random sampling.
-
From USA TODAY's Today in the Sky with Ben Mutzabaugh, we found information on the on-time performance of passenger flights arriving in the United States during June 2008. The five airlines with the...
-
You are asked to choose a Website/ Web app/ Mobile app from any e-service/e-commerce provider. Explore the Website/Web app/Mobile app and identify the strengths (Note: you may compare the features...
-
Calculate return on equity (ROE) and its components using basic DuPont analysis. What do these ratios tell you about the company's performance and profit drivers? How do these ratios compare to the...
-
At the beginning of the year, Beck Company had total assets of $325,000 and total stockholders' equity of $105,000. If total assets increased by $50,000 during the year and total liabilities...
Study smarter with the SolutionInn App