Examine the Given Data Set and Determine Whether the Requirement

question 133

Essay

Examine the given data set and determine whether the requirement of a normal distribution is satisfied. Assume that the requirement for a normal distribution is loose in the sense that the population distribution need not be exactly normal, but it must have a distribution which is basically symmetric with only one mode. Explain why you do or do not think that the requirement is satisfied.
-The heart rates (in beats per minute) of 30 randomly selected students are given below. $$\begin{array} { l l l l l } 78 & 64 & 69 & 75 & 80 \\63 & 70 & 72 & 72 & 68 \\77 & 71 & 74 & 84 & 70 \\62 & 67 & 71 & 69 & 58 \\74 & 70 & 80 & 63 & 88 \\60 & 68 & 69 & 70 & 71\end{array}$$

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Definitions:

Common-value Auction

An auction format where the item for sale is of the same value to all bidders, but the bidders may have different information about the item's actual value.

Oral Auctions

Competitive bidding events where bids are made verbally in real-time, often conducted by an auctioneer.

Withhold Information

The act of intentionally not sharing information that could be relevant or necessary.

Common Value Auctions

Auctions in which the item for sale has the same value to all bidders, but the bidders have different information about the item's actual value.