Answer:
One: Median = 2
Two: Mean = 3.25
Step-by-step explanation:
One
Put the dots in order
1 1 1 2 2 3 3
There are seven groups altogether.
The middle one is a 2.
The median is 2.
Two
The mean is the average.
The average of the 4 groups is
1 3 6 3 = 13
The average is the sum of the dots.
13/4 = 3.25
Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σ
p − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (
x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5
Answer:
The mass of a longhorn cow.
Step-by-step explanation:
Kilograms will measure mass, not length, so we are left between two options. Kilograms would be used for heavier objects, so between a paper clip (which would be likely measured in grams,) and the longhorn, the cow would be what you would measure in kilograms.
Answer:
Margin of error for a 95% of confidence intervals is 0.261
Step-by-step explanation:
<u>Step1:-</u>
Sample n = 81 business students over a one-week period.
Given the population standard deviation is 1.2 hours
Confidence level of significance = 0.95
Zₐ = 1.96
Margin of error (M.E) = 
Given n=81 , σ =1.2 and Zₐ = 1.96
<u>Step2:-</u>
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On calculating , we get
Margin of error = 0.261
<u>Conclusion:-</u>
Margin of error for a 95% of confidence intervals is 0.261
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