James Jackson, owner of James Contracting Company, is worried about shipping costs and admin costs that incur with small purchase orders. So they reduce spending in this area, he created an incentive plan for orders over $40 so that hey may encourage customers to lower the # of small orders into bigger orders. This is the amount
Inferences concerning the mean difference using two dependent samples, two independent samples, and proportions. A. Before 93 106 87 92 102 95 88 110 After 92 102 89 92 101 96 88 105 a. What is the point estimate for the mean reduction in the diastolic reading? b. Find the 98% confidence inter
A random sample of 16 Google managers yields the following information on annual salaries. The sample mean is $69,000, with a sample standard deviation of $4,000. What is the mean salary of all Google managers? What is the 95% confidence interval for the population mean? One-Sample T N 16 Mean 69000 StDev 400 SE Mean 10
A 90% confidence interval for the mean percentage of airline reservations being canceled on the day of the flight is (3.6%, 6.1%). What is the point estimator of the mean percentage of reservations that are cancelled on the day of the flight?
Review questions below and indicate which confidence interval statistic you would use in each case (z-sigma, Z-s, or t-s): Brown bullheads are a common Great lakes feeding fish and indicator species for sediment health. The current study focused on the weight of fish taken in various locations. a. A sample of 27 brown bull
A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If 40 different applicants are randomly selected, find the probability that their mean is above 215. Construct a confidence interval for the population proportion p, given n = 182, x = 13
In a poll of 200 randomly selected U.S. adults, 104 said they favored a new proposition. Based on this poll, compute a 99% confidence interval for the proportion of all U.S. adults in favor of the proposition (at the time of the poll). Then complete the table below. Carry your intermediate computations to at least three decim
The US Census Bureau announce that the median sales price of new houses sold in April 2009 was $221,600 while the mean sales price was $274,300. Assume that the standard deviation of the prices is $90,000. a) If you select samples of n=2, describe the shape of the sample distribution of Xbar. b) If you select samples of
A survey of 4,581 U.S. households that owned a mobile phone found that 58 percent are satisfied with the coverage of their cellular phone provider. Assuming that this was a random sample, construct a 90 percent confidence interval for the true proportion of satisfied U.S. mobile phone owners. (Round intermediate calculations
The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 16 people reveals the mean yearly consumption to be 60 gallons with a standard deviation of 20 gallons. a.) What is the value of the population mean? What is the best estimate of this value? b.) Explain why we need to use the t dist
Assume that a sample is drawn and z(±/2) = 1.96 and ? = 20. Answer the following questions: (A) If the Maximum Error of Estimate is 0.02 for this sample, what would be the sample size? (B) Given that the sample Size is 400 with this same z(?/2) and Ï?, what would be the Maximum Error of Estimate? (C) What happens
By measuring the amount of time it takes a component of a product to move from one workstation to the next, an engineer has estimated that the standard deviation is 3.93 seconds. Answer each of the following (show all work): (A) How many measurements should be made in order to be 99% certain that the maximum error of esti
The National Student Loan Survey collects data to examine questions related to the amount of money that borrowers owe. The survey selected a sample of 1280 borrowers who began repayment on their loans between 4 and 6 months prior to the survey. The mean debt for undergraduate study was $18,900 and the standard deviation was abou
Twenty-five volunteers who had developed cold symptoms within the last 24 hours were given zinc lozenges to take every 2 to 3 hours until their cold symptoms were gone. The mean overall duration of symptoms was 4.5 days with a standard deviation of 1.6 days. The selected cases have a distribution which appears to be symmetri
Q.8.1 Southside Hospital in Bay Shore, New York, commonly conducts stress tests to study the heart muscle after a person has a heart attack. Members of the diagnostic imaging department conducted a quality improvement project to try to reduce the turn-around time for stress tests. Turn around time is defined as the time from w
Statistical Process Control: Control Limits and Confidence Intervals Calculate the statistical process control limits for the following data and explain the control limits and confidence intervals. [Please refer to the attachment for the data]
Use MegaStat > Confidence Intervals Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,979. The standard deviation of the sample was $1,000.
Please give answers with steps. 1) The accounting firm of Ahmadi & Associates was commissioned to audit a population of 500 accounts. For this audit, Ahmadi & Associates selected a simple random sample of 64 accounts. The sample showed a mean discrepancy of $120 with a standard deviation of $24. Develop an approximate 95% co
1. Nancy Joon, Inc. has 1500 employees. A simple random sample of 81 employees was selected and the individuals I the sample were asked how much they contribute monthly to their retirement accounts. The mean amount for the sample was $150 with a standard deviation of $45. Develop an approximate 95% confidence interval for the me
See attached data file. Problem Set: You work at a major regional hospital and you are concerned about waiting times in the emergency room. This file contains data on some random samples of patients. Use the data to answer the following questions. Problems 3.1 and 3.2 come from week 7 material, and 3.3 relates to week 8
What is the relationship between a confidence interval and a single sample, two-tailed hypothesis test? How are they the same? How are they different? Review the definition of a single sample, two tailed test. Now review the structure of a confidence interval. What are the assumptions and requirements for the use
As a condition of employment, Fashion Industries applicants must pass a drug test. Of the last 220 applicants 14 failed the test. Develop a 99 percent confidence interval for the proportion of applicants that fail the test. Would it be reasonable to conclude that more than 10 percent of the applicants are now failing the test?
In order to identify baby growth patterns that are unusual, we need to construct a confidence interval estimate of the mean head circumference of all babies that are 2 months old. a random sample of 100 babies is obtained and the mean head circumferene is found to be 40.6cm. Assuming that the population standard deviation is kno
Please choose the correct answers and state briefly why: In a manufacturing process a random sample of 36 bolts manufactured has a mean length of 3 inches with a standard deviation of .3 inches. What is the 99% confidence interval for the true mean length of the bolt? a. 2.902 to 3.098 b. 2.884 to 3.117 c. 2.87
1. A sample of 23 European countries found that the variance of life expectancy was 7.3 years. What is the 95% confidence interval estimate for the variance of life expectancy in Europe? A) 27.2 < Ï?2 < 118.3 B)5.6<Ï?2 <10.3 C)4.4<Ï?2 <14.6 D) 28.9 < Ï?2 < 115.0 ________________ 2. Find the 95% confidenc
As a condition of employment, Fashion Industries applicants must pass a drug test. Of the last 220 applicants 14 failed the test. Develop a 99 percent confidence interval for the proportion of applicants that fail the test. Would it be reasonable to conclude that more than 10 percent of the applicants are now failing the test? I
A recent survey of 50 executives who were laid off from their previous position revealed it took a mean of 26 weeks for them to find another position. The standard deviation of the sample was 6.2 weeks. Construct a 95 percent confidence interval for the population mean. Is it reasonable that the population mean is 28 weeks? Just
1. A man is in the process of buying a new car. He has a choice of 3 engine makes, 7 body styles and 10 colors. How many different cars does he have to choose from? 4. True or False? If false, correct it. For a given situation, the longer your confidence interval is, the lower your confidence in it is (why?).
Please solve the exercise below using Excel and show your work (with formulas). The production manager for the XYZ Manufacturing company is concerned that the customer orders are being shipped late. He asked one of his planners to check the timeliness of shipments for 1000 orders. The planner randomly selected 1000 orders and
A small town has a population of 20,000 people. Among these, 1,000 regularly visit a popular local bar. A sample of 100 people who visit the bar is surveyed for their annual expenditures in the bar. It is found that on average each person who regularly visits the bar spends about $2000 per year in the bar with a standard deviat