StudentShare solutions
Triangle menu

Research method - Essay Example

Not dowloaded yet

Extract of sample
Research method

x = ? and ?x = ? * sqrt(1/n - 1/N ) Basing on the mathematical expressions above, it is possible to specify the sampling distribution of the mean unless two conditions are met. First, when the population is said to be normally distributed or otherwise if the sample size is said to be sufficiently large. Secondly, the standard population of the population is known. In this problem, the two conditions are met and, therefore, given the standard deviations, and the means of the five samples given, the mean of the population can be calculated through averaging the sample means. This can be accomplished mathematically, as the population mean = (80934 + 78110.48 + 80,340 + 84716.5)/5 = 64,890.196 $. In a sampling distribution of means, the populations mean (?) has been found to always equal to the sampling distribution (?x) mean. ...
From the initial knowledge the standard error of the distribution becomes ?x = ? = 64,890.196$. It is also possible to use the relation ?x = ? * sqrt( 1/n - 1/N to find the standard error of the sampling distribution becomes, which is given by 2943.22 x 0.00137 = 4.03733. Given that the sampling distribution of the mean has been shown to be normally distributed, with a mean of 64,890.196, and the standard error of 4. 03733, in order find the probability that this revenue shall exceed $ 2,2200,000, we shall make use of an online normal distribution calculator. Fitting the these values into a distribution calculator, probability is found to be 0.05. For case II The probability that the revenue shall exceed $, 2,500,000, is found by fitting the values of the standard deviation, the mean and the value $ 2,500,000 into an online normal distribution calculator, which shows that P ( ...Show more

Summary

Finance and Accounting Name Institution Introduction Basing on the principle of the central limit theorem, a sampling distribution of statistics becomes normal or near to being normal whenever the sampling size is large enough. When applying this principle for a sampling distribution of the mean, it is possible to find the sample distribution of the means by supposing that if one draws all possible samples of say size n from a given population of say size N, and supposes the mean score for the samples is computed separately, then the sample distribution of the means can be obtained…
Author : tyriquehettinge
Research method essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Research method"
with a personal 20% discount.
Grab the best paper

Related Essays

Research method
LIMITATIONS OF THE RESEARCH 6 Appendix 1: Research Onion Appendix 2: Learning Style Assessment Appendix 3: Building Blocks of Deductive Approach Appendix 4: Project Plan Appendix 5: Market Research Society Principles Appendix 6: Philosophy Table Appendix 7: Research Ethics Form Appendix 8: Participant Information Sheet Appendix 9: Consent Form 1.
10 pages (2500 words) Essay
Research method/types
Sociologists can carry out two types of research: quantitative and qualitative. Quantitative research This kind of research involves the collection as well as presentation of numerical data that can undergo codification and be subjected to in depth statistical testing (Brannen).
4 pages (1000 words) Essay
Research Method
It depends on the way the team members use the resources. The way they use the resources must reduce the chance of miscommunication. The implications of the analysis can be used for discussing a general design method that assesses the multimodal wealth of the working environment.
7 pages (1750 words) Essay
Research method - Critical Review
The research technique used here is not as effective and the overall findings of the paper clearly lack in terms of reliability and validity. The second paper uses
8 pages (2000 words) Essay
Research method
The research focuses on analysis of customer satisfaction in sports retailing concentrating on Sportsdirect.com in Liverpool One. Companies are in a
10 pages (2500 words) Essay
Research method
ientific ideology, and is endorsed by people who believe that all necessary progress can only be obtained through scientific progress (Salkind, 2011, 53). Comte regarded the path towards positivism as having three phases: the Theological, the Metaphysical and the Positive or
1 pages (250 words) Essay
Business research method
From the basis of being named at the abstract levels, the social networking sites, the online brand communities are the variables that do exist. There are the social networking sites as related to online branding. Categorizations of the online brand communities as related
10 pages (2500 words) Essay
Research method of business
Firms operating in the retail industry are also inclined to incorporate CSR policies in its business practices to engage in sustainable
11 pages (2750 words) Essay
Research method critique
al. (2007). These tools include believability and robustness of the research. The elements of believability based on which the above stated qualitative article has been
10 pages (2500 words) Essay
Research Method
The main motive of the production manager is to conduct a research to properly analyse the reasons behind this low performance rate of workforce. The research purpose will include the assessment of employee’s skills and
6 pages (1500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation