Lecture 24: Practice Review

(N. B. Please see the lecture materials, class recordings, and slides for detailed of contents)

Problem 1: The following data give the ages (in years) of all five
members of a family

53 28 25 21 15
Construct the sampling distribution from samples of size 3 and find the
mean and standard deviation

Problem 2: A population has 𝜇 = 46 and 𝜎 = 10. Sample obtained

from the population provides 𝜇𝑥̅ = 46 and𝜎𝑥̅ = 2. Assuming 𝑛/𝑁 ≤
0.05, calculate the sample size.

Problem 3: The mean monthly out-of-pocket cost of prescription drugs

for all senior citizens in a particular city is $520 with a standard
deviation of $72. Let 𝑥̅ be the mean of such costs for a random sample
of 25 senior citizens from this city. Find the mean and standard
deviation of the sampling distribution of 𝑥̅ .
Problem 3: On November 15, 2006, carefair.com reported that 40% of
women aged 30 years and older would rather get Botox injections than
spend a week in Paris. The survey consisted of 175 women in the
specified age group.

(a) What is the point estimate of the corresponding population

proportion?
(b) Construct a 98% confidence interval for the proportion of all
women aged 30 years and older who would rather get Botox
injections than spend a week in Paris. What is the margin of error
for this estimate?

Example 4: Lombard Electronics Company has just installed a new

machine that makes a part that is used in clocks. The company wants
to estimate the proportion of these parts produced by this machine that
are defective. The company manager wants this estimate to be within
.02 of the population proportion for a 95% confidence level. What is
the most conservative estimate of the sample size that will limit the
maximum error to within .02 of the population proportion?

Note: Please, see other problems from lecture materials!