{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Suppose you got a catfish that was bigger than 90 of

Info icon This preview shows page 3. Sign up to view the full content.

View Full Document Right Arrow Icon
8. Suppose you got a catfish that was bigger than 90% of the others. How much did your catfish weigh? a. 90% * 3.6 = 3.24 pounds b. 3.6 + .90(.8) = 4.32 pounds c. 3.6 + 1.28(.8) = 4.62 pounds d. 3.6 + .90(3.6) = 6.84 pounds Suppose X has a normal distribution with mean 10 and variance 4, Y has a normal distribution with mean 20 and variance 9, and X and Y are independent. 9. The mean of X+Y is 30. 10. You cannot find the variance of X+Y with only the above information. 11. What is the variance of 2X? 12. You want to estimate the average starting salary for recent business majors and you want the margin of error of your results to be no more than $500. You are planning to take a random sample of recent business major graduates and ask them for their starting salaries. Assume that the standard deviation of starting salaries for all recent business major graduates is $8000 and that you want to have 95% confidence in your results. a. What should your sample size be? n = = 983.45 = 984 people b. Would the margin of error increase or decrease if the sample size was 1,000? (Assume nothing else changes in the problem.) The MOE would decrease because the results are more precise with a larger sample size. 3
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}