User Account

All Pages

Confidence interval for the true mean age of population

Assignment Help Finance Basics
Reference no: EM132385075

You are a diabetes nurse educator that offers monthly group sessions for people living in the community that have been diagnosed with type II diabetes (T2DM). You randomly sample 10 clients attending one of your sessions, and find the mean age of the sample is 27. Assume the population of people living in the community with T2DM is approximately normally distributed with a known variance of 20.

(i) Assuming α= 0.05, can you conclude that the true mean age of the clients attending your sessions is 30?

What is the 95% confidence interval for the true mean age of this population?

Reference no: EM132385075

Questions Cloud

Is this a one-sided or two-sided test : (i) Is this a one-sided or two-sided test, why? (ii) Do the data indicate that there is no cause of concern (assume a=0.05)?
Familial aggregation of cholesterol levels : You are interested in the familial aggregation of cholesterol levels. Suppose cholesterol levels are assessed in 100 children, 2 to 14 years of age
Confidence interval for the difference between the two means : You are interested in whether the data you have collected provide sufficient evidence to indicate a difference in mean serum uric acid levels between individual
Find the probability that in a sample of 8 customers : Find the probability that in a sample of 8 customers, none of the 8 will order a nonalcoholic beverage. (Round your answer to 4 decimal places.)
Confidence interval for the true mean age of population : What is the 95% confidence interval for the true mean age of this population?
What is the expected percentage-number of rejects : If the tolerance specified for the process is 50 +/-0.15mm, what is the expected percentage/number of rejects in a batch of 1 million?
Expected number of admissions for the fall semester : Compute the variance and the standard deviation of the number of admissions. (Round your standard deviation to 2 decimal places.)
Count the number of strings of length : We want to count the number of strings of length 5 from the English alphabet (A, B, ¨ ¨ ¨ , Z) subject to a number of different constraints.
Should martin use the study : (a) Should Martin use the study? Why? (b) If the study is done and the results are favorable, what would Martin's expected profit be?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the price of a european put option

You come across a European call that has 6 months to expiration and has an expiration price of $30 which is priced at $2 by the market.

  Compute t-bills

One-year Treasury bills yield 6%, while Treasury notes with two year maturities yield 6.7%. If the expectations theory holds.

  What is the aftertax cost of debt

What is the aftertax cost of debt? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Cost of debt %

  Administrative procedure act intend to remedy

What historical problems did the administrative procedure act intend to remedy?

  Estimating the percent confidence interval

Assuming a normal distribution, construct a 99 percent confidence interval for µ.

  Calculate falcon price-earnings ratio before the buyback

i) If the observer's argument is correct, what will Falcon's share price be after the buyback?

  What is the yield on a 20 year t-bond

The applicable MRP is 2% for a 20 year bond. What is the yield on a 20 year T-bond (which is default free and trades in a very active market?

  What is the purpose of an elevator speech

What is the purpose of an elevator speech? Why is preparing an elevator speech one of the first things an entrepreneur should do in the process of raising.

  How long until these bonds may first be called

The bonds have a yield to call of 6.5 percent and a yield to maturity of 7.4 percent. How long until these bonds may first be called?

  Meant by incremental cost of borrowing additional fund

Under what conditions might a property with an assumable loan sell for more than comparable properties with no assumable loans available?

  What is the firm total debt ratio

Costello Corp. has total assets of $200 million; long-term debt of $50 million; and total owner's equity of $120 million. What is the firm's total debt ratio?

  How long will it take for the account to be paid off

If the current balance is $14,790, how long will it take for the account to be paid off?

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