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patriot [66]
3 years ago
6

Consider a population with 3 observations: 6, 10 and 12. You use simple random sampling without replacement to select a sample o

f 2 observations. What is the probability that the sample mean is larger than 8?
Mathematics
1 answer:
lozanna [386]3 years ago
5 0

Answer:

\dfrac{2}{3}

Step-by-step explanation:

Given that:

The number of observations is:

6, 10, 12

If we are to use a simple  random sampling without replacement, then we will have:

(6,10)  (6,12)  (10,12)

Here;

the sample size n = 2

The population size N = 3

For (6,10) ; The sample mean = \dfrac{6+10}{2}

= \dfrac{16}{2}

= 8

For (6,12) ; The sample mean = \dfrac{6+12}{2}

= \dfrac{18}{2}

= 9

For (10, 12) ; The sample mean = \dfrac{10+12}{2}

= \dfrac{22}{2}

= 11

The probability distribution of sample mean(x) is:

X           8           9          11

P(X=x)    \dfrac{1}{3}          \dfrac{1}{3}           \dfrac{1}{3}

Thus, the probability that the sample mean  is larger than 8 is:

P(X> 8) = P(X = 9) + P(X + 11)

P(X> 8) = \dfrac{1}{3}+\dfrac{1}{3}

P(X > 8) = \dfrac{1+1}{3}

P(X> 8) = \dfrac{2}{3}

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After 9 years the account will be worth 13709.60$

Step-by-step explanation:

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We are given the following in the question:

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