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Business Stats Project
Business Stats Project
The 6000 samples are generated using excel random sampling and are attached separately.
BS Project Q1.xlsx
iv. Fit a normal distribution with an appropriate mean and variance on the sample averages.
The normal curve fitted is
v. Test the goodness of fit.
For the goodness of fit we used Chi-Square Test method and the value of same came to be
31.0696.
Ans 3.xlsx
For 89.9% confidence interval Z = 1.645 and the corresponding values have been calculated in
excel file.
iv. Fit a normal distribution with an appropriate mean and variance on the sample averages.
v. Test the goodness of fit.
The chi square value for the sample is 86.4417