Confidence interval estimate

Assignment Help Business Management
Reference no: EM132532118

In an effort to estimate the mean dollars spent per visit by customers of a food store, the manager has selected a random sample of 100 cash register receipts. The mean of these was $45.67 with a population standard deviation equal to $12.30. The manager wants to develop a 90% confidence interval estimate.

Reference no: EM132532118

Questions Cloud

Different types of software to make rational decisions : All managers use computers and different types of software to make rational decisions
How would i go about reviewing digital process : How would I go about reviewing digital process or application for compliance with intellectual property requirements?
Understand the external environmental components : Why is it important for managers to understand the external environmental components?
What are the implications for all existing staff : 2. What are the implications for all existing staff as a result and how will you provide for overcoming these?
Confidence interval estimate : The mean of these was $45.67 with a population standard deviation equal to $12.30. The manager wants to develop a 90% confidence interval estimate.
Strategic alliances and outsourcing : What are the advantages and disadvantages of each, as compared to vertical integration? What actions can managers take to eliminate or reduce the risks?
Equality or equality of opportunity : What is more important - equality or equality of opportunity?
Short-term and long-term contracts : What are the advantages and disadvantages of using short-term and long-term contracts?
What are the importance of an information system : 1. What are the importance of an information system? Why information system is necessary?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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