See attached data file. Using Excel, assume that the distribution of the population of all stocks on that index is normal, and using the mean and standard deviation from your sample as point estimates, find the following probabilities: P (a price is greater than $20) P (a price is less than $90) P (a price is between $30
10. Standardized measures seem to indicate that the average level of anxiety has increased gradually over the past 50 years. In the 1950s, the average score on the child manifest anxiety scale was µ=15.1. A sample of n=16 of today's children produces a mean score of M=23.3 with SS=240. a. based on the sample, make a point es
Motorola wishes to estimate the mean talk time for one of their new phones before the battery must be recharged. In a random sample of 35 phones, the sample mean talk time is 325 minutes. A) Why can we say that the sampling distribution of x-bar is appropriately normal? B) Construct a 98% Confidence Interval for the mean
Listed below are (in micrograms per cubic meter, or mg/m3) in the air. An organization has established an air quality standard for lead of 1.5 mg/m3. The measurements shown below were recorded at a destroyed building on different days immediately following its destruction. Assume that this sample is a simple random sample obtai
The body mass index (BMI) for a sample of men and a sample of women are given below. Assume the samples are simple random samples obtained from populations with normal distributions. [Please refer to the attachment for the data]. Construct an 80% confidence interval estimate of the standard deviation of BMIs for men.
8. Assume that the salaries of elementary school teachers in the United States are normally distributed with a mean of $34,000 and standard deviation of $2000. What is the cutoff salary for teachers in the bottom 10%? 9. The lengths of pregnancies are normally distributed with a mean of 267 days and a standard deviation of 15
1- The EMT industry reports that the average time it takes to respond to an emergency call is 25 minutes. Assume that is time is normally distributed with a sigma of 4 minutes. What percentage of call will be responded to in less than 20 minutes? 2- To qualify for the Police Academy, a candidate must score the top 15% on the
See attached file. I do not have the capabilty to use Microsoft Word's Equation Editor and on some of these questions the "x" should have a line over it. 1. Write a hypothesis to test the differences between two populations. 2. (STATISTICAL INFERENCES ABOUT TWO POPULATIONS) Use the following sample information to co
1. Use the confidence interval to find the estimated margin error. Then find the sample mean. A biologist reports a confidence interval of (1.8, 3.0) when estimating the mean height (in centimeters) of a sample of seedlings. The estimated margin of error is______. The sample mean is _________. 2. You work for a consume
We will be constructing confidence intervals for the proportion of each color as well as the mean number of candies per bag. Use the methods of 6.3 for the proportions and 6.1 for the mean. If calculating by hand, be sure to keep at least 4-6 decimal places for the sample proportions to eliminate large rounding errors.
6.10 Margin of error and the confidence interval. A study based on a sample of size 25 reported a mean of 93 with a margin of error of 11 for 95% confidence. (a) Give the 95% confidence interval. (b) If you wanted 99% confidence for the same study, would your margin of error be greater than, equal to, or less than 11? Expl
Please show work, step by step. 1) Suppose a fast food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a similar outlet and observed the following results: X = 500 (mean daily sales) s = 100 (standard deviation of sample) n = 50 (sample size)
Please see the attached spreadsheet: With the data I need to answer the following: A)Develop a 95 percent confidence interval for the mean number of home runs per team B)develop a 95 percent confidence interval for the mean number f errors committed by each team C) Develop a 9 percent confidence interval for the mean
5. The manager of University Credit Union (UCU) is concerned about checking account transaction discrepancies. Customers are bringing transaction errors to the attention of the bank's staff several months after they occur. The manager would like to know what proportion of his customers balance their checking
1. A promotion campaign is being planned to encourage people to reduce heat in their homes. In order to measure the campaigns impact, we want to determine the proportion of people who reduce their heat at night. A telephone sample will be taken before and after the campaign. A. What sample size is required if an accuracy of +/-
Please see attached 14 Questions. 1. An auditor wants to estimate what proportion of a bank's commercial loan files are incomplete. The auditor randomly samples 100 files and finds 9 are incomplete. Using a 95% confidence interval, estimate the true proportion of incomplete files for ALL the bank's commercial loans. 2.
Two teams of workers assemble automobile engines at a manufacturing plant in Michigan. Quality control personnel inspect a random sample of the teams assemblies and judge each assembly to be acceptable or unacceptable. A random sample of 127 assemblies from team 1 shows 12 unacceptable assemblies. A similar random sample of 9
M&M Project: Part 3 Use the M&M data to complete this assignment. StatCrunch can be used to assist with the calculations. A link for StatCrunch can be found under Tools for Success in Course Home. Here is also a link: http://statcrunch.pearsoncmg.com/statcrunch/larson_les4e/dataset/index.html. Submit your answers in Exce
1) The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with mean of 3.2 pounds and standard deviation of 0.8 pound. What percentage of samples of 4 fish will have sample means between 3.0 and 4.0 pounds? 2) A survey of working women in North America was conduct
1. For a t distribution with 16 degrees of freedom, find the area, or probability, in each region. a. To the right of 2.120. (Use 3 decimals.) __________ b. To the left of 1.337. (Use 2 decimals.) __________ c. To the left of -1.746. (Use 2 decimals.) __________ d. To the right of 2.583. (Use 2 decima
1. Katherine Tao, Director of Marketing Research, is evaluating consumer acceptance of a new toothpaste package. Her staff reports that 17% of a random sample of 200 households prefers the new package to all other package designs. If Katherine concludes that 17% of all households prefer the new package, she is using a _______.
NOTE: Please ensure that when applicable all computations are clearly provided to indicate how you arrived at your final response. Failure to do so will result in a loss of half the allotted marks for the problem in question. 1. Identify each of the following statistics as either descriptive or inferential: a). Seventy-thr
On 10 leases on the outer continental shelf in the Gulf of Mexico in 1984, Atlantic Richfield submitted bids. The bids are given below: 14.27, 14.60, 14.98, 15.25, 15.30, 15.42, 15.50, 15.72, 15.83, and 15.92. The x(mean)=15.279 and the s=.532. Assume that these bids are normally distributed. Place a 95% two sided confidence
The personnel director of a large corporation wished to study absenteeism among clerical workers at the corporation's central office during the year. A random sample of 25 clerical workers reveals the following: Absenteeism: X= 9.7 days, S = 4.0 days 12 clerical workers were absent more than 10 days A. Construct a 95% c
Chapter 7 - Section 2 Problem 20 Finding Margin of Error. Assume that a sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. 90% confidence; the sample size is 1780, of which 35% are successes. Problem 30 Gender Selection
Confidence Interval or the lack of it... It is the year 1581 A.D. At the Renaissance University (RU), I am the appointed CPA, Coffee Pot Attendant. It is a very important office sponsored by the Head Scribe. I have taken this job very seriously, because I believe that I am the key to increased productivity of scribes at
See attached file. Chapter 7, problems 7.22, 7.23, 7.24, 7.25 Chapter 8, problems 8.32, 8.33, 8.61, 8.67 7.22. The US Census Bureau announces that the median sales price of new houses sold in March 2006 was $224,200 while the mean sales price was $ 279,100. Assume that the standard deviation of the prices is $ 90,000.
Basic Statistics Questions: Population mean, confidence interval, standard deviation, sample proportion, z-value, sample size
1. (TCO 7) Interpret a 99% confidence interval of (5.355, 5.445) for a population mean. 2. (TCO 7) A nursing school wants to estimate the true mean annual income of its alumni. It randomly samples 200 of its alumni. The mean annual income was $55,200 with a standard deviation of $1,500. Find a 95% confidence interval for
Consider that 10 observations were selected from a normal population whose variance is 64. Observations are: 58, 62, 45, 50, 59, 65, 39, 40, 41 and 52. Check to 5% (.05) level of significance if there is sufficient evidence to conclude that the average population is 45. Calculate the sample average. Calculate the standard
A random sample of 10 miniature Tootsie Rolls was taken from a bag. Each piece was weighted on a very accurate scale. The results in grams were: a. 3.087 b. 3.131 c. 3.241 d. 3.241 e. 3.270 f. 3.353 g. 3.400 h. 3.411 i. 3.437 j. 3.477 (a) Construct a 90 percent confidence interval for the true mean weight. (b