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Send money, again The philanthropic organization in Exercise 1 expects about a 5%

Stats Modeling the World | 4th Edition | ISBN: 9780321854018 | Authors: David E. Bock, Paul F. Velleman, Richard D. De Veaux ISBN: 9780321854018 481

Solution for problem 7 Chapter 17

Stats Modeling the World | 4th Edition

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Stats Modeling the World | 4th Edition | ISBN: 9780321854018 | Authors: David E. Bock, Paul F. Velleman, Richard D. De Veaux

Stats Modeling the World | 4th Edition

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Problem 7

Send money, again The philanthropic organization in Exercise 1 expects about a 5% success rate when they send fundraising letters to the people on their mailing list. In Exercise 1 you looked at the histograms showing distributions of sample proportions from 1000 simulated mailings for samples of size 20, 50, 100, and 200. The sample statistics from each simulation were as follows: a) According to the Central Limit Theorem, what should the theoretical mean and standard deviations be for these sample sizes? b) How close are those theoretical values to what was observed in these simulations? c) Looking at the histograms in Exercise 1, at what sample size would you be comfortable using the Normal model as an approximation for the sampling distribution? d) What does the Success/Failure Condition say about the choice you made in part c?

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ch 3 Monday, May 23, 2016 12:42 PM prob and stats Page 1 prob and stats Page 2 prob and stats Page 3 prob and stats Page 4 prob and stats Page 5 prob and stats Page 6 prob and stats Page 7 Write out sample space for both together in order to find the individual probabilties. For all x,y in R^2 p

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Chapter 17, Problem 7 is Solved
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Textbook: Stats Modeling the World
Edition: 4
Author: David E. Bock, Paul F. Velleman, Richard D. De Veaux
ISBN: 9780321854018

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Send money, again The philanthropic organization in Exercise 1 expects about a 5%