Each member of a random sample of 19 business economists was asked deviation 1.8%. predict the rate of inflation for the coming year. Assume that the predictions for the whole population of business economists follow a normal distribution with standard a. The probability is 0.10 that the sample standard deviation is bigger than what number? b. The probability is 0.001 that the sample standard deviation is less than what number? c. Find any pair of numbers such that the probability that the sample standard deviation that lies between these numbers is 0.999. Click the icon to view a table of lower critical values for the chi-square distribution. Click the icon to view a table of upper critical values for the chi-square distribution. a. The probability that the sample standard deviation is bigger than % is 0.10. (Round two decimal places as needed.) b. The probability that the sample standard deviation is less than % is 0.001. (Round to two decimal places as needed.) c. The probability that the sample standard deviation is between 0% and % is 0.999. (Round to two decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

7.

 

Each member of a random sample of 19 business economists was asked to predict the rate of inflation for the coming year. Assume that the predictions for the whole population of business economists follow a normal distribution with standard
deviation 1.8%.
a. The probability is 0.10 that the sample standard deviation is bigger than what number?
b. The probability is 0.001 that the sample standard deviation is less than what number?
c. Find any pair of numbers such that the probability that the sample standard deviation that lies between these numbers is 0.999.
Click the icon to view a table of lower critical values for the chi-square distribution.
Click the icon to view a table of upper critical values for the chi-square distribution.
a. The probability that the sample standard deviation is bigger than
% is 0.10.
(Round to two decimal places as needed.)
b. The probability that the sample standard deviation is less than % is 0.001.
(Round to two decimal places as needed.)
c. The probability that the sample standard deviation is between 0% and
% is 0.999.
(Round to two decimal places as needed.)
Transcribed Image Text:Each member of a random sample of 19 business economists was asked to predict the rate of inflation for the coming year. Assume that the predictions for the whole population of business economists follow a normal distribution with standard deviation 1.8%. a. The probability is 0.10 that the sample standard deviation is bigger than what number? b. The probability is 0.001 that the sample standard deviation is less than what number? c. Find any pair of numbers such that the probability that the sample standard deviation that lies between these numbers is 0.999. Click the icon to view a table of lower critical values for the chi-square distribution. Click the icon to view a table of upper critical values for the chi-square distribution. a. The probability that the sample standard deviation is bigger than % is 0.10. (Round to two decimal places as needed.) b. The probability that the sample standard deviation is less than % is 0.001. (Round to two decimal places as needed.) c. The probability that the sample standard deviation is between 0% and % is 0.999. (Round to two decimal places as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman