Question

1. One of the calculations we do this week is the “expected value” or mean of a distribution. a. In your non-math life,...

1. One of the calculations we do this week is the “expected value” or mean of a distribution.

a. In your non-math life, what does “expected” mean to you? Answer in 1 – 5 complete sentences.

b. What does “expected value” mean in a probability/statistics situation? How is it calculated? Answer in complete sentences, please (not math; use words).

2. Suppose we have a Normal distribution with mean 35 and standard deviation 4.

a. Take a few minutes to draw this curve very neatly and accurately. Reference the document “How to Draw a Normal Curve” in this assessment.

Use a separate sheet of paper, or add extra space here, and use a straightedge to draw an axis.

b. Label your curve from part a with the 68-95-99.7 Rule.

c. If we randomly select a value from this Normal model and call that value x, find:

i.              P(x < 30)

ii.             P(x > 30.4)

iii.            P(33 < x < 40)

Make a note about how you’re doing your calculations (Ti-8x, GeoGebra, Excel, etc.) and what you enter.

d. The middle 90% of the Normal curve is between what two values? (We’re looking for a symmetric interval here, so 45% is above the mean and 45% below the mean.)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1.

(a) Expected means likely or which has the possibility to happen. It is  believed to be going to happen or arrive.

(b) The expected value is a predicted value of a variable. It is calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur, and summing all of those values.

2.

4-a 0 47 CHean 9s (About 997% osa-ahons lie, Wittt3(SD) \ 4

(d)

The middle 90% under a bell curve is the middle section of the bell curve that excludes the 5% of the area on the left and 5% of the area on the right.

Add a comment
Know the answer?
Add Answer to:
1. One of the calculations we do this week is the “expected value” or mean of a distribution. a. In your non-math life,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT