Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024

Rating
-
Sold
-
Pages
9
Grade
A+
Uploaded on
04-10-2024
Written in
2024/2025

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024

Institution
OPERATION RISK MANAGEMENT
Course
OPERATION RISK MANAGEMENT

Content preview

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024
- DUE 4 October 2024

Parameter - (ANSWER)Average household income for all houses in the US, using data from the
US Census.


(a) State whether the quantity described is a parameter or a statistic


μ - (ANSWER)Average household income for all houses in the US, using data from the US
Census.


(b) Give the correct notation.


Statistic - (ANSWER)Proportion of people who use an electric toothbrush, using data from a
sample of 400 adults.


(a) State whether the quantity described is a parameter or a statistic.


p̂ (p-hat) - (ANSWER)Proportion of people who use an electric toothbrush, using data from a
sample of 400 adults.


(b) Give the correct notation.


p - (ANSWER)Proportion of families in the US who were homeless in 2010. The number of
homeless families in 2010 was about 170,000 while the total number of families is given in the
2010 Census at 78 million.


(a) Give the correct notation for the quantity described.

, .00218 - (ANSWER)Proportion of families in the US who were homeless in 2010. The number
of homeless families in 2010 was about 170,000 while the total number of families is given in
the 2010 Census at 78 million.


(b) Give the value of the quantity described. Round your answer to five decimal places.


μ = 85, SE = 20 - (ANSWER)Figure 1 shows sample means from 500 samples of size n equals
30 from a population. Estimate the value of the population parameter and estimate the standard
error for the sample statistic. Round your answers to the nearest integer.


(See: https://imgur.com/djfsbzx)


x̄ = 70: reasonably likely to occur
x̄ = 100: reasonably likely to occur
x̄ = 140: unusual but might occur occasionally - (ANSWER)Using the sampling distribution
shown in Figure 1, indicate whether each sample proportion is (i) reasonably likely to occur from
a sample of n equals 30, (ii) unusual but might occur occasionally, or (iii) extremely unlikely to
ever occur.


(See: https://imgur.com/djfsbzx)


n = 20: Graph A
n = 100: Graph B
n = 500: Graph C - (ANSWER)The US Census indicates that 35 % of US residents are less than
25 years old. Figure 1 shows possible sampling distributions for the proportion of a sample less
than 25 years old, for samples of size n = 20, n = 100, and n = 500.


(See: https://imgur.com/WkerzRP)


(a) Which distribution goes with which sample size?

Written for

Institution
OPERATION RISK MANAGEMENT
Course
OPERATION RISK MANAGEMENT

Document information

Uploaded on
October 4, 2024
Number of pages
9
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$4.79
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
tivakiok HAVARD UNIVERSITY
Follow You need to be logged in order to follow users or courses
Sold
25
Member since
1 year
Number of followers
2
Documents
1010
Last sold
1 month ago

2.9

8 reviews

5
3
4
1
3
0
2
0
1
4

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions