The student will demonstrate and compare properties of the central limit theorem.
Note
This lab works best when sampling from several classes and combining data.
Collect the data
Count the change in your pocket. (Do not include bills.)
Randomly survey 30 classmates. Record the values of the change in
[link] .
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Construct a histogram. Make five to six intervals. Sketch the graph using a ruler and pencil. Scale the axes.
Calculate the following (
n = 1; surveying one person at a time):
= _______
s = _______
Draw a smooth curve through the tops of the bars of the histogram. Use one to two complete sentences to describe the general shape of the curve.
Collecting averages of pairs
Repeat steps one through five of the section
Collect the Data. with one exception. Instead of recording the change of 30 classmates, record the average change of 30 pairs.
Randomly survey 30
pairs of classmates.
Record the values of the average of their change in
[link] .
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Construct a histogram. Scale the axes using the same scaling you used for the section titled
Collect the Data . Sketch the graph using a ruler and a pencil.
Calculate the following (
n = 2; surveying two people at a time):
= _______
s = _______
Draw a smooth curve through tops of the bars of the histogram. Use one to two complete sentences to describe the general shape of the curve.
Collecting averages of groups of five
Repeat steps one through five (of the section titled
Collect the Data ) with one exception. Instead of recording the change of 30 classmates, record the average change of 30 groups of five.
Randomly survey 30
groups of five classmates.
Record the values of the average of their change.
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Construct a histogram. Scale the axes using the same scaling you used for the section titled
Collect the Data . Sketch the graph using a ruler and a pencil.
Calculate the following (
n = 5; surveying five people at a time):
= _______
s = _______
Draw a smooth curve through tops of the bars of the histogram. Use one to two complete sentences to describe the general shape of the curve.
Discussion questions
Why did the shape of the distribution of the data change, as
n changed? Use one to two complete sentences to explain what happened.
In the section titled
Collect the Data , what was the approximate distribution of the data?
X ~ _____(_____,_____)
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?
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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