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Statistics
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Statistics for Managers
Quiz 7: Sampling Distributions
Path 4
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Question 1
Multiple Choice
Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in a recent year.Suppose a sample of 100 major league players was taken.What was the standard error for the sample mean salary?
Question 2
Multiple Choice
For air travelers,one of the biggest complaints is of the waiting time between when the airplane taxis away from the terminal until the flight takes off.This waiting time is known to have a right skewed distribution with a mean of 10 minutes and a standard deviation of 8 minutes.Suppose 100 flights have been randomly sampled.Describe the sampling distribution of the mean waiting time between when the airplane taxis away from the terminal until the flight takes off for these 100 flights.
Question 3
Short Answer
A sample that does not provide a good representation of the population from which it was collected is referred to as a(n)________ sample.
Question 4
Short Answer
The distribution of the number of loaves of bread sold per week by a large bakery over the past 5 years has a mean of 7,750 and a standard deviation of 145 loaves.Suppose a random sample of n = 40 weeks has been selected.What is the approximate probability that the mean number of loaves sold in the sampled weeks exceeds 7,895 loaves?
Question 5
True/False
True or False: The Central Limit Theorem is considered powerful in statistics because it works for any population distribution provided the sample size is sufficiently large and the population mean and standard deviation are known.