User Account

All Pages

Confidence interval for the mean price

Assignment Help Basic Statistics
Reference no: EM13944014

A sample survey of 54 discount brokers showed that the mean price charged for a trade of 100 shares at $50 per share was $33.77 (AAII Journal, February 2006). The survey is conducted annually. With the historical data available, assume a known population standard deviation of $15.

1. Using the sample data, what is the margin of error associated with a 95% confidence interval?

2. Develop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share.

Reference no: EM13944014

Questions Cloud

Cumulative preferred stock : Arp. Corp's outstanding capital stock at December 15, 2013 consisted of the following: 30,000 shares of 5% cumulative preferred stock, par value $10 per share,
Morality matter of reason and conscience, not religiou faith : Consider any of Rachels three objections to the theory of divine command. Do you think he is onto something here? Are there implications for either the divine or moral law if Rachels is right in his objection?
Anti-ageing product target chinese market : Our company is Kore Skin Care http://koreskincare.com.au/ that focuses on anti-ageing product target Chinese market, In (Guangzhou region) The target market is the middle-age women.
Mains part of an item of equipment through or across : ________ is current that flows from the mains part of an item of equipment through or across the insulation into the protective earth conductor.
Confidence interval for the mean price : Using the sample data, what is the margin of error associated with a 95% confidence interval? Develop a 95% confidence interval for the mean price charged by discount brokers for a trade of 100 shares at $50 per share.
What are some ethics and privacy issues : What are some ethics and privacy issues associated with developing a fitness application and website? What are some solutions to control these risks?
Transaction lacks commercial substance : Amble Inc. exchanged a truck with a carrying value of $12,000 and a fair value of $20,000 for a truck and $5,000 cash. The transaction lacks commercial substance.
Create a chart for each sales person in the categories : Open Excel and start with a blank spreadsheet. In cell A10 type in the words "iHaul Sales Force Facts and Figures" - do not use quotes, do use font size 16, and make the text bold.
Improve human memory in different professional settings : How could findings from the experiment be applied to develop policies or procedures to improve human memory in different professional settings? What strengths or weaknesses in human memory do the experiments highlight that would be important for p..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd