In the data set ( joined file), Use the July#Sales ( column F) variable for this exercise. Suppose someone claims the population mean is 23, and the standard deviation is 4.5
PART 1 - For now, you assume both of the claims about the population are correct.
1a. Given the assumed pop. mean and st.dev, calculate the
probability of observing a value above the number for your first
data point in your file.
1b. Suppose you collected 8 new data points in a new sample.
Calculate the probability that the mean of these 8 new data points
is above the number for your first data point in your file.
1c. If this is a normally distributed variable, above what value
should you find 70% of data points? How many of the values from
your data set are above this value?
1d. If this is a normally distributed variable, between what two
numbers (centered around the assumed mean) should you find 68% of
data points? What percentage of your data points are between these
numbers?
1e. Think about your answers to 1c and 1d. Does this variable
appear to be normally distributed with this mean and standard
deviation?
a)
b)
c)
So above 20.64, we will have 70% of the data.
We have 31 data points above this value, which is 57.4 %
d)
We have 25 data points within this interval in our data set, which is 46.29%
e)
Given our values in the above two parts and the proportion of values that are in those intervals, its seems hard to believe that the data follows a normal distribution.
Below is the data of July $sales.
July$Sales |
10 |
10 |
12 |
13 |
13 |
13 |
14 |
14 |
14 |
15 |
15 |
16 |
16 |
16 |
17 |
17 |
17 |
17 |
20 |
20 |
20 |
20 |
21 |
21 |
21 |
21 |
22 |
22 |
23 |
24 |
24 |
25 |
25 |
25 |
25 |
25 |
25 |
26 |
26 |
26 |
26 |
27 |
27 |
29 |
29 |
29 |
31 |
31 |
32 |
35 |
36 |
36 |
37 |
In the data set ( joined file), Use the July#Sales ( column F) variable for this exercise. Suppos...
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