Confidence interval for the mean amount spent

Assignment Help Basic Statistics
Reference no: EM131967090

In a random sample of 40 vistors to a certain theme park, it was determined that the mean amount of money spent per person at the park (including the price of the ticket) was $93.43 per day with a standard deviation of $15. Construct a 99% confidence interval for the mean amount spent daily per person at the theme park.

Reference no: EM131967090

Questions Cloud

Why menu-driven interfaces continue to be popular : Despite being a fairly old technology, menu-driven interfaces are very common in user interface design.
Discuss about the hazard obstacles and threat obstacles : Examine the alternative techniques and select the one that you would use for obstacle presentation. Defend your selection.
What is the exact probability that you score : What is the exact probability that you score a 5 by using approximation to estimate
Confidence interval for mean difference in government waste : Construct a 95% confidence interval for (the mean difference in government waste.
Confidence interval for the mean amount spent : Construct a 99% confidence interval for the mean amount spent daily per person at the theme park.
How large a sample should she take : She wishes the confidence interval to be of the form "plus or minus 3 grams," and is willing to assume that the population standard deviation is equal to 12.
Explain the use of the technique to secure and manage wlan : Explain the use(evaluation)of the technique to secure and/or manage WLAN. oDiscuss dual bands and its advantages oSecurity implications
What is the probability that 6 or more : If a sample of 8 bulbs are selected, what is the probability that 6 or more of them are not defective.
Confidence interval estimate of the population mean : Use the sample values to construct a 99% confidence interval estimate of the population mean. What is the population? Identify at least one major problem

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimate of the chance of a failure

Suppose 1 in 100,000 is a correct estimate of the chance of such a failure. If a shuttle was launched every day, about how many failures would one expect.

  Probability that both students read less per minute

If two students were selected at random, what is the probability that they would both read at less than 400 words per minute?

  Quality control-binomial probability

The quality control inspector of a production plant will reject a batch of syringes if two or more defective syringes are found in a random sample of 8 syringes taken from the batch. Suppose the batch contains 1% defective syringes.

  What is the probability of having the same number when

what is the probability of having the same number when rolling two dices? what is the probability of having at least

  Random sample from a normal distribution

Test the hypothesis that the 50 values in Table 9.26 form a random sample from a normal distribution for which the mean is 26 and the variance is 4.

  Types of transportation challenges

What types of transportation challenges must organizations take into account when considering global sourcing?

  Strategy for statistically testing new diabetics drug

Let's say I have a new drug that I think helps diabetics. So I perform clinical trials in accordance with the FDA requirements. I give one randomly selected groups of diabetics the drug, and another sample gets a placebo pill.

  Confidence interval for the proportion

In a poll of 2,003 adults within the United States for the Wall Street Journal, 57% of adults said that public education needs to be improved. Construct a 95% confidence interval for the proportion of all U. S. adults who hold this opinion.

  What is the margin of error of their estimate

Ignoring the fact that the Student Monitor used a more complex sampling design and, instead, treating it as an SRS, what is the margin of error of their estimate for 95% confidence?

  What is the probability that neither has installed an ess

If two households are chosen at random from this suburb, what is the probability that neither has installed an electronic security system(ESS)?

  Suppose we want to test thenbsph0 that left-handed women

2391 women are asked which hand they preferred to use and which foot they preferred to use with results as right hand

  Examine that the distribution is skewed

If a distribution is skewed to the right with no outliers, We can't tell without examining the data.

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