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stiks02 [169]
3 years ago
7

Suppose a random sample of size is selected from a population with . Find the value of the standard error of the mean in each of

the following cases (use the finite population correction factor if appropriate). a. The population size is infinite (to 2 decimals). b. The population size is (to 2 decimals). c. The population size is (to 2 decimals). d. The population size is (to 2 decimals).
Mathematics
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

A) σ_x' = 1.4142

B) σ_x' = 1.4135

C) σ_x' = 1.4073

D) σ_x' = 1.343

Step-by-step explanation:

We are given;

σ = 10

n = 50

A) when size is infinite, the standard deviation of the sample mean is given by the formula;

σ_x' = σ/√n

Thus,

σ_x' = 10/√50

σ_x' = 1.4142

B) size is given, thus, the standard deviation of the sample mean is given by the formula;

σ_x' = (σ/√n)√((N - n)/(N - 1))

Thus, with size of N = 50,000, we have;

σ_x' = 1.4142 x √((50000 - 50)/(50000 - 1))

σ_x' = 1.4142 x 0.9995

σ_x' = 1.4135

C) at N = 5000;

σ_x' = 1.4142 x √((5000 - 50)/(5000 - 1))

σ_x' = 1.4073

D) at N = 500;

σ_x' = 1.4142 x √((500 - 50)/(500 - 1))

σ_x' = 1.343

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This is a normal distribution problem with

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b) The probability that the port handles 3 or more million tons of cargo per week?

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We first standardize/normalize 3.

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To determine the probability that the port handles less than 3 or more million tons of cargo per week

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c) The probability that the port handles between 3 million and 4 million tons of cargo per week = P(3 < x < 4)

We first standardize/normalize 3 and 4.

For 3 million

z = (x - μ)/σ = (3 - 4.5)/0.82 = -1.83

For 4 million

z = (x - μ)/σ = (4 - 4.5)/0.82 = -0.61

To determine the probability that the port handles between 3 million and 4 million tons of cargo per week

P(3 < x < 4) = P(-1.83 < z < -0.61)

We'll use data from the normal probability table for these probabilities

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d) Assume that 85% of the time the port can handle the weekly cargo volume without extending operating hours. What is the number of tons of cargo per week that will require the port to extend its operating hours?

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Let its z-score be z'

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x' = 0.84952 + 4.5 = 5.34952 = 5.35 to 2 d.p

Therefore, 5.35 million tons of cargo in a week will require the port to extend its operating hours.

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