Question

In: Statistics and Probability

Given the data below, what is the estimated bias given a reference value of 24.521? Data...

Given the data below, what is the estimated bias given a reference value of 24.521?

Data
24.9872
24.2675
25.2027
24.6919
24.9361
25.5176
24.8503
24.1735
24.8481
24.898
24.8747
24.6096
24.6116
24.9186
25
24.519
25.7207
24.9817
25.2276
24.919

Solutions

Expert Solution

Data
24.9872
24.2675
25.2027
24.6919
24.9361
25.5176
24.8503
24.1735
24.8481
24.898
24.8747
24.6096
24.6116
24.9186
25
24.519
25.7207
24.9817
25.2276
24.919
Sum 497.7554
Average 24.88777
reference value 24.521 (given)
Estimated bias = Average - reference value
Estimated bias = 0.36677
RESULT:
Therefore the estimated bias given a reference value of 24.521 is 0.36677 for the given data.

Related Solutions

Listed below are the estimated the length of one minute without reference to a watch or...
Listed below are the estimated the length of one minute without reference to a watch or clock, and the times were recorded in seconds. 69, 81, 39, 65, 42, 21, 60, 63, 66, 48, 64, 70, 96, 91, 65, 35, 47, 54, 52, 30, 60, 61, 1. Assume that the values are sample data, construct a 99% confidence interval to estimate of the population mean 2. Assume that the values are sample data, construct a 99% confidence interval fro the...
What is bias in data collection? Provide two examples of study bias (based on two publication...
What is bias in data collection? Provide two examples of study bias (based on two publication citations from topic breast cancer What is the difference between correlation and causation? Provide one example of either a correlation finding or a causation finding (based on one of your publication citations from topic breast cancer
What type of bias is the primary concern of self-reported data? Select one: a. Response bias...
What type of bias is the primary concern of self-reported data? Select one: a. Response bias b. Length bias c. Lead time bias d. Information bias e. Selection bias
Based on the below data what will be the value of multiple R?
Based on the below data what will be the value of multiple R?Regression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations8ANOVAdfSSMSFRegression132328Residual6284Total7CoefficientsStandard Errort StatP-valueIntercept1131.2746663.9842840.007248Advertising (thousands of $)196.193306741.6108020.158349
The estimated times and immediate predecessors for activities in a project are given below in the...
The estimated times and immediate predecessors for activities in a project are given below in the table. Assume that the activity time are independent. Task                           Predecessor                Optimistic   Most Likely   Pessemistic                                                                             Time (wks)    time (wks)     time (wks) Architectural design                            --         10                  30                    45 Software                      Architectural design    13                  15                    23 Compilg                      Software                          2                  3                    4 Hardware                    Architectural design    15                  20                    25 Integration                   Software & Hardware   20                  22                    24 Bug fixes                     Integration                   3                    4                      11             a) Draw an activity-on-node...
Find the standard score for the given data value A data value in the 50st percentile...
Find the standard score for the given data value A data value in the 50st percentile      A. 1     B. 0     C. 0.5 D. -1 5 points Question 2 Find outlier in given sample data -10 2 5 6 3.1 4 6 1      A. 6     B. 1     C. -10     D. 2 5 points Question 3 Find the range for the given sample data: 2 4 4.5 15.5 10.3 12 7      A. 5    ...
The estimated times and immediate predecessors for activities in a project  are given below in the table....
The estimated times and immediate predecessors for activities in a project  are given below in the table. Assume that the activity time  are independent. Task                            Predecessor                   Optimistic   Most Likely   Pessemistic                                                                                Time (wks)    time (wks)     time (wks) Architectural design                           --           10                  30                    45 Software                      Architectural design     13                  15                    23 Compilg                      Software                          2                    3                      4 Hardware                    Architectural design     15                  20                    25 Integration                  Software & Hardware   20                  22                    24 Bug fixes                     Integration                    3                    4                      11              a)  Draw an activity-on-node network diagram for this project. b) Identify the critical path and estimate the expected time to complete the project. c)  What is the probability of finishing this project in 77 weeks?
Given the data in the spreadsheet below, what is the probability of completing the critical path...
Given the data in the spreadsheet below, what is the probability of completing the critical path of the project in 34 or more time units? Activity Preceded By Optimistic Time Most Likely Time Pessimistic Time A None 12.89 15.25 18.21 B None 14.17 15.61 18.13 C A and B 12.33 14.2 17.98 D A and B 14.84 17.64 20.53
Below is a data set presented in a Frequency Table Data Value Frequency Data value. Frequency...
Below is a data set presented in a Frequency Table Data Value Frequency Data value. Frequency    2 64 4 68 9 18 10 33 14 117 Find the following for the data set above: a.) Mode = b.) Median = c.) Mean = (Round to TWO decimal places)
The data below are estimated for the project study of a certain business investment. If money...
The data below are estimated for the project study of a certain business investment. If money is worth 12%, what is the difference in Present Worth between the alternatives? Alternative A: The initial investment is $3,500, with an annual revenue of $1,900. Annual disbursement amounts to $645 with no salvage value at the end of its life, which is 4 years. Alternative B: The initial investment is $5,000 with an annual revenue of $2,500. Annual disbursements is $1,383 with no...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT