8.34. Information from the American Institute of Insurance indicates the mean amount of life insurance per household in the United States is $110,000. This distribution is positively skewed. The standard deviation of the population is not known. e. Find the likelihood of selecting a sample with a mean of more than $100,000 bu
When a pizza restaurant's delivery process is operating effectively, pizzas are delivered in an average of 45 minutes with a standard deviation of 6 minutes. To monitor its delivery process, the restaurant randomly selects five pizzas each night and records their delivery times. a. For the sake of argument, assume that the p
I have created 95% confidence interval estimates of the population mean µ from your data in columns E and F. I have used the fact that I know σ is 6.5, that the sample was from a normal population, and that you all took samples of size 10. Therefore, the interval becomes sample mean ± 1.96*6.5/3.16. (3.16 is the appro
Petroleum pollution in oceans stimulates the growth of certain bacteria. An assessment of this growth has been made by counting the bacteria in each of randomly chosen specimens of ocean water (of a fixed size). The counts obtained were as follows: 41, 60, 44, 56, 69 Find the standard deviation of this sample.
Could you please explain in words how you figure out deciles, quartiles, kurtosis, skewness in Excel? How do you find the sum count, largest, and smallest in Excel?
(1.) Using a random sample from 2002 general Social Survey, you find the following grouped distribution Age Category Frequency 18-29 54 30-39 54 40-49 60 50-59 36 60-69 31 70-89 27 a- Calculate the median age category. b- Also,
Highways -car speed X~N(60 ml/h, 5ml/h) That is, the car speed on highway is normally distributed with mean of 60 mph, and standard deviation of 5 mph. If police tickets the top 5%, at what speed you expect to get a ticket?
Section 1 - Applications of Unconstrained Optimization 1) A perfectly competitive pumpkin patch faces the following cost function: TC(Q) = 14Q2 - 650Q + 15 And the patch sells pumpkins for $15. What is the profit maximizing output? Is the output you found a profit max? Show. 2) A local hammer manufact
See the Excel file for data. (Q1) In 1970, a lottery was used to determine who would be drafted into the US Army. The 366 dates in the year were placed in individual capsules. First the 31 January capsules were placed in a box: then the 29 February capsules were added and the two months were mixed. Then the 31 March capsules
Look at the attached file, then prepare a 1,100 word paper addressing the topics below. 1. Calculate the measures of central tendency 2. Calculate the dispersion. Calculate the plus/minus 1,2, and 3 Sigma (standard deviation) ranges. 3. Display 3 different aspects of your descriptive statistical data using gr
1. What information does each measure of central tendency provide? 2. Why are measures of variability essential statistical tools for describing behavior? 3. How do standard scores assist you in determining relative standing and in making comparisons between groups? 4. What happens to the mean in a skewed distribution?
Question 3 You wish to estimate with 95 percent confidence the proportion of families that own two cars. a)How large a sample do you need if you allow an error of up to 2 percent in each direction? b)What will be the sample size if your prior estimate for p was 0.7? Question 4 A sample of 400 people getting a tax refu
Question 1 Design a 95 percent confidence interval for the proportion of defectives in a large lot, if a sample of 200 showed 12 defectives. Question 2 The prices of 23" TV sets sampled by a consumer guide were as follows: $400, $600, $550, $450, $700, $500, and $650. Build a 98 percent confidence interval for the mean.
This is a project run preparing for the real project, we will not be gating graded on this however, it is to prepare for the final project. Can you help me on this one? I attached the problem as well as the data. Write a research report that answers these questions and any other questions, you want to add, to help your cli
Question 1 Use Excel & Put all related data in a single column. A. A headline in a newspaper reported that crime was on the decline. Listed below are the numbers of homicides from 1989-2005 Year Homicides Year Homicides 1989 21 1998 3
1. Consider the various variables in this Baseball 2005 data: Number of wins, team salary, season attendance, whether the team played its home games on a grass field or an artificial surface and the number of hits and runs. (a) Which of these variables are quantitative and which are qualitative? (b) Determine the levels o
Sampling Distribution of the Mean. See attached file for full problem description. The Golden Calendar Company has population of 16 customers. These customers are brokers who sell the calendars to stores and catalogs. The following data reflect the number of calendars sold to each of the 16 customers last year. Information
1. Indicate which would be the independent variable and which would be the dependent variable in each of the following: a. Score on the first test, Final grade b. Gas mileage, Car speed c. High school grade point average, Freshman College grade point average d. Crop yield, Rainfall 2. A math test was given with the foll
Experience raising New Jersey Red chickens revealed the mean weight of the chickens at five months is 4.35 pounds. The weights follow the normal distribution. In an effort to increase their weight, a special additive is added to the chicken feed. The subsequent weights of a sample of five-month-old chickens were (in pounds):
Question 2 The table below includes data on the number of purchases made by a sample of 50 customers. 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 7 8 9 5 6 7 8 5 7 5 7 5 7 5 7 7 7 7 a) Find the mean, mode, median, and standard deviation for this sample. Be sure
The advertisement for a speed-reading course claimed that the "average" reading speed for people completing the course was 1000 words per minute. Shown below are the actual data for the reading speeds per minute for a sample of 24 people who completed the course. 1000 900 800 1000 900 850 650 1000 1050 800 1000 850 700 750
A samples contains 1,000 values. The histogram for this sample is bell-shaped. Approximately 950 values in the sample are known to be within $100 of the mean. Suppose the mean is $5,000. Use Empirical Rule to perform the following: a. calculate a value for the standard deviation. b. determine the data value that is 97.5 percen
* Calculate the mean, median, range, variance, and standard deviation for revenues, profits, and employees. * Convert the data for each variable to a z-value, and compare BankTen to the average bank for each variable. * Identify the variable that had the greatest relative variation among the b
A study showed that the average number of hours children in the U.S. watch television each day is 4 hours with a population standard deviation of 1.6 hours. If a group of 64 children is selected at random, what is probability that the average time these children watch television is more than 4.3 hours? Include an appropriate d
Using Excel, prepare a frequency distribution from the data you've been collecting. Calculate the Standard Deviation of your data. Is this a normal distribution? What are the implications?
A calculus instructor uses computer aided instruction and allows students to take the midterm exam as many times as needed until a passing grade is obtained. Following is a record of the number of students in a class of 20 who took the test each number of times. Students Number of tests 1
At the start of the 1999 NCAA men's basketball tournament, 64 teams were invited to compete for the national championship. Below is the number of victories that a sample of 26 of these teams had obtained during the regular season: 32 12 28 22 20 25 22 20 22 22 19 19 26 19 21 23 27 21 21 22 23 27 22 24 26 23 A. What is t
Given the following data on hotel check-ins for a 6-month period: July: 45 rooms August: 36 rooms September: 52 rooms October: 48 rooms November: 56 rooms December: 60 rooms With alpha = 0.2 and beta = 0.1, what is the adjusted exponentially smoothed forecast for September? Put your answer in the form xx.xx with no addi
A population consists of the four numbers {0, 2, 4, 6}. Consider drawing a random sample of size 2 with replacement. (a) List all possible samples and evaluate for each. (b) Determine the sampling distribution of X. (c) Write down the population distribution and calculate its mean μ and standard deviation σ. (
Degrees of Freedom: Ten values have a mean of 75.0. Nine of the values are 62,78,90,87,56,92,70,70, and 93. a. Find the 10th value. b. We need to create a list of n values that have a specific known mean. We are free to select any values we desire for some of the n values. How many of the n values can be freely assigned