how do i solve these in excel?
Mean value is calculated by
Where X = given data values
n = number of data
Here mean
= ( 23+29+33+54+65+49+25+35+45+58+37+44+36+27+18+32)/16
= 610/16
= 38.125
= 38.1
b) sampling error for first 4 games mean of first four games is
sample = (23+29+33+54)/4
= 139/4
= 34.75
= 34.7
Sampling error = sample -
. = 34.7- 38.1
= - 3.4
c) considering first 8 games in the first row
sample = (23+29+33+54+65+49+25+35)/8
= 39.125
= 39.1
Sampling error = 39.1- 38.1
= 1.0
d) we know that in general increasing the sample size makes the sampling error smaller .Hence answer is C
e) largest sampling error that a 4 group sample can produce is with largest sample mean .In order to get largest sample mean use large sample values hence taking 4 large sample
65 , 58 , 54 , 49
sample = (65+58+54+49)/4
= 226/4
= 56.5
Largest sampling error = 56.5- 38.1
= 18.4
We know margin error can be calculated as
ME =
t* = 2.576 because given 99% interval
n = sample size
= standard deviation
= 75
a). ME = 15
= t* 75/15
= 2.576×75 /15
= 12.88
n = 12.882
=165.89
= 166
b). ME = 25
= 2.576× 75/25
= 7.728
n = 7.7282
= 59.7
= 60
c) . ME = 30
= 2.576× 75 /30
= 6.44
n = 6.442
= 41.5
= 42
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