1. Answers to questions related to weekly topic
- How likely is “exactly three boys in succession?”
- The occurrence of three boys in succession, boys represented by “1s,” appears in my set of 100 random numbers about 5 times. To determine the probability of exactly three boys in succession, I divide actual number of occurrences by number of possible occurrences. Number of occurrences is 98 and as I mentioned, number of actual occurrences is 5. I plug these numbers into the following equation:
- # actual occurrences/# possible occurrences = 5/98 = .051
- Therefore, there is a 5.1% likelihood of having exactly three boys in one succession according to my data.
- What is the proportion of boys and girls in the sample of 100?
- In my sample there are 38 boys and 62 girls.
- Since n=100 in this sample, to determine proportions of boys and girls, I can take the value for boys and the value for girls and divide them each by 100.
- I end up with these percentages for each:
- Boys: 38%
- Girls: 62%
- What would happen to the proportion of boys if 10,000 numbers were generated?
- The law of large numbers states that in a sample of independently and equally distributed random variables, the values of the variables will more closely approach the expected values as number of trials increases (Law of large numbers, 2008).
- Since there are two variables in this sample, each with equal chance to occur randomly, both boys and girls will each have a 50% chance of occurring.
- According to the law of large numbers, if 10,000 more numbers were generated, then the proportion of boys should rise from 38% and become extremely close to 50%.
- An example illustrating the law of large numbers that personally affects me
- An example of the law of large numbers that personally affects me is how often I have to sell gold. My fiance (currently in Alaska) has me watch over his gold while he is gone. Every once and a while I will get a call and hear that I have to sell right away. Because the price of gold can change by the minute, I usually have to drop what I am doing and leave right away when this happens. The particular coin shop I have to go to is in Gaithersburg, MD, so I have to drive about an hour and a half to get there. The shop is a male dominated environment and sometimes there’s some sketchy men in there. Then I have to wait out I-95 traffic and don’t leave for home until after 7pm. On these days I lose a lot of time traveling and waiting, and the experience overall is not very pleasant.
- On a typical day, I will not have to go sell gold. In the past few weeks however, the price of gold had risen and lingered around the same price, so I have had to go sell on a number of occasions during this time. If I were to record how often I had gone to sell gold over this period of time, the rate would be unusually high. This would not be representative of how often I have to go on my gold runs overall because this only represents a small period of time.
- Overall, I only have to go sell gold about 20% of the time. If I were to take data for a few months to year, the rate that had sold gold would probably more closely approach and resemble 20%.
- I usually will not expect to have to sell gold because I do not have to do it very often. I do know however that if the price of gold significantly rises, then the probability that I will have to sell also rises. I tend to make more mistakes in judgement when I do not go to kitco.com and monitor the price of gold. I don’t really look at this site much at all because I am doing other things and don’t have a huge interest in the price of gold. So when I get a gold call, I am usually caught off guard and surprised that I have to leave. If I were to monitor the price of gold more often, I would have a better idea of whether or not I will have to go sell.
- Why do smaller samples yield larger variation?
- As a rule, small samples (under 30) uses the Standard Deviation equation with “(n-1).” Larger samples use the Standard Deviation equation with “n.”
- In using n-1 in small samples, any bias is adjusted for. To account for this bias, the idea is that more variation is allowed for.
- Using the equation for small sample sizes over the one for large sample sizes, mathematically this makes sense. If you divide a number by a smaller denominator than the result will be larger.
- For example, dividing 10 by 5 will be 2, but dividing 10 by 2 will be 5 – a larger number.
- For example, dividing 10 by 5 will be 2, but dividing 10 by 2 will be 5 – a larger number.
- When dealing with large samples, if we were to use n-1 in the Standard Deviation equation, there wouldn’t be much of a difference in the end result. For this reason, n is used instead of n-1 (MacEwen, 2008).
- (formatting error)
- Portion of males in our class
- There are 8 males out of our class of 46 (MacEwen, 2008).
- By dividing the number of males by number of students in the class, I can determine the proportion of males in the class.
- 8/46 = .174
- Therefore, males make up 17.4% of the class
- Proportion of male Psychology majors nationwide
- According to the US Census Bureau, nationwide there are currently 741,000 students who are psychology majors. 306,000 of these are men and 434,000 of them are women (2004).
- Dividing number of males by total number of students, I can find the proportion of males as Psychology majors.
- Proportion of Males: 41.3%
- Graph: This represents the number of students as Psychology Majors in 2004 according to the US Census Bureau. Note that values represent thousands. A visual of this data and not of the class data is shown because this more closely resembles the true proportions.
- Explanation of the statistical differences
- This relates to the law of large numbers. While Our class had a sample size of 46, the US Census Bureau had a much larger sample size of 741,000. For whatever reason (some of which are discussed in section 5), our class proportion my not represent the true proportion of males as Psychology majors nationwide. To review, the law of large numbers states that as a sample size increases, proportion of males in this case should approach and more closely resemble the true proportion. Because the US Census Bureau’s sample size is larger than that of the class, according to the law of large numbers, this should be a more accurate value and more closely resembles the true proportion of male psychology majors.
- Why I did not wait too long to change my oil
- Given
- mean = 3,258 miles
- SD = 223 miles
- x = 3,467 miles
- Calculations
- z = (x-mean)/SD
- z = (3,467-3,258)/223=.937
- Translation with z-table
- Area = 0.3264
- After calculating the area (adjacent to the right of the mean) based on the information given, I can see that my area of 32.64% does not fall in the top 5 %of the normal curve. If this were the case, than my area would be 45% or greater. Therefore, the mileage at which I changed my oil does not fall into the rare area. Thus, I did not wait too long to change my oil (MacEwen, 2008).
- Given

