CentralLimitExamples

CentralLimitExamples - A company sells three types of pens...

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pen type price percentages 1 $0.50 45% 2 $2.40 35% 3 $25.14 20% Store 1 Store 2 Store 3 Store 4 Store 5 Store 6 Store 7 Store 8 pen 1 $2.40 $0.50 $2.40 $0.50 $2.40 $0.50 $25.14 $0.50 pen 2 $25.14 $25.14 $0.50 $25.14 $0.50 $25.14 $0.50 $25.14 pen 3 $2.40 $0.50 $25.14 $25.14 $0.50 $0.50 $0.50 $0.50 pen 4 $0.50 $0.50 $25.14 $0.50 $0.50 $2.40 $0.50 $2.40 pen 5 $25.14 $2.40 $0.50 $0.50 $0.50 $2.40 $0.50 $0.50 pen 6 $0.50 $0.50 $25.14 $0.50 $0.50 $25.14 $2.40 $0.50 pen 7 $2.40 $0.50 $2.40 $25.14 $2.40 $2.40 $0.50 $25.14 pen 8 $25.14 $2.40 $25.14 $2.40 $0.50 $0.50 $2.40 $0.50 pen 9 $25.14 $2.40 $0.50 $0.50 $0.50 $2.40 $2.40 $2.40 pen 10 $0.50 $0.50 $25.14 $0.50 $0.50 $0.50 $0.50 $2.40 pen 11 $25.14 $0.50 $0.50 $2.40 $0.50 $0.50 $25.14 $0.50 pen 12 $2.40 $0.50 $0.50 $2.40 $0.50 $2.40 $2.40 $25.14 pen 13 $2.40 $2.40 $25.14 $0.50 $0.50 $25.14 $2.40 $2.40 pen 14 $0.50 $0.50 $0.50 $0.50 $2.40 $0.50 $0.50 $2.40 pen 15 $0.50 $0.50 $25.14 $0.50 $0.50 $0.50 $2.40 $25.14 pen 16 $2.40 $2.40 $25.14 $0.50 $0.50 $0.50 $25.14 $25.14 pen 17 $0.50 $2.40 $2.40 $25.14 $0.50 $2.40 $2.40 $0.50 pen 18 $0.50 $0.50 $0.50 $25.14 $25.14 $2.40 $0.50 $0.50 pen 19 $25.14 $25.14 $0.50 $2.40 $0.50 $0.50 $0.50 $2.40 pen 20 $0.50 $25.14 $0.50 $25.14 $0.50 $2.40 $2.40 $0.50 mean $8.46 $4.77 $10.64 $8.27 $2.02 $4.96 $4.96 $7.23 Bin Frequency 1.36 1 2.74 2 4.12 3 5.5 14 6.88 9 8.26 11 9.64 8 More 2 A company sells three types of pens with prices $0.5, $2.40 and $25.14. It is observed that 45% of sales are due to the $0.50 pen, 35% dues to the $2.40 pen and 20% due to $25.14. Consider a drug store chain that carries these three types of pen. We record for a store 20 observations based on the type of pen sold. And repeat this experiment for 50 stores. The average sale of the 20 observations in each store is recorded and the histogram of the 50 averages are shown below. 1.36 2.74 4.12 5.5 6.88 0 5 10 15 Histogram Frequency
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Bin
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Store 9 Store 10 Store 11 Store 12 Store 13 Store 14 Store 15 Store 16 Store 17 $25.14 $0.50 $0.50 $0.50 $2.40 $0.50 $0.50 $2.40 $0.50 $0.50 $0.50 $0.50 $2.40 $2.40 $2.40 $0.50 $25.14 $25.14 $2.40 $0.50 $0.50 $0.50 $0.50 $2.40 $2.40 $2.40 $2.40 $2.40 $0.50 $2.40 $25.14 $0.50 $0.50 $0.50 $0.50 $2.40 $0.50 $2.40 $0.50 $0.50 $0.50 $0.50 $2.40 $0.50 $2.40 $0.50 $0.50 $2.40 $0.50 $0.50 $0.50 $25.14 $0.50 $2.40 $0.50 $0.50 $25.14 $25.14 $2.40 $25.14 $0.50 $0.50 $25.14 $0.50 $0.50 $0.50 $2.40 $0.50 $25.14 $2.40 $2.40 $2.40 $0.50 $0.50 $25.14 $0.50 $0.50 $25.14 $0.50 $2.40 $0.50 $25.14 $0.50 $2.40 $0.50 $25.14 $0.50 $2.40 $2.40 $0.50 $0.50 $25.14 $0.50 $2.40 $2.40 $0.50 $0.50 $25.14 $25.14 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $2.40 $0.50 $25.14 $2.40 $2.40 $0.50 $25.14 $0.50 $0.50 $0.50 $2.40 $0.50 $25.14 $2.40 $2.40 $25.14 $2.40 $0.50 $0.50 $2.40 $2.40 $2.40 $25.14 $25.14 $25.14 $25.14 $25.14 $0.50 $2.40 $0.50 $25.14 $0.50 $25.14 $2.40 $0.50 $0.50 $2.40 $2.40 $0.50 $2.40 $0.50 $2.40 $0.50 $25.14 $0.50 $25.14 $25.14 $0.50 $2.40 $2.40 $25.14 $0.50 $25.14 $0.50 $2.40 $0.50
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This note was uploaded on 12/17/2010 for the course MSIS 623:386 taught by Professor Markowitz during the Fall '09 term at Rutgers.

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CentralLimitExamples - A company sells three types of pens...

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