Question

In: Statistics and Probability

I'm fresh out of ideas and I need a real world example of the following: Discuss...

I'm fresh out of ideas and I need a real world example of the following: Discuss a sampling distribution by describing 1. a population, 2. a variable on the individuals in that population, 3. a standard deviation for that variable, 4. the size of a sample from that population. Compare the 5. center, 6. variability, and 7. shape of the sampling distribution of the mean of that sample with that of the population distribution. What does the sampling distribution tell us about that population?

Solutions

Expert Solution

ANSWER;

1) POPULATION: Population is the whole pool from which a factual example is drawn. the data acquired from the example enables analysts to create speculations about the bigger populace. specialists assembles data from an example due to the trouble of concentrate the whole populace.

2) A variable is any attributes, number or amount that can be estimated or tallied. a variable may likewise be known as an information thing,age,sex,business salary and costs, nation of birth,capital consumption,class grades,eye shading and vehicle compose are models of factors

3) in insights, the standard deviation (SD) in Greek letter sigma and Latin letter S. it is a measure that is utilized to evaluate the measure of variety or scattering of an arrangement of information esteems.

4) sample size is the quantity of perceptions in an example . it is normally meant or see also Quantile, sample,sample mean, sample variance.

test measure assurance is the demonstration of picking the quantity of perception or reproduces to incorporate in to a factual example.

6) Variability (also called spread or dispersion) refers to how spread out a set of data is. Variability gives you a way to describe how much data sets vary and allows you to use statistics to compare your data to other sets of data. The four main ways to describe variability in a data set are:

  • Range
  • Interquartile range
  • Variance
  • Standard deviation.

Range

The range is the amount between your smallest and largest item in the set. You can find the range by subtracting the smallest number from the largest. For example, let’s say you earned $250 one week, $30 the following week and $800 the third week. The range for your pay (i.e. how much it varies) is $30 to $800.

Interquartile Range

The interquartile range is almost the same as the range, only instead of stating the range for the whole data set, you’re giving the amount for the “middle fifty“. It’s sometimes more useful than the range because it tells you where most of your values lie. The formula is IQR = Q3 – Q1, where Q3 is the third quartile and Q1 is the first quartile. You’re basically taking one of the smallest values (at the 25th percentile) and subtracting it from one of the largest values (at the 75th percentile). The following boxplot shows the interquartile range, represented by the box. The whiskers (the lines coming out from either side of the box) represent the first quarter of the data and the last quarter.

Variance

The variance of a data set gives you a rough idea of how spread out your data is. A small number for the variance means your data set is tightly clustered together and a large number means the values are more spread apart. The variance is rarely useful except to calculate the standard deviation.

Standard Deviation

The standard deviation tells you how tightly your data is clustered around the mean (the average). A small SD indicates that your data is tightly clustered — you’ll also have a taller bell curve; a large SD tells you that your data is more spread apart.

5) SAMPLING DISTRUBUTIONS. Assume that we draw every single conceivable example of size n from a populace. Assume assist that we process a measurement example mean,extent,standard deviation the likelihood dissemination of this measurement is known as a testing appropriation.


Related Solutions

I'm looking for ideas to preform full factorial (2^2 or 2^3) experiment I want a real-world...
I'm looking for ideas to preform full factorial (2^2 or 2^3) experiment I want a real-world applications please.
I need ideas on the keynesian model, effects on unemployment, and real GDP.
I need ideas on the keynesian model, effects on unemployment, and real GDP.
I need an example of "real life" problem solving by "insight" for psychology
I need an example of "real life" problem solving by "insight" for psychology
Give an example of a real-world situation where we might need to know the mean AND...
Give an example of a real-world situation where we might need to know the mean AND standard deviation of a distribution. In other words, under what circumstances might we be concerned with... 1) the center of the distribution AND 2) the spread of the distribution (i.e., how far away data points are from the mean) HINT: When might looking exclusively at the mean be misleading or uninformative?
Give an example of a real-world monopoly or a firm close to being a monopoly. Discuss...
Give an example of a real-world monopoly or a firm close to being a monopoly. Discuss what you think is the source(s) of its market power. For instance, do you think this is an example of a cost-based monopoly or is there some other explanation, such as advertising or network effects, etc.
Provide a real-world example of a wholesaler, a distributor, and a retailer. Discuss the differences among...
Provide a real-world example of a wholesaler, a distributor, and a retailer. Discuss the differences among them.
search internet for example of real world example of plagiarism
search internet for example of real world example of plagiarism
Determine if a real-world system could be represented as a rigid body I just need an...
Determine if a real-world system could be represented as a rigid body I just need an exemple
Please answer all a.Explain, discuss, and give a real world example of Demand (D). b.Explain, discuss,...
Please answer all a.Explain, discuss, and give a real world example of Demand (D). b.Explain, discuss, and give a real world example of Quantity Demanded (Qd). c.Explain, discuss, and give a real world example of the Law of Demand. d.Explain, discuss, and give a real world example of Supply (S). e.Explain, discuss, and give a real world example of Quantity Supplied (Qs). f.Explain, discuss, and give a real world example of the Law of Supply.
please answer all g.Explain, discuss, and provide a real world example of equilibrium in the market....
please answer all g.Explain, discuss, and provide a real world example of equilibrium in the market. h.Explain, discuss, and provide a real world example of a shortage in the market. i.Explain, discuss, and provide a real world example of a surplus in the market. j.Explain, discuss, and provide a real world example of disequilibrium in the market. k.Explain, discuss, and provide a real world example of government imposed price controls: a price ceiling and a price floor. l.Explain, discuss, and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT