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Statistics
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Statistics for Managers
Quiz 7: Sampling and Sampling Distributions
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Question 1
Multiple Choice
The standard error of the mean
Question 2
Multiple Choice
Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in 2009. Suppose a sample of 100 major league players was taken. Find the approximate probability that the mean salary of the 100 players exceeded $3.5 million.
Question 3
Multiple Choice
Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in 2009. Suppose a sample of 100 major league players was taken. What was the standard error for the sample mean salary?
Question 4
Multiple Choice
Major league baseball salaries averaged $3.26 million with a standard deviation of $1.2 million in 2009. Suppose a sample of 100 major league players was taken. Find the approximate probability that the mean salary of the 100 players exceeded $4.0 million.
Question 5
Multiple Choice
Suppose the ages of students in Statistics 101 follow a skewed-right distribution with a mean of 23 years and a standard deviation of 3 years. If we randomly sampled 100 students, which of the following statements about the sampling distribution of the sample mean age is incorrect?
Question 6
Multiple Choice
Suppose a sample of n = 50 items is drawn from a population of manufactured products and the weight, X, of each item is recorded. Prior experience has shown that the weight has a probability distribution with μ = 6 ounces and σ= 2.5 ounces. Which of the following is true about the sampling distribution of the sample mean if a sample of size 15 is selected?
Question 7
Short Answer
The distribution of the number of loaves of bread sold per day 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 days has been selected. What is the approximate probability that the average number of loaves sold in the sampled days exceeds 7,895 loaves?
Question 8
Multiple Choice
Sales prices of baseball cards from the 1960s are known to possess a skewed-right distribution with a mean sale price of $5.25 and a standard deviation of $2.80. Suppose a random sample of 100 cards from the 1960s is selected. Describe the sampling distribution for the sample mean sale price of the selected cards.
Question 9
Multiple Choice
Selection of raffle tickets from a large bowl is an example of
Question 10
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 11
Multiple Choice
The Central Limit Theorem is important in statistics because
Question 12
True/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.