User Account

All Pages

Approximation and the mean and standard deviation

Assignment Help Basic Statistics
Reference no: EM132340542

A survey of recent first-time home buyers found that 45% of them plan to upgrade to a bigger house within 5 years. You randomly select 30 recent first-time home buyers and ask them whether they plan to upgrade to a bigger home within 5 years.

Use the normal approximation and the mean and standard deviation you found above to find the probability that exactly 14 of the recent first-time home buyers plan to upgrade to a bigger home within 5 years. Leave your answer as a decimal with 4 decimal places.

Reference no: EM132340542

Questions Cloud

Effective school discipline procedures : What are some statistical findings on effective school discipline procedures?
State the null and alternative hypotheses : Please be sure to clearly state the null and alternative hypotheses, critical value, test statistic, and conclusion.
Describe the problem related to sex offender issue : Research two U.S. Supreme Court cases dealing with issues related to sex offender registration. In each case brief state the following: the parties to the case.
Calculate the cash conversion cycle for a company : SF003- Sources and Uses of Short-Term Capital-Walden University-USA-Analyze the advantages and disadvantages of short-term financing sources.
Approximation and the mean and standard deviation : You randomly select 30 recent first-time home buyers and ask them whether they plan to upgrade to a bigger home within 5 years.
Approximation and mean and standard deviation : Use the normal approximation and the mean and standard deviation you found above to find the probability that more than 20 of the recent first-time home buyers
Approximation to the binomial distribution : What is the standard deviation that we will use for this approximation? Round your answer to the tenths place.
Discuss importance of resiliency vs reactionary approaches : Please discuss the importance of resiliency vs. reactionary approaches to dealing with terrorism. In no less than 300 words, prepare your initial post.
Show an area of improvement for a public safety agency : Engage in independent research, finding 1 example of research used to show an area of improvement for a public safety agency and 1 example of research used.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Conduct the test and state your conclusions

Conduct the test and state your conclusions. Use the lower value, 7%, in the null hypothesis. Use α = 0.01. Interpret.

  What is the expected value for the amount they will pay in

question an insurance company expects 10 of its policyholders to collect claims of 400 this year and the remaining 90

  Essentials of modern business statistics

Case study on Page 635-636 of the text BOOK: (Anderson, Sweeney, Williams, Essentials of Modern Business Statistics w/ Microsoft Excel, 5th ed., South-Western College Pub, ISBN 978-0840062383  )Alumni Giving.

  Scores on a standard test are normally distributed with a

scores on a standard test are normally distributed with a mean of 104 and a standard deviation of 15. an individuals

  Confidence interval for the average number of minutes

What is the 99% confidence interval for the average number of minutes it takes to create a test question?

  A motor bike battery manufacturer found that the life of

a motor bike battery manufacturer found that the life of their batteries is normally distributed with a mean life span

  Whats so bad about making a type i error

What's so bad about making a Type I error?- How does the Bonferroni adjustment control for Type I error when many statistical tests are conducted?

  Find the probability that model will be defective

Replace (or exchange) 10% of its model I and 18% of its model II. If a model is selected at random, find the probability that it will be defective.

  A bag contains 8 red 3 white and 9 blue marbles if 3

a bag contains 8 red 3 white and 9 blue marbles. if 3 marbles are drawn at random without replacement calculate the

  The amount of cola in a 12-ounce can is uniformly

the amount of cola in a 12-ounce can is uniformly distributed between 11.96 ounces and 12.05 ounces.a. what is the mean

  Determine the average waiting time

The game is then over (there is no waiting when you get 6. )determine the average waiting time.

  Developing percent frequency distribution

Develop percent frequency distribution and construct bar chart and pie chart.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd