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Suppose that you are a student aide in the library and agree to be paid according to the "random pay" system. Each week, the librarian flips a coin. If the coin comes up heads, your pay for the week is 80.Ifitcomesuptails,yourpayfortheweekis40. You work for the library for 100 weeks. Suppose we choose an SRS of 2 weeks and calculate your average earnings x-xยฏ. The shape of the sampling distribution of will be

a. Normal.

b. approximately Normal.

c. right-skewed.

d. left-skewed.

e. symmetric but not Normal.

Short Answer

Expert verified

(e). The sample distribution will be symmetric but not normal in shape.

Step by step solution

01

Given Information

The following options are

a. Normal.

b. approximately Normal.

c. right-skewed.

d. left-skewed.

e. symmetric but not Normal.

02

Explanation for correct option

A basic arbitrary sample has a duration of two weeks, with an average duration of two weeks. Because it can get 40$ during the first week, it is twice as likely to get 60$, then 40$, and finally 80$.

As a result, the distribution would be symmetric about $60, but otherwise normal.

As a result, the best solution is (e)

03

Explanation for incorrect option

a. The shape of the sampling distribution of will not be Normal

b. The shape of the sampling distribution of will not be approximately Normal

c. The shape of the sampling distribution of will not be right-skewed.

d. The shape of the sampling distribution of will not be left-skewed .

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At a traveling carnival, a popular game is called the โ€œCash Grab.โ€ In this game, participants step into a sealed booth, a powerful fan turns on, and dollar bills are dropped from the ceiling. A customer has 30 seconds to grab as much cash as possible while the dollar bills swirl around. Over time, the operators of the game have determined that the mean amount grabbed is 13withastandarddeviationof9. They charge \(15 to play the game and expect to have 40 customers at their next carnival.

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