Confidence interval for the true time

Assignment Help Mathematics
Reference no: EM131043796

A random sample of 76 people revealed it took an average (mean) of 60 minutes with a standard deviation of 8 minutes for a person to complete a loan application at the bank. Construct a 90% confidence interval for the true time it takes any person to complete a loan form.

Reference no: EM131043796

Questions Cloud

Assuming that annual effective interest rate remains level : Jasper is bequeathed a thirty year deferred annuity that has a payment at the end of each third year. The first payment is for $15000 and is made five years after she receives inheritance. There is always an increase of $ 4000 from one payment to the..
Modify this alforithm so that it will stop : Modify this alforithm so that it will stop as soon as it recognizes that the list is sorted. Do not use a break statement.
Question regarding the confidence interval for the time : A random sample of 42 salespersons were asked how long on average they were able to talk to a potential customer. Their answers revealed a mean of 8.100000000 with a variance of 6 minutes. Construct a 95% confidence interval for the time it takes ..
Pay off the balance of his loan : Hank purchased a $28,000 car two years ago using a 8 percent, 4-year loan. He has decided that he would sell the car now, if he could get a price that would pay off the balance of his loan. What’s the minimum price Hank would need to receive for his ..
Confidence interval for the true time : A random sample of 76 people revealed it took an average (mean) of 60 minutes with a standard deviation of 8 minutes for a person to complete a loan application at the bank. Construct a 90% confidence interval for the true time it takes any person..
State the appropriate null and alternative hypotheses : A mail-order catalog claims that customers will receive their product within 3 days of ordering. A competitor believes this is an underestimate. State the appropriate null and alternative hypotheses to be tested by the competitor.
How many dollars of interest will you earn by end of term : You have $420 in an account which pays 4.4% compounded annually. If you you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term?
What is the major purpose of depreciation : What is the major purpose of depreciation, and describe at least two ways in which assets can be depreciated. If the ABC Medical group purchased a machine that cost $28,000 and had an estimated useful life of 7 years and an estimated salvage value of..
What is the most expensive car you could afford : You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 10% APR based on end-of-month payments. What is the most expensive car you could afford if you finance it for 48 months? W..

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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