When they send out their fundraising letter, a philanthropic organization typically gets a return from about 5% of the people on their mailing list. To see what the response rate might be for future appeals, they did a simulation using samples of size 20, 50, 100, and 200. For each sample size they simulated 1000 mailings with success rate p=0.05 and constructed the histogram of the 1000 sample proportions, shown in the accompanying link. Explain what these histograms say about the sampling distribution model for sample proportions. Be sure to talk about shape, center. and spread. Click the icon to view histograms of the simulations. Discuss how the shape changes with sample size. OA. The distributions for small samples are left-skewed but are more symmetric as n increases. OB. The distributions for small samples are right-skewed and get more left-skewed as n increases. OC. The distributions for small samples are right-skewed but are more symmetric as n increases. OD. The distributions for small samples are left-skewed and get more right-skewed as n increases. O E. The shape does not change with sample size. Histograms of the Simulations Samples of Size 20 400- Samples of Size 5 300- X
When they send out their fundraising letter, a philanthropic organization typically gets a return from about 5% of the people on their mailing list. To see what the response rate might be for future appeals, they did a simulation using samples of size 20, 50, 100, and 200. For each sample size they simulated 1000 mailings with success rate p=0.05 and constructed the histogram of the 1000 sample proportions, shown in the accompanying link. Explain what these histograms say about the sampling distribution model for sample proportions. Be sure to talk about shape, center. and spread. Click the icon to view histograms of the simulations. Discuss how the shape changes with sample size. OA. The distributions for small samples are left-skewed but are more symmetric as n increases. OB. The distributions for small samples are right-skewed and get more left-skewed as n increases. OC. The distributions for small samples are right-skewed but are more symmetric as n increases. OD. The distributions for small samples are left-skewed and get more right-skewed as n increases. O E. The shape does not change with sample size. Histograms of the Simulations Samples of Size 20 400- Samples of Size 5 300- X
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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