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Homework answers / question archive / Liberty University Online Academy BMAL 590 Additional Questions 1)If when using the confidence interval estimator of a proportion the researcher finds that there is no chance of finding a success in the population, adding the number of 4 to the sample size could be part of the solution, which refers to             

Liberty University Online Academy BMAL 590 Additional Questions 1)If when using the confidence interval estimator of a proportion the researcher finds that there is no chance of finding a success in the population, adding the number of 4 to the sample size could be part of the solution, which refers to             

Statistics

Liberty University Online Academy
BMAL 590
Additional Questions
1)If when using the confidence interval estimator of a proportion the researcher finds that there is no chance of finding a success in the population, adding the number of 4 to the sample size could be part of the solution, which refers to              .

 

  1. Which of the following statements involve inferential statistics as opposed to descriptive statistics?

 

  1. A federal auditor for nationally charted banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82. if the auditor needed a point estimate for the population mean for all accounts at this bank, what would she use?

 

  1. Which of the following would not be considered a state of nature for a business firm?
  2. A sample of 500 athletes is taken from a population of 11,000 Olympic athletes to measure work ethic. As a result, we                                                                 .

 

  1. Though not the most effective method, rolling four dice enough times will result in theoretical probabilities being similar to                                                 .

 

  1. Assume an investment is made a significant number of times using the same probabilities and payoffs. In this case, the average payoff per investment represents                                                                                          .

 

  1. As a general rule, the normal distribution is used to approximate the sampling distribution of the sample proportion only if                                                                   .

 

  1. Consider a probability tree for selecting two puppies without replacement. The joint probability of two branches of the probability tree where the first selection is P(F) = 2/7 and the second selection P(F[F) =3//10 is                                                                                        .

 

  1. Which of the following represents behavior of risk avoidance?

 

  1. The standard error is             ?

 

 

 

12. The average number of customers that visited a particular store during the past year is 160 per day and a standard deviation of 25 customers per day. A random sample of 64 days is chosen from this population. The standard deviation of the sample means equals                                                                                                     .

 

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