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Normal distribution (lap times)

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    Student learning outcome

  • The student will compare and contrast empirical data and a theoretical distribution to determine if Terry Vogel's lap times fit a continuous distribution.

Directions

Round the relative frequencies and probabilities to four decimal places. Carry all other decimal answers to two places.

    Collect the data

  1. Use the data from Appendix C . Use a stratified sampling method by lap (races 1 to 20) and a random number generator to pick six lap times from each stratum. Record the lap times below for laps two to seven.
    _______ _______ _______ _______ _______ _______
    _______ _______ _______ _______ _______ _______
    _______ _______ _______ _______ _______ _______
    _______ _______ _______ _______ _______ _______
    _______ _______ _______ _______ _______ _______
    _______ _______ _______ _______ _______ _______
  2. Construct a histogram. Make five to six intervals. Sketch the graph using a ruler and pencil. Scale the axes.
    Blank graph with relative frequency on the vertical axis and lap time on the horizontal axis.
  3. Calculate the following:
    1. x ¯ = _______
    2. s = _______
  4. Draw a smooth curve through the tops of the bars of the histogram. Write one to two complete sentences to describe the general shape of the curve. (Keep it simple. Does the graph go straight across, does it have a v-shape, does it have a hump in the middle or at either end, and so on?)

Analyze the distribution

Using your sample mean, sample standard deviation, and histogram to help, what is the approximate theoretical distribution of the data?

  • X ~ _____(_____,_____)
  • How does the histogram help you arrive at the approximate distribution?

Describe the data

Use the data you collected to complete the following statements.

  • The IQR goes from __________ to __________.
  • IQR = __________. ( IQR = Q 3 Q 1 )
  • The 15 th percentile is _______.
  • The 85 th percentile is _______.
  • The median is _______.
  • The empirical probability that a randomly chosen lap time is more than 130 seconds is _______.
  • Explain the meaning of the 85 th percentile of this data.

Theoretical distribution

Using the theoretical distribution, complete the following statements. You should use a normal approximation based on your sample data.

  • The IQR goes from __________ to __________.
  • IQR = _______.
  • The 15 th percentile is _______.
  • The 85 th percentile is _______.
  • The median is _______.
  • The probability that a randomly chosen lap time is more than 130 seconds is _______.
  • Explain the meaning of the 85 th percentile of this distribution.

Discussion questions

Do the data from the section titled Collect the Data give a close approximation to the theoretical distribution in the section titled Analyze the Distribution ? In complete sentences and comparing the result in the sections titled Describe the Data and Theoretical Distribution , explain why or why not.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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