Confidence interval for the above distribution

Assignment Help Basic Statistics
Reference no: EM132461953

You have decided to open a new Pub called Moe's. Your research tells you that the majority of your patrons will be 25 or younger. You decided to calculate the average age of people living close to your Pub. You sample 25 people and calculate an average age of 26 with a standard deviation of 6 years. You are certain the distribution is normal.

a. Calculate the 95% confidence interval for the above distribution.

b. Calculate the 90% confidence interval for the above distribution.

c. Suppose you wanted to calculate the average age so that your margin of error was within 1.5 years at the 95% level of confidence. How large a sample must you choose?

Reference no: EM132461953

Questions Cloud

Find the? least-squares regression line treating cola : Find the? least-squares regression line treating cola consumption per week as the explanatory variable.
What premium should be charged if the company wants : What premium should be charged if the company wants to make a profit of $25 per policy?
Maximal amount she is willing to pay for health insurance : She has the option of buying health insurance, which will cover all expenses in case of a heart attack. What is the maximal amount she is willing to pay for hea
Calculate the operating income for spenser co : Calculate the operating income for Spenser Co. for the year ended December 31, 2019. Calculate the company's net Income for 2019.
Confidence interval for the above distribution : Calculate the 95% confidence interval for the above distribution. Calculate the 90% confidence interval for the above distribution.
Work for mercer human resources : The CEO and VP of Operations decide to enlist the help of a consulting firm that you work for, to help collect data and analyze market trends.
What percentage of students score higher than 1200 : 1. SAT scores are normally distributed. Suppose the mean is 1000 and the standard deviation is 200.
Obesity causes a deficiency in vitamin d : There is a study that shows that people who are obese have a vitamin D deficiency. Does that mean that obesity causes a deficiency in vitamin D? Explain.
Data of prenatal care versus health expenditure : he World Bank collected data on the percentage of gross domestic product (GDP) that a country spends on health expenditures ("Health expenditure,"

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