Answered: Use the Central Limit Theorem to find…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

See similar textbooks

Question content area bottom

Part 1

The mean of the distribution of sample means is

enter your response here.

Part 2

The standard deviation of the distribution of sample means is

enter your response here.

(Type an integer or decimal rounded to three decimal places as needed.)

Part 3

Sketch a graph of the sampling distribution. Choose the correct answer below.

-3 0 3Mean price (in $)

A bell shaped curve is over a horizontal x overbar axis labeled Mean price (in dollars) from negative 3 to 3 in increments of 1 and is centered on 0.

238 241 244Mean price (in $)

A bell shaped curve is over a horizontal x overbar axis labeled Mean price (in dollars) from 238 to 244 in increments of 1 and is centered on 241.

205277241 Mean price (in $)

A bell shaped curve is over a horizontal x overbar axis labeled Mean price (in dollars) from 205 to 277 in increments of 12 and is centered on 241. All values are approximate.

31 241 451Mean price (in $)

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Expert Solution