As the sample size increases, the effect of an extreme value on ...

[ashley]

As the sample size increases, the effect of an extreme value on the sample mean becomes smaller.
 
  Indicate whether the statement is true or false

Question 2

Let X represent the amount of time until the next student will arrive in the library parking lot at the university. If we know that the distribution of arrival time can be modeled using an exponential distribution with a mean of 4 minutes (i.e. the mean number of arrivals is 1/4 per minute), find the probability that it will take more than 10 minutes for the next student to arrive at the library parking lot.
 
  A) 0.670320 B) 0.082085 C) 0.329680 D) 0.917915

[jordangronback]

Answer to Question 1

TRUE

Answer to Question 2

B

[ashley]

Excellent

[ghepp]

Thanks for the timely response, appreciate it