User Account

All Pages

Confidence interval for population mean number

Assignment Help Basic Statistics
Reference no: EM132155760

PayPal is interested in estimating the average number of transactions per year for their active account users.

The number of transactions per year is normally distributed. A random sample of size 16 is obtained from this population. The mean and standard deviation of the number of transactions for this sample are 87 and 10, respectively.

Calculate a 95% confidence interval for the population mean number of transactions. Give the upper limit (the right hand side of the interval) in the space provided. (2dp)

Reference no: EM132155760

Questions Cloud

What is the political machine : What is the political machine? What impact do you believe the political machine has on the American election process?
How can public opinion influence government policy : How can public opinion influence government policy? Describe a scenario where public opinion had an impact on politics.
Find the probability that thirteen do not use the foil : Find the probability that thirteen do not use the foil as their main weapon. (Round your answer to four decimal places.)
What is the minimum number of days : The lengths of human pregnancies are normally distributed with µ = 266 days and s = 16 days. The area to the right of x = 280 is 0.1908.
Confidence interval for population mean number : Calculate a 95% confidence interval for the population mean number of transactions. Give the upper limit
Find the probability that the sum is 10 or less : Two fair dice are tossed twice. Find the probability that the sum is 10 or less on the first toss and the sum is 8 or more on the second toss.
Propose an overall strategy that medical providers include : Propose an overall strategy that medical providers and public health agencies should include in the response plan that combines the efforts of both groups.
Confidence interval for the population mean : Find a 90% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error?
Compare the main various forms of medical group practice : As a future healthcare administrator, it is important for you to demonstrate an understanding of the challenges and opportunities.

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!

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