Modern Business Statistics with Microsoft Excel (MindTap Course List)
Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
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Chapter 7.2, Problem 1E

Consider a finite population with five elements labeled A, B, C, D, and E. Ten possible simple random samples of size 2 can be selected.

  1. a. List the 10 samples beginning with AB, AC, and so on.
  2. b. Using simple random sampling, what is the probability that each sample of size 2 is selected?
  3. c. Suppose we use Excel’s RAND function to assign random numbers to the five elements: A (.7266), B (.0476), C (.2459), D (.0957), E (.9408). List the simple random sample of size 2 that will be selected by using these random numbers.
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Chapter 7 Solutions

Modern Business Statistics with Microsoft Excel (MindTap Course List)

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