Determine statement to make about given range

Assignment Help Basic Statistics
Reference no: EM13108376

A large population of overdue bills has balances that follow the normal curve. When we take the sample of 100 of these average is $500 and SD is $100. (a) Determine statement to make about range $300 to $700? (b) Determine statement to make about range $480 to $520?

Reference no: EM13108376

Questions Cloud

Identify a research question : Please identify a research question that can be addressed with a hypothesis test. An example might be to identify the presence of bacteria in a batch of milk.
Review the examples of experimental research designs : Know the steps and the order of the scientific method and how they can apply to a specific research question (hypothesis). Do psychologists study mental processes or behavioral processes?
Consumers risk and producers risk : From the calculator manufacturer?s point of view, which type of error would be considered more serious and explain why? From the printed circuit supplier?s point of view, which type of error would be considered more serious and explain why?
Determining the reorder point : The injection molding department of a company that operates 24x7 uses an average of 20 gallons of special lubricant per day. It takes two weeks for an order of lubricant to be delivered.
Determine statement to make about given range : When we take the sample of 100 of these average is $500 and SD is $100. (a) Determine statement to make about range $300 to $700?
Construct a table to report the regressions : Construct a table to report the regressions above, which includes the estimates, the standard errors, and adjusted R-square and find the estimated coefficient of ln(Y earsSchool) in Regression B. What is the interpretation of it?
How fair debt collection practices act benefit consumers : How does the Fair Debt Collection Practices Act benefit consumers? Why was the Federal Food, Drug, and Cosmetic Act passed?
What is the estimated standard error : A repeated-measures study comparing two treatments with a sample of n = 4 participants produces a mean of M = 18 with SS = 24 for the scores in the first treatment, a mean of M = 14 with SS = 18 for the scores in the second treatment, and a mean o..
Determine the sample size for poll : That's a much larger sample than standard sample surveys. In spite, we cannot trust result to give good information about any clearly defined population. Explain why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Mean of the sample of a sampling distribution

Egyptians watch an average of 2.5 hours of television per person per day. If the standard deviation for the number of hours of television watched per day is 1.6 and a random sample of 225 Egyptians is selected, the mean of this sample belongs to a..

  Confidence interval for the population mean also interpret

Find out the confidence interval for the population mean also interpret the result. A researcher is interested in whether social assertiveness might be influenced by training procedures.

  Assuming variable normally distributed

find probabilty that the average of those counts is more than 83.0 mosquitoes per square meter. Assume the variable is normally distributed.

  Professional baseball fans

54% of men consider themselves professional baseball fans. You randomly select 10 men and ask if he considers himself a fan. Find the probability that the number who consider themselves professional fans is

  Regression and correlation analysis in doctoral-level

What is the possible uses of regression and correlation analysis in doctoral-level research? Would I be able to use these techniques in my dissertation, or any application in other areas?

  Public opinion of the police department

To determine the public's opinion of the police department, the police chief obtains a cluster sample of 15 census tracts within his jurisdiction and samples all households in the randomly selected tracts. Uniformed police officers go door to door..

  Confidence interval for relevant parameter at time of survey

In 2006, the Florida poll conducted by Florida International University asked whether current environmental regulations are too strict or not too strict. Of 1200 respondents. 229 said they were too strict. Find and interpret a (a) 95%. (b) 99% con..

  Finding standard error of mean

Random sample of 64 services is selected. Assume the population consists of 400 services. Find out the standard error of mean.

  Population standard deviation with 90 percent probability

Using the original data, estimate the population standard deviation with 90% probability.

  Create a probability chart

Make a probability distribution chart using reduced fractions to show the following information: The chart below shows the number of committee members who attended a meeting.

  Determining credit worthiness

Credit card companies use a scoring model to determine the credit worthiness of a prospective card holder. Factors such as income, employment, home ownership, and credit history determine one's score.

  Selecting a random sample from sessions

If you select a random sample of 100 sessions, what is the probability that the sample mean is between 7.8 and 8.2 minutes?

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