Confidence interval for mean cost of repairs

Assignment Help Basic Statistics
Reference no: EM1318236

Q1) Length of human pregnancies is approximately normally distributed with mean µ= 226 days and standard deviation σ = 16 days.  Dr. Margaret Miller gets simple random sample of 10 of her patients and obtains following results:

279

260

261

266

255

267

230

266

264

240

i) Use the data to compute a point estimate for the population mean gestation period.

ii) Create a 90% confidence interval for mean gestation period for all of Dr. Miller's patients. Interpret this interval.

iii) Do Dr. Miller's patients have a mean gestation period different from 266 days?

iv) Why or why not?

Q2) Insurance Institute for Highway Safety routinely conducts crash tests on vehicles to find out the cost of repairs.  In 4 crashes of a Chevy Cavalier at 5 mph, institute found the cost of repairs to be= $225, $462, $729, and $753.  Treat these data as simple random sample of four crashes, and reply the following questions, assuming that σ = $220

i) Use data to calculate a point estimate for population mean cost of repairs on a Chevy Cavalier.

ii) Create a 95% confidence interval for mean cost of repairs. Interpret this interval.

iii) Assume we are in planning stages of this investigation.  We require to find out how many observations must be in our sample to restrict our margin of error to $150

Find the required sample size.

Reference no: EM1318236

Questions Cloud

Ways to stop interference from arc welders : Provided that both the design shop and front office utilizes areas? What medium guarantees immunity from the interference?
Finding confidence interval for the proportion : Find a 95% confidence interval for the proportion  p  of the inner-city, working-class group who eventually became alcoholics.
Difference between the discrete and the continuous : Explain the difference between a discrete and a continuous random variable. Give two examples of each type of random variable.
Changing constraints into linear equations : Changing constraints into linear equations
Confidence interval for mean cost of repairs : Create a 95% confidence interval for mean cost of repairs. Interpret this interval.
Which of the following are true statements : The area under the standard normal curve between 0 and 2 is twice the area under area between 0 and 1.
Evaluate the equation of the straight line : Evaluate the equation of the Straight line - Sketch the curve.Circle: tangent to the line x=3, centre at (5,1)
Maximum error of estimate : What is the maximum error of estimate for  p ?
Determining the point estimate : Determine the point estimate? Give the symbol and value.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability and poisson distribution

In order to test the assumption of a Poisson distribution, a random sample of 150 ten-minute intervals was taken.

  What is the probability

What is the probability that the mean contents of a six-pack are less than 12 ounces and what is the chance I find at most two defectives in the sample

  Computing probability of debt for randomly selected borrower

Compute the probability that debt for a randomly selected borrower with good credit is more than $18,000?

  Estimating amount of labor involved in inventory stockrooms

What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)

  Computing probability values using the empirical rule

The ages of cars owned by all employees of a large company have a bell shaped distribution with a mean of 8 years and a standard deviation of 2 years. Using the empirical rule, find the approx. percentage of cars (owned by those employees) that are b..

  Steps for constructing the control chart

Place the steps below in the correct order for the construction of a control chart.

  Correlation coefficient and the regression equation

Interpret the correlation between each set of variables.

  Maximum error of estimate

What is the maximum error of estimate for  p ?

  Finding plausible value for correlation

Find out a plausible value r for correlation between vehicle weight and miles per gallon (mpg) shown in the scattergram below?

  Inventory control problem-or method

Solve different inventory control problems using an appropriate OR method.

  The probability of a fatal accident over a lifetime

The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average U.S. driver takes 50,000 trips. (a) What is the probability of a fatal accident over a lifetime? Describe your re..

  Expected value for binomial distribution

If the basket ball player is a 74% free throw shooter, then, on average, how many free throws will he or she make in a game with eight free throw attempts?

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