EXST 2201 EXAM 2 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED ++
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Course
EXST 2201
Institution
EXST 2201
EXST 2201 EXAM 2 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED GRADED ++
[know] To make an important decision in life, we want to know what type of information from statistics?
population information
Why does the population contain more information than a sample?
population has more da...
Please abstract the situation below by matching the symbols with their
appropriate numbers.
An engineer was responsible for 5 machines making ball bearings that were
supposed to be 1.2 cm in diameter with standard deviation of 0.01 cm. He
suspected that one of the machines was making too small ball bearings, so he
,measured 37 ball bearings from this machine and found an average diameter of
1.15 cm with a standard deviation of 0.015 cm.
1.15 = x̄ 0.01 = σ 1.15 = s1 .2 = μ
Zillow lists the average home price in our area as $215,816 with a standard
deviation of $21,500. To find out if this was still true, a real estate professional
collected the data for 58 recently sold homes and found an average of $235,000
with a standard deviation of $23,500.
215,816 = μ (population mean)23,500 = s (sample standard deviation)21,500 = σ
(population standard deviation)235,000 = x̄ (sample mean)
What are the major tools used in the Theorize step?
schematic curve, probability table and transformation equation.
What occurs in the Analyze step?
the calculations for the method chosen
What occurs in the Infer step?
Inferring a population value from a sample value.
Please select an appropriate end result for the following two steps of the General
Method for Solving Problems in Statistics.
theorize step- a t-value coming from probability
analyze step- a t value coming from the sample
Please select the two most important inferential statistical methods.
Confidence intervals.
Hypothesis tests.
, In the process of inference, please select the most appropriate answer to the
questions below.
What is a sample average?
What is a confidence interval?.
Sample average = A point estimate of the population mean
Confidence interval = An interval estimate of the population mean
Please select how often the statistics below capture the value of the population
mean.
sample avg-almost neva
confidence int- an interval estimate of the pop mean
What value is in the middle of a confidence interval?
The value of the sample average
Why does the field of statistics need the method of confidence intervals?
Because we have uncertain data and the population mean cannot be known
What prior knowledge is the logic of a confidence interval based on?
The sample dist of the sample average
Is the interval below a proper denotation of a confidence interval?
no bc the values in the parentheses must go from highest to lowest to highest
Please match each summary number with what information probability can add.
Sample average (x̄) = A range of likely values for the population mean
Population mean (μ) = A range of likely values for the sample average
The confidence limits in a confidence interval are just the x-values of a middle
body area in the schematic curve.
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