Examlex

Solved

IQs of Individuals Are Normally Distributed with a Mean of 100

question 24

Essay

IQs of individuals are normally distributed with a mean of 100 and a standard deviation of 16. If you sampled students at your college and assumed, as the null hypothesis, that they had the same IQ as the population, then in a random sample of size
(a)n = 25, find Pr( Yˉ\bar { Y } < 105).
(b)n = 100, find Pr( Yˉ\bar { Y } > 97).
(c)n = 144, find Pr(101 < Yˉ\bar { Y } < 103).


Definitions:

Either-Or Decision

An either-or decision refers to a choice between two mutually exclusive options, where selecting one means forgoing the other.

Accounting Profit

The net income for a company calculated by subtracting total expenses from total revenues.

Economic Profit

The total revenue of a business minus its explicit and implicit costs, representing the total benefit to the owner beyond all opportunity costs.

Political Consultant

A professional advisor who helps politicians with campaign management, public relations, and strategic advice.

Related Questions