Confidence interval and sample size calculation problems

Assignment Help Basic Statistics
Reference no: EM13105000

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 3.22 seconds.

Answer each of the following (show all work):

A) How many measurements should be made in order to be 98% certain that the maximum error of estimation will not exceed 0.5 seconds?

B) What sample size is required for a maximum error of 1.5 seconds?

Reference no: EM13105000

Questions Cloud

Find the direction of the net electrical force electrons : Find the direction of the net electrical force electrons will exert on the proton. Enter your answer as an angle measured relative to the line connecting the proton and the right electron with counterclockwise being positive.
Find the radian measure of one of the angles : Find the radian measure of one of the angles of a regular pentagon. (The angles are all the same in a regular pentagon.) In degrees, the formula for the sum of the interior angles of an n-sided polygon is (n = 2) × 180°.
Discuss role of strategic leadership in strategic management : Discuss the role of strategic leadership in the strategic management process. Discuss people- and task-oriented techniques for overcoming resistance to change.
Perform market survey on behalf of leading newspaper : Ascertain reader habits and interests. What kind of research report would be most suitable? Create the outline of the research report with main sections?
Confidence interval and sample size calculation problems : 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 3.22 seconds.
Describe important objectives for mne : Can you give an example of successfully using one of the common international compensation approaches - Balance Sheet, Negotiation, Localization, Lump Sum, or Cafeteria?
Maximum error of estimate and confidence level : A confidence interval estimate for the population mean is given to be (41.16, 49.85). If the standard deviation is 16.290 and the sample size is 54, answer each of the following (show all work):
Final exams are normal distribution : In a large section of statistics class, the points for the final exams are normally distributed with a mean of 72 and a standard deviation of 9. Grades are to be assigned according to the following rule.
Long run demand elasticity for almonds : What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

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