An economics professor states on her syllabus that final grades will be distributed using the normal distribution.
Question:
An economics professor states on her syllabus that final grades will be distributed using the normal distribution. The final averages of 300 students are calculated, and she groups the data into a frequency distribution as shown in the accompanying table. The mean and the standard deviation of the final are x = 72 and s = 10.
Final Ave rages ........................... Frequency
F: Less than 50 ............................... 5
D: 50 up to 70 ............................. 135
c: 70 up to 80 .............................. 105
B: 80 up to 90 .............................. 45
a: 90 or above .............................. 10
....................................... total = 300
a. Using the goodness-of-fit test for normality, state the competing hypotheses in order to determine if we can reject the professor's normality claim.
b. At a 5% significance level, what is the critical value?
c. Calculate the value of the test statistic.
d. What is the conclusion to the test?
DistributionThe 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...
Step by Step Answer:
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly