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Answer the following questions from your textbook

Accounting Feb 02, 2023

Answer the following questions from your textbook.

p. 272—Questions 5.3, 5.4, and 5.5

 

5.3

Consider the population described by the probability dis-tribution shown below.

x p1x2

1 2 3 4 5 .3

.2 .2 .2 .1

The random variable x is observed twice. If these observa-tions are independent, verify that the different samples of size 2 and their probabilities are as shown below.

Sample Probability 1, 1

1, 2 1, 3 1, 4 1, 5 2, 1 2, 2 2, 3 2, 4 2, 5 3, 1 3, 2 3, 3

.04 .06 .04 .04 .02 .06 .09 .06 .06 .03 .04 .06 .04

Sample Probability 3, 4

3, 5 4, 1 4, 2 4, 3 4, 4 4, 5 5, 1 5, 2 5, 3 5, 4 5, 5

.04 .02 .04 .06 .04 .04 .02 .02 .03 .02 .02 .01

 

5.4 Refer to Exercise 5.3 and find E1x2 = m. Then use the sampling distribution of x found in Exercise 5.3 to find the expected value of x. Note that E1x2 = m.

5.5 Refer to Exercise 5.3. Assume that a random sample of n = 2 measurements is randomly selected from the population. 

a. List the different values that the sample median m may assume and find the probability of each. Then give the sampling distribution of the sample median.

b. Construct a probability histogram for the sampling distribution of the sample median and compare it with the probability histogram for the sample mean (Exercise 5.3, part b).

 

Submit Homework 3 as a Word document to the appropriate assignment folder no later than Sunday 11:59 PM EST/EDT. (This assignment folder may be linked to Turnitin.)

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