Create confidence interval for mean monthly sales

Assignment Help Basic Statistics
Reference no: EM13125859

A pharmaceutical company wanted to estimate the population mean of monthly sales for their 250 sales people. Forty sales people were randomly selected. Their mean monthly sales were $10,000 with a standard deviation of $1000. Construct a 95% confidence interval for the population mean.

Reference no: EM13125859

Questions Cloud

Correct entry to record : Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2011. The note was accepted as payment of a delinquent receivable of $2,500. What is the correct entry to record the note?
Define percent mass and stoichiometry : Percent Mass and Stoichiometry, You are the science officer on the Starship Enterprise. The ship is circling a new planet. The away team comes back with some rocks and minerals
Information technology has made it simpler : Some people believe that information technology has made enterprise internal control systems more difficult to design and use. Others believe that information technology has made it simpler to control enterprise risks. Which do you believe is true..
How much ice(in grams) would have to melt : How much ice(in grams) would have to melt to lower the temperature 352ml of water from 25degrees celcus to 5 degrees celcus? ( assume the density of water is 1.0g/ml)
Create confidence interval for mean monthly sales : Their mean monthly sales were $10,000 with a standard deviation of $1000. Construct a 95% confidence interval for the population mean.
Digital logic-boolean algebra : Write Boolean expression & draw the gate logic diagram & typical PLC logic ladder diagram for a control system wherein a fan is to run only when all of the following conditions are met:
What is the mass of the copper block : The temperature of a block of copper metal (molar mass 63.55 g mol-1) fell by 8.52 K when the copper block released 64.5 J of heat. What is the mass of the copper block?
Reconcile the amount of net income to the amount of cash : Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued e..
Explain stoichiometry explained in this solution : Stoichiometry explained in this solution, If the yield of CO2 (g) from the reaction of butane with hydrogen peroxide is only 80.65%, with how many grams of butane and hydrogen peroxide

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!

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