Posted: April 13th, 2023

Probability And Statistics For Business And Economics essay

27 questions.
Please read the questions and answer correctly.
I have attached The Excel files separately (Bonus).

Question 1 2 pts
Q1. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population mean for the annual bonus?

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Question 2 2 pts
Q2. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate, to the nearest whole number, of the population mean for the annual bonus?

Flag question: Question 3
Question 3 2 pts
Q3. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population standard deviation for the annual bonus?

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Question 4 2 pts
Q4. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate, to the nearest whole number, of the population standard deviation for the annual bonus?

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Question 5 2 pts
Q5. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population proportion, to two decimal places, of the employees with graduate degrees?

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Question 6 2 pts
Q6. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate of the population proportion, to two decimal places, of the employees with graduate degrees?

Flag question: Question 7
Question 72 pts
Q7. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population proportion, to two decimal places, of the employees without graduate degrees?

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Question 82 pts
Q8. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate of the population proportion, to two decimal places, of the employees without graduate degrees?

Flag question: Question 9
Question 92 pts
Q9. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population proportion, to two decimal places, of the employees who feel disappointed with their bonus?

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Question 102 pts
Q10. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate of the population proportion, to two decimal places, of the employees who feel disappointed with their bonus?

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Question 112 pts
Q11. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the population proportion, to two decimal places, of the employees who feel very satisfied with their bonus?

Flag question: Question 12
Question 122 pts
Q12. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the point estimate of the population proportion, to two decimal places, of the employees who feel very satisfied with their bonus?

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Question 132 pts
Q13. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the expected value of x-bar for the bonus?

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Question 142 pts
Q14. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the calculated finite population correction factor, to two decimal places, for the bonus?

Flag question: Question 15
Question 152 pts
Q15. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. Given the data and the sample, what value should be used for the finite population correction factor, for the bonus?

Flag question: Question 16
Question 162 pts
Q16. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. If multiple similar random samples are taken, what is the value of the standard error of the mean of the bonus, to two decimal places?

Flag question: Question 17
Question 172 pts
Q17. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the probability, to two decimal places, that the sample mean of the bonus computed from a random sample of 50 employees, will be within $100 of the population mean of the bonus?

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Question 182 pts
Q18. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that the sample mean of the bonus computed from a random sample of 30 employees, will be within $100 of the population mean of the bonus?

Flag question: Question 19
Question 192 pts
Q19. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the expected value of p-bar, for the proportion of employees who are satisfied with their bonus, to two decimal places?

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Question 202 pts
Q20. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. If multiple similar random samples are taken, what is the value of the standard error of the proportion of the employees who are satisfied with their bonus, to two decimal places?

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Question 212 pts
Q21. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. If multiple similar random samples are taken, the sampling distribution of p-bar, the proportion of the employees who are satisfied with their bonus, can be approximated by a normal distribution.
Group of answer choices

True

False

Flag question: Question 22
Question 222 pts
Q22. Open the data file Bonus. The file includes data on all the employees in an organization. Create a random sample consisting of the 50 employees with the 50 lowest random numbers. What is the probability, to two decimal places, that a random sample of 50 employees, will have a sample proportion of 0.30 or less of employees who are satisfied with their bonus?

Flag question: Question 23
Question 232 pts
Q23. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that a random sample of 30 employees, will have a sample proportion of more than 0.30 of employees who are satisfied with their bonus?

Flag question: Question 24
Question 242 pts
Q24. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that a random sample of 40 employees, will have a sample proportion of more than 0.37 of employees who are disappointed with their bonus?

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Question 252 pts
Q25. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that a random sample of 40 employees, will have a sample proportion of more than 0.32 but less than 0.36 of employees who are disappointed with their bonus?

Flag question: Question 26
Question 262 pts
Q26. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that a random sample of 40 employees, will have a sample proportion of more than 0.33 of employees who are very satisfied with their bonus?

Flag question: Question 27
Question 272 pts
Q27. Open the data file Bonus. The file includes data on all the employees in an organization. What is the probability, to two decimal places, that a random sample of 40 employees, will have a sample proportion of more than 0.27 and less than 0.35 of employees who are very satisfied with their bonus?

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