Confidence interval for the average number of chips

Assignment Help Basic Statistics
Reference no: EM131064832

In 1998 Nabiso company announced a 1000 chips challenge, claiming that every 18-oz bag of chips contained at least 1000 chocolate chips. Students purchased some randomly selected bags of cookies, and counted the chocolate chips. Some of their data are given here:

1219,1214,1087,1200,1419,1121,1325,1345,1244,1258,1356,1132,1191,1270,1295,1135

a) Check whether the conditions validating use of a one-sample t-interval to estimate the mean chip count are met(and even if you have some doubts about whether they are, go ahead with the rest of the problem. State your conclusions regarding these conditions.

b) Create a 95% confidence interval for the average number of chips.

c) Is your confidence interval at all consistent with Nabisco's advertising claim, or does it make it seem unlikely?

Reference no: EM131064832

Questions Cloud

Write an equivalent query in the relational algebra : Write an equivalent query in the relational algebra
Change the health and doctor-vising habits of individuals : HSAs are gaining in popularity as employers and insurers see them as viable options for shifting the cost of care back to patients. Do you believe that HDHP/HSA plans will change the health and doctor-vising habits of individuals? What about people's..
What is the portfolio expected return : Consider the following information about three stocks: State of Probability of Rate of Return if State Occurs Economy State of Economy Stock A Stock B Stock C Boom 0.3 0.2 0.25 0.60 Normal 0.45 0.15 0.11 0.05 Bust 0.25 0.01 -0.15 -0.50 a. What are th..
Why is self-awareness important for being a good manager : Why is self-awareness important for being a good manager? Describe some negative consequences that might result from a manager with low self-awareness.
Confidence interval for the average number of chips : Create a 95% confidence interval for the average number of chips. Is your confidence interval at all consistent with Nabisco's advertising claim, or does it make it seem unlikely
Do a simple risk calculation using the sle x aro = ale : Explain your entries. Share with your classmates two possible actions you would recommend to reduce the risk for your company. Cite your resources.
What can the sponsor expect to pay on average : 10 students receive marks of at least 75% in one or more of these classes. A sponsor gives a scholarship of $500 to anyone who receives a mark of at least 75% in all three courses. What can the sponsor expect to pay on average
What is the optimal capital structure for this firm : The cost of both depth equity and capital rise as a firm increases its reliance on one or the other. Suppose that a for-profit company has identified the following costs for debt and equity: What is the optimal capital structure for this firm?
Considering replacing the latex molding machine : The ABD company is considering replacing the latex molding machine it uses to fabricate rubber boots with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining useful life of 5 years. ABD can sell it now to anoth..

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