Statistics_121 - prepared and submitted by yourself only describe the methods your imaginary group chose to select the 10 hotels Discuss the pros

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1.A telemarketer with B2B Communications has a 20 percent historical probability of making a sale during a shift where 100 calls were made. Assign a random variable x, where the value of x is equal to the number of sales made during the shift. Describe the probability distribution of x, and calculate the probability of the employee making exactly 28 sales during a 100-call shift. What is the probability that the employee will make less than 28 sales during the 100-call shift? What is the probability that the employee will make 28 or more sales during the 100-call shift? 2.This select group has been asked to consider the Colorado City Convention and Visitors Bureau survey of 25 hotels in the local area. The survey is concerned with the current availability of rooms. The availability of the rooms was as follows: 90, 72, 75, 60, 75, 72, 84, 72, 88, 74, 105, 115, 68, 74, 80, 64, 414, 82, 48, 58, 60, 80, 48, 58, and 108. Each person in the marketing group must select a sample of 10 hotels from the list. In a report
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Unformatted text preview: prepared and submitted by yourself only, describe the methods your imaginary group chose to select the 10 hotels. Discuss the pros and cons of each sampling method. Calculate the average number of available rooms in one sample. Calculate the standard deviation of the number of available rooms in that sample. Construct a frequency distribution of the sample mean, and plot a histogram of this distribution. Use the central limit theorem to calculate and identify the sampling distribution of the sample mean. 3.Consider the average available for all hotel rooms from the previous question (#2). Identify the point estimate of the average number of available hotel rooms in this lesson from each sample. Construct and Interpret a 95% confidence level for the true mean number of available hotel rooms, based on the point estimate of each sample. Describe how the confidence intervals will change depending on whether the population standard deviation is known or unknown....
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This note was uploaded on 01/05/2012 for the course 101 melissa jo taught by Professor Acc101 during the Spring '11 term at Aarhus Universitet.

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