Confidence interval for the mean length

Assignment Help Finance Basics
Reference no: EM131191043

Scenario: A quality control engineer is interested in the mean length of sheet insulation being cut automatically by machine. It is known that the standard deviation in the cutting length that this machine produces is 0.15 feet. A sample of 70 cut sheets yields a mean length of 12.14 feet. This sample will be used to obtain a confidence interval for the mean length cut by machine. Referring to Scenario 1, the Z value to use in obtaining the 95% confidence interval is approximately ________.

  • 1.75
  • 1.96
  • 2.58
  • 1.645

Reference no: EM131191043

Questions Cloud

Determine the sufficiency of the evidence : Analyze the balance sheet and income statement of the company that you have selected,- determine the sufficiency of the evidence.
Strategic planning in healthcare : MHA626: Strategic Planning & Marketing in Health Care - developing a strategic plan is to define the vision of the organizations or any specific unit of the organization.
Probability that two trucks will be selected : An automobile manufacturing plant produced 29 vehicles today: 10 were sedans, 10 were vans, and 9 were trucks. Plant managers are going to choose two of these vehicles for thorough inspection. The first vehicle will be chosen at random, and then t..
Discuss deductions for the individual taxpayer : Explain qualification of dependency as it relates to claiming dependent exemptions from taxable income.-Discuss deductions for the individual taxpayer.
Confidence interval for the mean length : A sample of 70 cut sheets yields a mean length of 12.14 feet. This sample will be used to obtain a confidence interval for the mean length cut by machine. Referring to Scenario 1, the Z value to use in obtaining the 95% confidence interval is appr..
Summarize of article from single cells a vast kingdom arose : Read the New York Times article entitled "From Single Cells, a Vast Kingdom Arose" found here then provide a summary of the article. Next discuss what you believe to be the origins of animals.
Describe two financial career options : Describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company.
Confidence interval estimate for the population mean time : a. Construct a 99 percent confidence interval estimate for the population mean time spent by NU students commuting daily to campus? b. Within 99 percent confidence, what sample size is needed if NU wants to be within (+/-) 1 minute of the true po..
Draw the logic diagram of the flip-flop : Show that when the asynchronous-clear input is logic-I. it has no effect on the normal operation of the circuit.

Reviews

Write a Review

Finance Basics Questions & Answers

  An investor in the 35 percent tax bracket may purchase a

an investor in the 35 percent tax bracket may purchase a corporate bond that is rated double a and is traded on the new

  Calculate the one year forward exchange rate

Calculate the one year forward exchange rate.

  A recent study on teenage pregnancy indicates that 5 of

a recent study on teenage pregnancy indicates that 5 of the female population will get pregnant at some point. the

  Which swap candidate would be the best choice

Do you see any reason why Marlene should switch from her present bond holding into one of the other issues? If so, which swap candidate would be the best choice? Why?

  An organization to foster extrinsic motivation

1. Determine which is better for an organization - to foster extrinsic motivation in its employees or intrinsic motivation in its employees. Explain your reasoning.

  Generating correlated bivariate normal variables

Step 2: Generate 10000 bivariate normal random variables using Excel and the above transformation [recall the use of NORMSINV (Rand ())].

  What is its cost

A company has 100000 shares of Rs 100 at par of preference shares outstanding at 9.75 per cent divident rate. The current market price of the prefernce share is Rs 80. What is its cost?

  Transfer of learning across courses in an mba curriculum

Transfer of learning across courses in an MBA curriculum: a managerial finance case study

  Determine the five year equivalent annual annuity of the

determine the five year equivalent annual annuity of the folowing project if the appropriate deiscount rate is 16

  Type of the option contracts

On Aug 10th, Ali expected that Tower stock price will increase during the coming two months. Therefore, he purchased an option for $4 per share; exercise price was $40 per share, On Sept 20th, Tower stock price was $50 per share.

  What is the total cost over the first year to invest in fund

The commission on the purchase price is 3%, and the fund charges a 1% annual management fee and a $10 annual administrative charge. What is the total cost over the first year to invest in this fund?

  Tunney industries can issue perpetual preferred stock at a

tunney industries can issue perpetual preferred stock at a price of 64.00 a share. the stock would pay a constant

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