Using the phone numbers listed in your telephone directory as your population, randomly obtain 20 samples of

Question:

Using the phone numbers listed in your telephone directory as your population, randomly obtain 20 samples of size 3. From each phone number identified as a source, take the fourth, fifth, and sixth digits. (For example, for 245-8268, you would take the 8, the 2, and the 6 as your sample of size 3.)
a. Calculate the mean of the 20 samples.
b. Draw a histogram showing the 20 sample means. (Use classes - 0.5 to 0.5, 0.5 to 1.5, 1.5 to 2.5, and so on.)
c. Describe the distribution of ’s that you see in part b (shape of distribution, center, and amount of dispersion).
d. Draw 20 more samples and add the 20 new ’s to the histogram in part b. Describe the distribution that seems to be developing.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Elementary Statistics

ISBN: 9780538733502

11th Edition

Authors: Robert R. Johnson, Patricia J. Kuby

Question Posted: