Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

According to The Earth: Structure, Composition and Evolution for earthquakes with a magnitude of 7.5 or greater on the Richter scale, the time between successive earthquakes has a mean of 437 days and a standard deviation of 399 days. Suppose that you observe a sample of four times between successive earthquakes that have a magnitude of7.5 or greater on Richter scale.

Part (a): On average, what would you expect to be the mean of the four times?

Part (b): How much variation would you expect from your answer in part (a)?

Short Answer

Expert verified

Part (a): On an average the mean of the four times in the sample will be equal to 437 days since the mean of all possible sample mean is equal to population mean.

Part (b): The variation that is expected from the answer in part (a) is±598.5days.

Step by step solution

01

Part (a) Step 1. Given information.

Consider the given question,

Population consists of earthquakes with magnitude of 7.5 hours a greater on Richter scale.

Population mean time between two earthquakes μ=437days.

Population of standard deviation,σ=399days.

The sample size isn=4.

02

Part (a) Step 2. Determine the mean of the four times.

Assume the sample mean time between two earthquakes is denoted by x.

Then, mean of role="math" localid="1652625040620" x=μ=437days

This mean, on an average we can expect that mean of the four times in the sample will be equal to 437 days since the mean of all possible sample mean is equal to population meanμ.

03

Part (b) Step 1. Determine the variation.

Standard deviation of all possible mean σx,

=σn=3994=199.5days

We can expect ±3σxvariation from the mean of x, i.e., from population mean μ.

That is expected amount of variation from,

x=±3σx=±3σn=±3×199.5=±598.5

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Teacher Salaries. Data on salaries in the public school system are published annually in Ranking of the States and Estimates of School Statistics by the National Education Association. The mean annual salary of (public) classroom teachers is \(55.4thousand. Assume a standard deviation of \)9.2thousand. Do the following tasks for the variable "annual salary" of classroom teachers.

a. Determine the sampling distribution of the sample mean for samples of size 64Interpret your answer in terms of the distribution of all possible sample mean salaries for samples of 64classroom teachers.

b. Repeat part (a) for samples of size256

c. Do you need to assume that classroom teacher salaries are normally distributed to answer parts (a) and (b)? Explain your answer.

d. What is the probability that the sampling error made in estimating the population means salary of all classroom teachers by the mean salary of a sample of 64classroom teachers will be at most \(1000?

e. Repeat part (d) for samples of size\)256

Women at Work. In the article "Job Mobility and Wage Growth" (Monthly Labor Review. Vol. 128. No. 2, pp. 33-39).

A. Light examined data on employment and answered questions regarding why workers separate from their employers. According to the article, the standard deviation of the length of time that women with one job are employed during the first 8 years of their career is 92 weeks. Length of time employed during the first 8 years of a career is a left-skewed variable. For that variable, do the following tasks.

a. Determine the sampling distribution of the sample mean for simple random samples of 50 women with one job. Explain your reasoning.

b. Obtain the probability that the sampling error made in estimating the mean length of time employed by all women with one job by that of a random sample of 50 such women will be at most 20 weeks.

Loan Amounts. B. Ciochetti et al. studied mortgage loans in the article "A Proportional Hazards Model of Commercial Mortgage Default with Originator Bias" (Joumal of Real Exfate and Economics, Vol, 27. No. 1. pp. 5-23). According to the article, the loan amounts of loans originated by a large insurance-company lender have a mean of \(6.74 million with a standard deviation of \)15.37 million. The variable "loan amount" is known to have a right-skewed distribution.

a. Using units of millions of dollars, determine the sampling distribution of the sample mean for samples of size 200 . Interpret your result.

b. Repeat part (a) for samples of size 600

c. Why can you still answer parts (a) and (b) when the distribution of loan amounts is not normal, but rather right skewed?

d. What is the probability that the sampling error made in estimating the population mean loan amount by the mean loan amount of a simple random sample of 200 loans will be at most $1 million?

e. Repeat part (d) for samples of size 600

According to the central limit theorem, for a relatively large sample size, the variable x~is approximately normally distributed.

a. What rule of thumb is used for deciding whether the sample size is relatively large?

b. Roughly speaking, what property of the distribution of the variable under consideration determines how large the sample size must be for a normal distribution to provide an adequate approximation to the distribution of x~ ?

Refer to Exercise 7.5 on page 295.

a. Use your answers from Exercise 7.5(b) to determine the mean, μs, of the variable x¯for each of the possible sample sizes.

b. For each of the possible sample sizes, determine the mean, μs, of the variable x¯, using only your answer from Exercise 7.5(a).

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free