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Officer Salaries. The following table gives the monthly salaries (in \(1000) of the six officers of a company.

a. Calculate the population mean monthly salary,μ

There are 15possible samples of size 4from the population of six officers. They are listed in the first column of the following table.

b. Complete the second and third columns of the table.

c. Complete the dot plot for the sampling distribution of the sample mean for samples of size 4Locate the population means on the graph.

d. Obtain the probability that the mean salary of a random sample of four officers will be within 1 (i.e., \)1000) of the population mean.

Short Answer

Expert verified

Part (a) The average officer pay in the population is $18000

Part (b)

SampleSalaries
A,B,C,D&,12,16,2014
A,B,C,E
&,12,16,2415
A,B,C,F
&,12,16,2816
A,B,D,E
&,12,20,2416
A,B,D,F
&,12,20,2817
A,B,E,F
&,12,24,2818
A,C,D,F
&,16,20,288+16+20+28/4=18
A,C,D,E&16,20,248+16+20+24/4=17
A,C,E,F&,16,24,288+16+24+28/4=19
A,C,D,F&,20,24,288+20+24+28/4=20
B,C,D,F12,16,20,2812+16+20+28/4=19
B,C,E,F12,16,24,2812+16+24+28/4=20
B,D,E,F12,20,24,2812+20+24+28/4=21
C,D,E,F16,20,24,2816+20+24+28/4=22
B,C,D,E12,16,20,2412+16+20+24/4=18

Part (c) Each dot (·)represents a sample mean

Part (d) 0.467

Part (e) 18

Part (f) yes.

Step by step solution

01

Part (a) Step 1: Given information

The following table gives the monthly salaries (in$1000s) of the six officers of a company.

OfficerSalaries
A8
B12
C16
D20
E24
F28
02

Part (a) Step 2: Calculation

The population mean monthly salary μ

=8+12+16+20+24+286=1086=18

As a result, the average officer pay in the population is $18000

03

Part (b) Step 1: Explanation

04

Part (c) Step 1: Explanation

Dot plot showing sample mean sampling distribution

Each dot (·) represents a sample mean

05

Part (d) Step 1: Calculation

We can observe from the dot plot that there are 7sample means within 1unit of μ

The total number of possible sample means (i.e., the total number of samples is 15)

As a result, the probability that a random sample of size 4'smean wage will be within 1unit (i.e., $1000) of the population mean μ

=Number of sample means within1unit ofμNumber of all possible of size4from population of=715=0.467(approximately)

06

Part (e) Step 1: Calculation

The mean of all possible sample means

=μx¯=14+15+16+16+17+18+17+18+19+20+18+19+20+21+2215=27015=18

The average of all potential sample means salaries of four officers drawn from a population of six officers is $1800, which is the population mean wage.

07

Part (f) Step 1: Explanation

Yes, we can get the mean of the variable x¯ without doing part(e), because the mean of all alternative means for a certain sample size is always equal to the population mean, i.e., μx=μ

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Most popular questions from this chapter

7.48 Menopause in Mexico. In the article "Age at Menopause in Puebla. Mexico" (Human Biology, Vol. 75, No, 2, Pp. 205-206), authors L. Sievert and S. Hautaniemi compared the age of menopause for different populations. Menopause, the last menstrual period, is a universal phenomenon among females. According to the article, the mean age of menopause, surgical or natural, in Puebla, Mexico is 44.8years with a standard deviation of 5.87years. Let x~denote the mean age of menopause for a sample of females in Puebla, Mexico.
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