This preview shows page 1. Sign up to view the full content.
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....
View
Full
Document
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.
 Spring '11
 acc101

Click to edit the document details