Use the Normal to model the distribution of sample proportions.
-The owner of a small convenience store is trying to decide whether to discontinue
Selling magazines. He suspects that only 5% of the customers buy magazines and thinks
That he might be able to sell something more profitable. Before making a final decision,
He keeps track of the number of customers who buy magazines on a given day. In a
Typical day his store has 280 customers. Would it be unusual for 28 customers to
Purchase magazines?
A) No, because it is close to the average number expected.
B) No, because it represents 10% of the customers who come to the store on a typical day.
C) Yes, because it is more than three standard deviations above the mean of the sampling distribution.
D) Yes, because it is two standard deviations below the mean of the sampling distribution.
E) No, because it is only 5% higher than the mean of the sampling distribution.
Correct Answer:
Verified
Q10: Compute the standard error of a sampling
Q11: Use the Normal to model the distribution
Q12: Apply the Central Limit Theorem.
-A small business
Q13: Use the Normal to model the distribution
Q14: Use the Normal to model the distribution
Q15: Compute the standard error of a sampling
Q17: Use the Normal to model the distribution
Q18: Use the Normal to model the distribution
Q19: Apply the Central Limit Theorem.
-In a metal
Q20: Use the Normal to model the distribution
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