Does the law of averages relate to the answer, Basic Statistics

+44 141 628 6080
[email protected]

Does the law of averages relate to the answer

People in a large population average 60 inches tall. You will take a random sample and will be given a dollar for each person in your sample who is over 65 inches tall. For example, if you sample 100 people and 20 turn out to be over 65 inches tall, you get $20. Which is better: a sample of size 100 or a sample of size 1,000? Choose one and explain. Does the law of averages relate to the answer you give?

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Does the law of averages relate to the answer

Reference No:- TGS094538

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : The symbol "f" in the results of a testcross stands for

The symbol "F" in the results of a testcross stands for?

Q : Test the claim that the mean total score is different

The Graduate Management Admission Test (GMAT) is a test required for admission into many masters of business administration (MBA) programs. Use α = .05 to test the claim that the mean total score is different from 529.

Q : Allocated general overhead costs

The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $6,000 of these allocated general overhead costs would be avoided.

Q : Estrogen level correspond to the change in thickness

How does the increase in the estrogen level coresspond to the change in thickness of the uterine lining in days through 1-10 of the menstrual cycle

Q : Does the law of averages relate to the answer

Which is better: a sample of size 100 or a sample of size 1,000? Choose one and explain. Does the law of averages relate to the answer you give?

Q : A laser beam with a 1 mm diameter is aligned to a detector

A laser beam with a 1 mm diameter is aligned to a detector with a 1 mm diameter so that the beam's center coincides with the detector's center. The laser gradually drifts out of alignment, and the detector loses contact with the laser when the beam c

Q : Polynomials are easy to generate

Polynomials are easy to generate, but it seems that not all polynomials are equally suitable in CRC algorithms. Give an example showing what happens when the polynomial used in a CRC algorithm is chosen carelessly.

Q : Is the right interpretation for the margin of error

Can we conclude from this that most workers there earn between $25 and $35 per hour? Is this the right interpretation for the margin of error?

Q : Overhead budget variance for the month

The company based its original budget on 6,100 machine-hours. The company actually worked 6,480 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,370 machine-hours. What was the overall fixed o

1959277

Questions
Asked

3,689

Active Tutors

1448233

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Does the law of averages relate to the answer

Reference No:- TGS094538

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : The symbol "f" in the results of a testcross stands for

Q : Test the claim that the mean total score is different

Q : Allocated general overhead costs

Q : Estrogen level correspond to the change in thickness

Q : Does the law of averages relate to the answer

Q : A laser beam with a 1 mm diameter is aligned to a detector

Q : Polynomials are easy to generate

Q : Is the right interpretation for the margin of error

Q : Overhead budget variance for the month

What are the bodies first and second line of defence

Identify which defense mechanisms are at risk

Requirement that could affect your healthcare organization

Reviewing adverse events on a hospital unit

Conduct self-reflection on your performance in the field

Why patient with dementia is no longer able to make decision

How healthcare professionals responsible for utilization

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Does the law of averages relate to the answer

Reference No:- TGS094538

Recent Questions Asked Basic Statistics

Q : The symbol "f" in the results of a testcross stands for

Q : Test the claim that the mean total score is different

Q : Allocated general overhead costs

Q : Estrogen level correspond to the change in thickness

Q : Does the law of averages relate to the answer

Q : A laser beam with a 1 mm diameter is aligned to a detector

Q : Polynomials are easy to generate

Q : Is the right interpretation for the margin of error

Q : Overhead budget variance for the month

Asked Questions