Confidence interval for the average number

Assignment Help Finance Basics
Reference no: EM131042225

A manufacturing company wishes to estimate the number of items that its workforce can produce on average each hour now that they have a new machine. The factory examined the records for a random sample of 8 hours over the past month. The hourly production rates for these 8 hours were:

142 175 162 158 190 154 160 185

a) Calculate by hand and interpret the 99 percent confidence interval for the average number of items produced per hour.

b) What assumption did you make in order to answer part (a)?

Reference no: EM131042225

Questions Cloud

Extremely unhappy with the terms of the promotion : Shareholders are extremely unhappy with the terms of the promotion and suggest that the time limit should be such that at most only 2.5% of take away coffees are given for free under the promotion.
How you may present information for the viewer : Consider how you may present information for the viewer to gain a more formal understanding of the theme and the argument presented in the research paper (much like the signage in the museum or the audio tours provided).
A brief description of two potential positive : A brief description of two potential positive and two potential negative feelings that both you, as the social worker, and the client might feel, regarding the termination of a therapeutic relationship. Then, explain a skill you might use to assis..
Problem regarding the customer satisfaction : An insurance company wants to estimate the proportion of people unsatisfied with their new telephone help service. A survey of 200 callers revealed 45 were unsatisfied with the service. Construct by hand a 95% confidence interval for the proportio..
Confidence interval for the average number : a) Calculate by hand and interpret the 99 percent confidence interval for the average number of items produced per hour. b) What assumption did you make in order to answer part (a)?
Use case diagram for your game : INFT1001 - Assignment. You have to construct a game that is suitable for young people in the age range of 8 to 15 to be used in school class rooms to teach some aspects of water safety. A use case diagram for your game. A class diagram for the syst..
Support or lack of support : 01:  The p-value is a probability that measures the support or lack of support for the
Modify the make-account procedure of exercise : Modify the make-account procedure of exercise 3.3 by adding another local state variable so that, if an account is accessed more than seven consecutive times with an incorrect password, it invokes the procedure call-the-cops.
What resource commands the greatest total cost : During which month of the project are the highest and lowest costs expected to occur? What are these costs?

Reviews

Write a Review

Finance Basics Questions & Answers

  In five years your oldest child will be in 8th grade at

in five years your oldest child will be in 8th grade at which point you and your family plan to vacation in the

  What risk-return trade-off would be faced by an investor

Suppose a company simultaneously sold two long-term debt issues at par: 9 1/8 percent senior debentures and 9 3/8 percent subordinated debentures. What risk-return trade-off would be faced by an investor who was considering one of these issues?

  What percentage of the firms capital funding should be debt

The pretax cost of debt is 6.7 percent and the cost of common stock is 10.4 percent. What percentage of the firm's capital funding should be debt financing if its tax rate is 30 percent?

  Computation of pv and fv of a bond

Calculation of annual payment considering time value of money and Computation of PV and FV of a bond.

  Determine the initial yearly income that could be provided

tod lohman has filed a lawsuit against the party alleged to be at fault in an accident resulting in his total

  Be sure to create open-ended questions and follow up

create an eight-point questionnaire covering the followingnbspnbspnbsp international experiencenbspnbspnbsp

  Problems in a process-oriented organization

Discuss how you can apply your creative and imaginative skills to solve problems in a process-oriented organization.

  What revenues are projected for march

Revenue projections for the coming year are $47,500 for January and $50,000 for February. Cash receipts of $50,600 are expected in March. What revenues are projected for March?

  Kathy snow wishes to purchase shares of countdown computing

1. Kathy Snow wishes to purchase shares of countdown computing, Inc. The company's board of directors has declared a cash dividend of $0.72 to be paid holders of record on Wednesday, Sep. 21.a. What day does this stock begin trading ex dividend?b. Wh..

  Does the future of the company appear to be promising?

Does the future of the company appear to be promising?

  Evaluate how purchasers of financial futures contracts can

evaluate how purchasers of financial futures contracts can offset their position and how their gain or loss is

  The weighted average cost of capital

The Weighted Average Cost of Capital

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