Determine the margin of error with given probability

Assignment Help Basic Statistics

Reference no: EM13135842

In order to estimate the average electric usage per month, a sample of 196 houses was selected, and their electric usage determined.

A. Suppose the population standard deviation is 350 kilowatt hours. Determine the standard error of the mean.
B. With a .95 probability, determine the margin of error.

Reference no: EM13135842

Questions Cloud

Determines when there is a tax-free distribution : Determines when there is a tax-free distribution during the post-termination period. Is important in applying loss limitation rules.

Compute the total overhead variance : Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.

Cost of the setup mechanics : If the company allocates the cost of the setup mechanics based on the number of setups, the setup costs to be allocated to an order of 300,000 Nurturing Face Cream jar covers for Aristedes Cosmetics Company would be:

Compute price and quantity labor variances : During August, the company incurs 2,370 hours of direct labor at an hourly cost of $13.65 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances

Determine the margin of error with given probability : Suppose the population standard deviation is 350 kilowatt hours. Determine the standard error of the mean. With a .95 probability, determine the margin of error.

Interpret the phrase "greater good : interpret the phrase "greater good" in planning to lead others in change?

Develop high-fidelity prototype : Develop high-fidelity prototype. Based on the user test feedback and recommendations from the previous phase, develop a high-fidelity prototype (i.e. reasonably complete version) for the Robot Expo information kiosk. Use any combination of HTML5, CSS..

What is the net cash flow attributable to the asset purchase : What is the net cash flow attributable to the asset purchase in each year and the adjusted basis in the asset at the end of each year?

Which of these alternatives should wanda choose : What is the latest date on which Wanda can replace the involuntarily converted property to qualify for &1033?

User Account

All Pages