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Statistics
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Business Statistics Study Set 1
Quiz 7: Introduction to Sampling Distributions
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Question 21
True/False
The mean of a sampling distribution would be equal to the mean of the population from which the sampling distribution is constructed.
Question 22
True/False
The population of soft drink cans filled by a particular machine is known to be normally distributed with a mean equal to 12 ounces and a standard deviation equal to .25 ounce. Given this information, the sampling distribution for a random sample of n = 25 cans will also be normally distributed with a mean equal to 12 ounces and a standard deviation equal to .05 ounce.
Question 23
True/False
A sampling distribution for a sample of n = 4 is normally distributed with a standard deviation equal to 5. Based on this information, the population standard deviation, σ, is equal to 10 mph.
Question 24
True/False
If you are sampling from a very large population, a doubling of the sample size will reduce the standard error of the sampling distribution by one-fourth.
Question 25
True/False
The Central Limit Theorem is of most use to decision makers when the population is known to be normally distributed.
Question 26
True/False
Sampling error can be eliminated if the sample size is large enough.
Question 27
True/False
A sampling distribution for is the distribution of all possible sample means that could be computed from the possible samples of a given sample size.
Question 28
True/False
One of the things that the Central Limit Theorem tells us is that about half of the sample means will be greater than the population mean and about half will be less.
Question 29
True/False
It is very unlikely that a nonstatistical sample will ever provide less sampling error than a statistical sample of the same size.
Question 30
True/False
The population of incomes in a particular community is thought to be highly right-skewed with a mean equal to $36,789 and a standard deviation equal to $2,490. Based on this, if a sample of size n = 36 is selected, the highest sample mean that we would expect to see would be approximately $38,034.
Question 31
True/False
A sampling distribution is the distribution of the individual values that are included in a sample from a population.
Question 32
True/False
Although the concept of sampling distributions is an important concept in statistics, it is very unlikely that a decision maker will actually construct a sampling distribution in any practical business situation.