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Use the following information to answer the next five exercises: Suppose that a group of statistics students is divided into two groups: business majors and non-business majors. There are 16 business majors in the group and seven non- business majors in the group. A random sample of nine students is taken. We are interested in the number of business majors in the sample. In words, define the random variable \(X.\)

Short Answer

Expert verified
The random variable \( X \) represents the number of business majors in the sample of nine students.

Step by step solution

01

Understand the Scenario

We are dealing with a sample selection problem where students are divided into two groups: business majors and non-business majors. From these two groups, a sample of nine students is selected.
02

Define the Random Variable

The random variable represents a characteristic of interest in a probability scenario. Here, we are interested in the number of business majors in the sample of nine students.
03

Formulate the Random Variable

The random variable \( X \) is defined as the number of business majors present in the nine randomly selected students.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Sample Selection
Sample selection is a critical aspect in probability theory and statistics where a subset of individuals is chosen from a larger population. In this context, the population consists of students divided into two groups: business majors and non-business majors. When dealing with sample selection, it is crucial to understand the method by which the sample is chosen, as it impacts the conclusions drawn from the study.

In our case, a random sample of nine students is selected. This means each student in the entire group has an equal chance of being included in the sample. Random selection is essential to reduce biases, ensuring that the sample is representative of the entire population. This randomness ensures that the insights gained from the sample can be generalized to the whole group, including both business and non-business majors.

Paying attention to how the sample is selected allows for better accuracy and reliability in statistical analysis. It prevents any skewness that might arise if, for instance, only business majors were chosen more often due to a biased selection process.
Business Majors
In this scenario, the term "business majors" refers to students who are specializing in business studies. They form one category within the population of interest. There are 16 business majors in the entire group of students being considered.

Understanding the proportion of business majors compared to the overall number of students helps in setting up the probability study. It informs how likely it is for these students to appear in the selected sample. Knowing there are 16 business majors out of a total of 23 students helps calculate the odds of picking a business major at random from the group.

The categorization of students into majors allows for the analysis of specific groups within the population, revealing insights into how often individuals from that group are represented in random samples. Observing the traits of business majors in different sample settings can provide useful information for educational planning and resource allocation.
Probability Scenario
A probability scenario refers to a situation where outcomes are uncertain, and we are interested in calculating the likelihood of different results. In this example, we aim to find out how many business majors are likely to be in a randomly selected sample of nine students.

The random variable, denoted as \( X \), represents the number of business majors in this sample. We want to determine the probability distribution of \( X \), which describes the chances of \( X \) taking values from 0 to 9. Each value of \( X \) corresponds to counting the business majors in the nine-person sample. By understanding this distribution, we can predict or analyze outcomes under similar circumstances in future samples.

Probability scenarios like this one are vital in many areas, including business and education. They help in making informed decisions by estimating various outcomes and their associated probabilities. With these insights, stakeholders can better comprehend and strategize for different scenarios.

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Most popular questions from this chapter

Use the following information to answer the next eight exercises: The Higher Education Research Institute at UCLA collected data from 203,967 incoming first-time, full-time freshmen from 270 four year colleges and universities in the U.S. 71.3% of those students replied that, yes, they believe that same-sex couples should have the right to legal marital status. Suppose that you randomly pick eight first-time, full-time freshmen from the survey. You are interested in the number that believes that same sex-couples should have the right to legal marital status. What is the probability that at least two of the freshmen reply 鈥測es鈥?

Suppose that the PDF for the number of years it takes to earn a Bachelor of Science (B.S.) degree is given as in Table 4.34. $$\begin{array}{|c|c|}\hline x & {P(x)} \\ \hline 3 & {0.05} \\ \hline 4 & {0.40} \\ \hline 5 & {0.30} \\ \hline 6 & {0.15} \\ \hline 7 & {0.10} \\\ \hline\end{array}$$ On average, how many years do you expect it to take for an individual to earn a B.S.?

A 鈥渇riend鈥 offers you the following 鈥渄eal.鈥 For a \(\$ 10\) fee, you may pick an envelope from a box containing 100 seemingly identical envelopes. However, each envelope contains a coupon for a free gift. 鈥 Ten of the coupons are for a free gift worth \(\$ 6\). 鈥 Eighty of the coupons are for a free gift worth \(\$ 8\). 鈥 Six of the coupons are for a free gift worth \(\$ 12\). 鈥 Four of the coupons are for a free gift worth \(\$ 40\). Based upon the financial gain or loss over the long run, should you play the game? a. Yes, I expect to come out ahead in money. b. No, I expect to come out behind in money. c. It doesn鈥檛 matter. I expect to break even.

Complete the expected value table. $$\begin{array}{|l|l|}\hline x & {P(x)} & {x^{*} P(x)} \\ \hline 0 & {0.2} \\\ \hline 1 & {0.2} \\ \hline 2 & {0.4} \\ \hline 3 & {0.2} \\\ \hline\end{array}$$

Use the following information to answer the next eight exercises: The Higher Education Research Institute at UCLA collected data from 203,967 incoming first-time, full-time freshmen from 270 four year colleges and universities in the U.S. 71.3% of those students replied that, yes, they believe that same-sex couples should have the right to legal marital status. Suppose that you randomly pick eight first-time, full-time freshmen from the survey. You are interested in the number that believes that same sex-couples should have the right to legal marital status. In words, define the random variable \(X\).

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