Question

In: Statistics and Probability

6. One hundred draws will be made at random with replacement from the box [1 6...

6. One hundred draws will be made at random with replacement from the box

[1 6 7 9 9 10]

PART I:

a) Find the expected value and the standard error for the sum of 100 draws

b) The sum of 100 draws is between 650 and 750 with a chance of about

            1%       10%     50%     90%     99%

Show work for your answer by drawing the normal curve.

PART II:

a) Find the expected value and the standard error for the percentage of tickets marked by “9” in 100 draws. Make a box model.

a) What is the chance that the percentage of tickets marked by “9” is less than 40% ?

Show work using the normal curve.

Solutions

Expert Solution

There are more than 1 questions, as per the Q&A guidelines i am answering first question. If you want to get the answers for the rest of the parts, please post the question in a new post.

Please give me a thumbs-up if this helps you out. Thank you!


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