Question

In: Statistics and Probability

Please find or gather Statistical data and provide a real-life example of Continuous Random Variables with...

Please find or gather Statistical data and provide a real-life example of Continuous Random Variables with full steps. you may try to conduct your own experiment/survey/data collection for occurrences of events you come across your daily life. the Creativity of the idea will be rewarded for the assignment. you may also use data set from the internet. please solve with full steps and find all thing in Continuous Random Variables such as probability density function, and the expected value in your example is and please provide a table for you answers at the end.

thanks

Solutions

Expert Solution

consider the random variable of, say, the height of  students. This variable can be described by a continuous probability distribution because the height of  students, height of  students could be 4.5 feet, or 6feet, or 5.5 feet, or 5.2384 feet. The point is, the height of  students’s could, in theory, take any value between zero and infinity. Of course, the probability of different values will involve different likelihoods–and the likelihood that the height of  students more than the Empire State Building will be close to nil.

The height of 20 students can be as follows, Number are in feet.

4.127578, 4.140683, 4.762245, 5.454953, 3.870408, 5.740775, 4.547939, 4.718167, 6.875555, 6.162152, 4.182668, 8.096779, 3.526636, 4.648679, 4.474434, 3.756637, 5.129139, 7.834942, 5.471888, 3.244981

Where Expected value or mean is 5.038362 and variance is 1.812698.

The distribution follows a normal density function with mean 5.04 and variance 1.81.


Related Solutions

Please find (online) and explain an example of a real life percentage, and a real life...
Please find (online) and explain an example of a real life percentage, and a real life example of a rate OR ratio. You will want to find examples that come from real research (a Google search will be helpful). How are these statistics useful? What are the limitations of each (if any)? Posts should be approximately 100 words.
Explain the difference between continuous random variables and discrete random variables. please give examples!
Explain the difference between continuous random variables and discrete random variables. please give examples!
Which of these variables are discrete variables, and which are continuous random variables?
Which of these variables are discrete variables, and which are continuous random variables?The number of new accounts established by a salesperson in a year.The time between customer arrivals to a bank automatic teller machine (ATM).The number of customers in Big Nick’s barber shop.The amount of fuel in your car’s gas tank last week.The outside temperature today.
Find an article or generate a data set from a real life example understanding the relationship...
Find an article or generate a data set from a real life example understanding the relationship between two or more variables. Determine the significant and insignificant factors and state why they are significant or not significant. Were there any surprises?
Please provide a real life corporate example that would explain control  in makeing an IT sourcing decision.
Please provide a real life corporate example that would explain control  in makeing an IT sourcing decision.
Provide and example of a real world cash flow statement and what insights you can gather...
Provide and example of a real world cash flow statement and what insights you can gather about the company's financial well being from that cash flow statement
please provide one real-life example of fiscal policy is from the fiscal year 2019? write a...
please provide one real-life example of fiscal policy is from the fiscal year 2019? write a paragprah. Thank you
Please describe three different types of growth strategies and provide a real-life business example of each...
Please describe three different types of growth strategies and provide a real-life business example of each one
what would be the real life example of an elasticity please explain??
what would be the real life example of an elasticity please explain??
descriptively detail how methods and applications of discrete random variables and continuous random variables are used...
descriptively detail how methods and applications of discrete random variables and continuous random variables are used to support areas of industry research, academic research, and scientific research.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT