Determining estimated population mean

Assignment Help Basic Statistics

Reference no: EM1315045

Q1) A state meat inspector in Iowa has been given assignment of evaluating the mean net weight of packages of ground chuck labelled "3 pounds." Of course, he realizes that weights cano't be precisely 3 pounds. Sample of 36 packages reveals mean weight to be 3.01 pounds, with the standard deviation of 0.03 pounds.

i) Determine the estimated population mean?

ii) Find out a 95% confidence interval for population me

Q2) Sunshine Farms wishes to know whether there is difference in consumer preference for 2 new juice products-Citrus Fresh and Tropical Taste. In initial blind taste test, 8 arbitrarily chosen consumers were given unmarked samples of two juices. Product which each consumer tasted first was arbitrarily decided by flip of coin. After tasting two juices, each consumer was asked to select which juice he or she favoured, and results were recorded.

Q3)a) Sunshine farms plans to add one of these 2 new juices-citrus Fresh or Tropical taste-to its production schedule. Follow up study will be performed to decide which of two new juices to make. Make one recommendation for follow up study which would make it better than initial study.

b) Give a statistical justification for your suggestion in context of the problem.

Reference no: EM1315045

Questions Cloud

Calculate the galois group : Calculate the Galois group.

Calculation of price of preferred stock with given data''s : Calculation of price of preferred stock with given data's and Compute the price of the preferred stock

Effect on the level of checkable deposits : Illustrate what will be the effect on the level of checkable deposits.

To test the claim using two mean z test : Obtain a test statistic and p -value assuming equal variances. Interpret these results.

Determining estimated population mean : Determine the estimated population mean?

Physiological functions of respiratory system : Explain the general function of Respiratory system and discuss how the Respiratory system contributes to the physiological homeostasis of the human organism?

Mergers and market strategies : Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitor - EIO Corp.- enjoyed sales of $490 million and earned profits of $52 million.

Computation of common stock dividend : Computation of Common stock dividend - Reiner Wholesale Merchandise had 20,000 shares

To test the claim using two mean z test : Obtain a test statistic and p -value assuming equal variances. Interpret these results.

User Account

All Pages