QUESTION 2 True or False [10 points] ( ) 95th percentile in the standard normal distribution...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
QUESTION 2 True or False [10 points] ( ) 95th percentile in the standard normal distribution is +1.645*SD away from the mean ( ) According to the central limit theorem, if I draw a sample of (n=33 sample) from a population with unknown distribution. The mean and the standard deviation of the sample are the same as the mean and standard deviation of the population ( ) The following function in Excel =RANDBETWEEN (1,100) returns either 0 or 1 ( ) A TRL of 1-3 indicates a new technology that is still immature and needs a lot of technology and cost analyses QUESTION 2 True or False [10 points] ( ) 95th percentile in the standard normal distribution is +1.645*SD away from the mean ( ) According to the central limit theorem, if I draw a sample of (n=33 sample) from a population with unknown distribution. The mean and the standard deviation of the sample are the same as the mean and standard deviation of the population ( ) The following function in Excel =RANDBETWEEN (1,100) returns either 0 or 1 ( ) A TRL of 1-3 indicates a new technology that is still immature and needs a lot of technology and cost analyses
Expert Answer:
Answer rating: 100% (QA)
1 false The 95 is 1645 in other words there is a 95 probabi... View the full answer
Related Book For
Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman
Posted Date:
Students also viewed these accounting questions
-
If the sample size is large, the standard normal distribution can be used in place of the chi-square in a goodness-of-fit test for testing whether the population is normally distributed. True and...
-
A sample of n = 353 college faculty members was obtained, and the values of x = teaching evaluation index and y = annual raise were determined (Determination of Faculty Pay: An Agency Theory...
-
A sample of n = 10,000 (x, y) pairs resulted in r = .022. Test H0: r = 0 versus Ha: r = 0 at significance level .05. Is the result statistically significant? Comment on the practical significance of...
-
Tonys mother is extremely proud that her son will graduate college in a few months. She expresses concern, however, when Tony tells her that following graduation, he plans to move to Las Vegas to...
-
Flint Hills Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey Jay Dee will play classic and...
-
Raymond, a single individual, received a salary of $196,000. He also had the following items of investment income: $40,000 net short-term capital gain on sale of stock, $7,000 dividend income, $5,000...
-
Anita Maxwell Company expects the following for 2007: Net cash provided by operating activities of $150,000 Net cash provided by financing activities of $60,000 Net cash used for investing...
-
Audit risks for particular accounts and disclosures can be conceptualized in this model: Audit risk (AR) 5 Inherent risk (IR) 3 Internal control risk (CR) 3 Detection risk (DR). Required: Use this...
-
Why should an analyst review more than one year of financial statements before projecting an agency's revenues and expenditures? provide references
-
Historically, managed care organizations were regulated by the states; however, they have increasingly become managed by both states and the overreaching arms of the federal government with multiple...
-
Zing Coffee Company produces Columbian coffee in batches of 5,400 pounds. The standard quantity of materials required in the process is 5,400 pounds, which cost $6.00 per pound. Columbian coffee can...
-
Consider the indefinite integral, 7(x): 1(x) = = x+4x= x+4x-17 -dx = F(x)+c x-3 where F(x) is the primitive and c is the integration constant. If1(k) =0 where k = 4.6, find the value of c. Give your...
-
What are the primary advantages of a mentoring relationship as part of a new employee's orientation? Explain in details.
-
Positive" and "normative" economics is the study of "what is" and "what should be," respectively. Describe the differences between the two concepts. Consider the following statement: Inequality is...
-
South Carolina is a right to work state. Taking into account everything you have learned so far about owning a small business, what are your thoughts on that as you consider hiring employees?
-
Find the variance and the standard deviation of the following set: 13, 15, 16, 18, 23 If necessary, round to the nearest hundredth.
-
What is community development? Why is community development and community participation important? What is the role of Community Development workers in the process?
-
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
-
28, 50, 52, 11, 71, 36, 47, 88, 41, 50, 71, 50 Rank the set of data.
-
Team batting averages for major league baseball in 2005 are represented below. Find the variance and standard deviation for each league. Compare the results. NL AL 0.2520.256 4 0.2560.261 2...
-
For a group of 22 college football players, the mean heart rate after a morning workout session was 86 beats per minute, and the standard deviation was 5. Find the 90% confidence interval of the true...
-
Two kinds of audit programs have been identified. What are they? What is the objective of each?
-
Are analytical procedures very effective for discovering errors and frauds?
-
What conditions create demand for useful information?
Study smarter with the SolutionInn App