In: Statistics and Probability
Suppose you are looking at the population of 8,000 students that
are freshman at UTEP. You...
Suppose you are looking at the population of 8,000 students that
are freshman at UTEP. You want to determine on average how many
hours a week they work each week. Let’s call that number ?. You
decide to take a sample of 100 of them.
- 1) How many data points are there in this space?
- 2) How many ways can you choose your subest of 100 students? Is
it greater or less than the answer above.
- 3) How do you calculate the “point estimate” of one of those
subsets of 100 students?
- 4) How many actual subsets of 100 students do you have as a
researcher?
- 5) What does the Central Limit Theorem say about all the
possible point estimates that can occur from the possible
100-student subsets? Draw a graph.
- 6) What value is the center of that curve? Please label it on
the graph above.
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 discussed in question 5) above?
- 3) What is the standard deviation in our example?
- 4) What is the probability that a randomly picked sample has a
point estimate within .5 of
the actual mean ??
- 5) What is the probability that a randomly picked sample has a
point estimate within 1 of
the actual mean ??
- 6) Do you know whether our point estimate is higher or lower
than the mean?