Question

In: Statistics and Probability

1.) In 1940 the average size of a U.S. farm was 174 acres. Let’s say that...

1.) In 1940 the average size of a U.S. farm was 174 acres. Let’s say that the standard deviation was 55 acres. Suppose we randomly survey 38 farmers from 1940. Using excel and excel functions show me how you got your answer

  1. In words, Χ = _____________
  2. In words,¯¯¯¯¯XX¯ = _____________
  3. ¯¯¯¯¯XX¯~ _____(_____,_____)
  4. The IQR for¯¯¯¯¯XX¯ is from _______ acres to _______ acres. excel functions

2.) The percent of fat calories that a person in America consumes each day is normally distributed with a mean of about 36 and a standard deviation of about ten. Suppose that 16 individuals are randomly chosen. Let¯¯¯¯¯XX¯ = average percent of fat calories. Using Excel and excel functions, show me how you got your answer.

  1. ¯¯¯¯¯XX¯ ~ ______(______, ______)
  2. For the group of 16, find the probability that the average percent of fat calories consumed is more than five. Graph the situation and shade in the area to be determined. excel function
  3. Find the first quartile for the average percent of fat calories. excel function

Solutions

Expert Solution


Related Solutions

In 1940 the average size of a U.S. farm was 174 acres†. Let's say that the...
In 1940 the average size of a U.S. farm was 174 acres†. Let's say that the standard deviation was 56 acres. Suppose we randomly survey 46 farmers from 1940. Part (c) Give the distribution of X. (Round your standard deviation to two decimal places.) X ~ , Part (d) The middle 50% of the distribution for X, the bounds of which form the distance represented by the IQR, lies between what two values? (Round your answers to two decimal places.)...
Let’s say the average per capita annual health care cost for mid-size US-based corporations is $5,886....
Let’s say the average per capita annual health care cost for mid-size US-based corporations is $5,886. An organization competing for business has funded several health maintenance organizations (HMOs). A sample of their average annual costs per person is as follows: $5591 4451 5546 4494 4437 5561 5527 5523 6602 4481 The hypothesis is that HMOs are an improvement. Are they? a) State the appropriate null hypothesis and alternative hypothesis. (Should it be one- or two-tailed?) b) Calculate the mean, standard...
The average size of 8 farms in Indiana County, Pennsylvania, is 191 acres with standard deviation...
The average size of 8 farms in Indiana County, Pennsylvania, is 191 acres with standard deviation of 38 acres. The average size of 10 farms in Greene County, Pennsylvania, is 199 acres with standard deviation of 12 acres. Can it be concluded that average size of the farms in Indiana County and the average size of the farms in Greene County are different? Use 95% confidence interval to compare
1. Let’s say an employee is paid $15 an hour and worked 36 hours in a...
1. Let’s say an employee is paid $15 an hour and worked 36 hours in a work week and you pay overtime at 1 1/2 times for all hours over 40. What is the regular pay for this employee? What is the overtime pay for this employee? What is the total gross pay for this employee? 2. Let’s say an employee is paid $15 an hour and worked 48 hours in a work week and you pay overtime at 1...
Q1: Let’s say our research question we want to find the average (mean) wage among all...
Q1: Let’s say our research question we want to find the average (mean) wage among all workers in the United States. Let’s say (and this is obviously not a very good method) we go around UC and stop 500 people and ask them what their wage is and calculate the mean wage. What is our population? What is our sample? What is the parameter? What is the statistic? What are some problems with our sampling method? Q2: Identify the scale...
Using either hypothesis testing or confidence interval method solve: The average size of a farm green...
Using either hypothesis testing or confidence interval method solve: The average size of a farm green county is 199 acres, and the average size of a farm in yellow county is 191. Assume the data were obtained from two samples with standard deviations of 12 acres and 38, respectively, and the sample sizes are 10 farms from Green county and 8 farms from in Yellow County. Can it be concluded at alpha= 0.05 that the average size of the farms...
1.    John Smith, owner of Happy Acres Farm produced young seedless grapes which can be used...
1.    John Smith, owner of Happy Acres Farm produced young seedless grapes which can be used for raisins or making wine. The bulk of Smith’s crop is contracted at the beginning of season so John must decide how to allocate his acreage. Weather conditions after the decision is made are crucial and difficult to predict. Raisins are sun-dried in the open an drain during this time can inflict heavy losses. If John decides to product grapes for wine, rain doesn’t...
Let’s just say the standard deviation of those 8,000 students is 5. 1) What is the...
Let’s just say the standard deviation of those 8,000 students is 5. 1) What is the formula for standard deviation of a population the 8,000 students (please make sure the summation sign has a starting and ending number)? Can it ever be negative? In our example, what are the units of the standard deviation? 2) What does the Central Limit Theorem say about the standard deviation of the curve? 3) What is the standard deviation in our example? 5 4)...
Part A 1. Let’s say that you are indifferent between $1,000 today, and $5,000 in forty...
Part A 1. Let’s say that you are indifferent between $1,000 today, and $5,000 in forty years. What is your implicit discount rate? 2. According to the Ramsey equation, what are the two components of the discount rate? (See Goodstein chapter 8). 3. What are the problems with using “willingness to pay” to value something? 4. Why might using “willingness to accept” give different valuations than “willingness to pay” would give? 5. Explain why the “efficient” level of pollution might...
Not more than 250 words for each Question , 1.Let’s say you are running a pet...
Not more than 250 words for each Question , 1.Let’s say you are running a pet store (similar to Pet Co. but instead we’ll call it Pet Inc.). Right now you just have a retail business aimed at selling typical household pet products like dog food and cat litter etc. What is an area of value-generating diversification you can expand into? Be specific as to why you think this is value-generating. What could be an example of a value-destroying area...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT