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Statistics for Business and Economics Study Set 2
Quiz 7: Sampling and Sampling Distributions
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Question 41
Multiple Choice
The purpose of statistical inference is to provide information about the
Question 42
Multiple Choice
From a population of 500 elements, a sample of 225 elements is selected. It is known that the variance of the population is 900. The standard error of the mean is approximately
Question 43
Multiple Choice
A simple random sample of 64 observations was taken from a large population. The sample mean and the standard deviation were determined to be 320 and 120 respectively. The standard error of the mean is
Question 44
Multiple Choice
A random sample of 150 people was taken from a very large population. Ninety of the people in the sample were female. The standard error of the proportion is
Question 45
Multiple Choice
The sample statistic, such as
, s, or
, that provides the point estimate of the population parameter is known as
Question 46
Multiple Choice
Random samples of size 81 are taken from an infinite population whose mean and standard deviation are 200 and 18, respectively. The distribution of the population is unknown. The mean and the standard error of the mean are
Question 47
Multiple Choice
A theorem that allows us to use the normal probability distribution to approximate the sampling distribution of sample means and sample proportions whenever the sample size is large is known as the
Question 48
Multiple Choice
Random samples of size 49 are taken from a population that has 200 elements, a mean of 180, and a variance of 196. The distribution of the population is unknown. The mean and the standard error of the mean are