Confidence interval estimate of the population mean examin

Assignment Help Business Economics
Reference no: EM1317712

Q. Western University the historical mean of scholarship examination scores for freshman applications is 900. A historical population standard deviation s=180 is assumed known each year, the assistant dean uses a sample of applications to determine whether the mean examination score for the new freshman applications has changed.

- State the hypotheses

- Illustrate what is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean of Xbar=935 ?

- Use the confidence interval to conduct a hypothesis test. Using a=.05, Illustrate what is your conclusion?

- Illustrate what is the p-value?

 

 

Reference no: EM1317712

Questions Cloud

Effects on mean mark and time taken : Kind of examination produced significant main effects on both mean mark and time taken to complete the examination.
Find the dimensions of a rectangle : Determining the dimensions of a rectangle of maximum area that is formed by x- axis and a semi circle - What length and width should the rectangle have so that its area is a maximum?
Create a cumulative percentage distribution : Form the cumulative percentage distribution and plan a cumulative percentage polygon.
Stocks of socially responsible or ethical : There are mutual funds that invest in stocks of socially responsible or ethical or green companies. Do a Google search to identify at least three such funds and look up their performance.
Confidence interval estimate of the population mean examin : Illustrate what is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean of Xbar=935
Change the base : Change the base.
Appropriate bps formatted descriptive statistics : Comprise appropriate (BPS formatted) descriptive statistics table inferential statistics table.
Manager of a local sporting goods store : You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Media promulgation of stereotypes : Many of the EEOC cases presented in Media Promulgation of Stereotypes,(television and movies) are egregious, offensive, and obviously illegal. provide a brief summary of it.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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