A prospective purchaser of a toy store wishes to estimate

Assignment Help Basic Statistics

Reference no: EM13621995

A prospective purchaser of a toy store wishes to estimate the mean dollar amount of sales per customer at a toy store located at an airline terminal. Based on information collected from similar airports, the standard deviation of such sales amount is estimated to be $3.20. What is the minimum size random sample that the store purchaser should collect if he wants to estimate the mean sales amount within $1.50 and with 99% percent confidence? Assume that the amount spent per customer follows a normal distribution.

Reference no: EM13621995

Questions Cloud

The magnitude of this field varies with time according to b : an 32-turn coil has square loops measuring 0.325 m along a side and a resistance of 5.35 omega. it is placed in a

A fixed quantity of air at t1 57oc and p1 222 kpa is : a fixed quantity of air at t1 57oc and p1 222 kpa is heated at constant temperature in a piston-cylinder assembly

As a commercial buyer for a private supermarket brand : as a commercial buyer for a private supermarket brand suppose you take a random sample of 12 cans of beans packed at a

The pressure in each of your car tires is 210 multiplygif : the pressure in each of your car tires is 2.10 multiply.gif 105 pa. the mass of your car is 1700 kg. assuming that each

A prospective purchaser of a toy store wishes to estimate : a prospective purchaser of a toy store wishes to estimate the mean dollar amount of sales per customer at a toy store

Write a cubloc basic program use basic language to read in : write a cubloc basic program use basic language to read in four switches connected to ports 323334 and 35 into a byte

Your finance text book sold 46000 copies in its first year : your finance text book sold 46000 copies in its first year. the publishing company expects the sales to grow at a rate

A 0245-h inductor and a 290 omega resistor are connected in : 1. a 0.245-h inductor and a 290 omega resistor are connected in series to a 15.0-v battery. what is the maximum current

The economy may be headed for recession as the manager of : the economy may be headed for recession. as the manager of a bank you would like to know the average income of the

User Account

All Pages