Develop a 90% confidence interval for population mean gpa

Assignment Help Econometrics
Reference no: EM13179585

At a particular academically challenging high school, the average GPA of a high school senior is known to be normally distributed with a variance of 0.25. A sample of 20 seniors is taken and their average GPA is found to be 2.71. Develop a 90% confidence interval for the population mean GPA.

Reference no: EM13179585

Questions Cloud

What is the prediction of the weight of someone : What is the prediction for the change in weight of someone who grows 1.5 inches? What is the predicted difference in weight between 2 people who differ by 6 inches in height? (c). Suppose that the sample average of H is 56 inches. What is the sampl..
What is the total number of turkeys caught by avatarians : Assume an avatarian with no training can catch 1 turkey per month. How many turkeys per month can an avatarian with 5 years of training catch? With 8 years of training? With 10 years of training? With 15 years of training? (b) Assume there are 100..
How is the human development index : What are its limitations as an economic measurement? How is the Human Development Index (HDI) a better barometer of economic well-being? What are its advantages and disadvantages?
Calculate the optimal number of machines for the lowest cost : The machining time per piece if 0.164 h, and the machine loading time is 0.038h. With an operator rate of $12.80/h and a machine rate of $14/h, calculate the optimal number of machines for the lowest cost per unit of output.
Develop a 90% confidence interval for population mean gpa : At a particular academically challenging high school, the average GPA of a high school senior is known to be normally distributed with a variance of 0.25. A sample of 20 seniors is taken and their average GPA is found to be 2.71
Determine what is the price elasticity of demand : The demand for personal computers has been estimated to be Q = 500,000 - 700P +200I - 500S. Assume that per capita income I is $13,000 and the average price of software S is $400. When the price of personal computers is P=$3000,
Find a 90% confidence interval for the mean amount : In an examination of purchasing patterns of shoppers, a sample of 16 shoppers revealed that they spent, on average, $54 per hour of shopping. Based on previous years, the population standard deviation is thought to be $21 per hour of shopping.
Explain the citric acid cycle has a catabolic role : The citric acid cycle has a catabolic role, oxidizing acetate into CO2 and generating energy, and an anabolic role. Many of the citric acid cycle intermediates serve as precursors for the biosynthesis of larger molecules. Move each of the followin..
Structures for all products of methyl : Consider All the by products that will be formed by E1/E2 processes for the reaction of 2-methyl, Provide structures for all possible by products b) which alkene would be favored and why?

Reviews

Write a Review

Econometrics Questions & Answers

  What is the value of net exports

Assume that gross private domestic investment is $800 billion and the government (state, local, and federal combined) is currently running a $400 billion deficit. If households and businesses are saving $1,000 billion, what is the value of net exp..

  Consumer price index calculation

The agency of Labor Statistics follows 5-steps to calculate Consumer Price Index. Determine three strengths and three weaknesses of the Consumer Price Index calculation.

  Statistical significance of the parameter

Wilpen Corporation, a price-setting company, manufactures nearly 80% of all tennis balls purchased in the United States.

  Discuss the statistical significance of the parameter

Wilpen Corporation, a price-setting form, manufactures nearly 80% of all tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the linear specifications:

  Calculate the dead weight loss caused by the tax

Draw a supply and demand diagram 2. In equilibrium, how many packs of cigarettes are purchased? What is the equilibrium price? What is consumer surplus and producer surplus in equilibrium? 3. Suppose that a flat tax of $1.50 per unit is imposed on ..

  What is the dollar value of the total surplus

The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $40 and the price at point e is $20 per bag. The price at point f is $32 and the price at point g is $4 per bag. Apply the formula for the area of a trian..

  Determine the total quantity of monthly accounts

In a local market, the monthly price of internet access service decreases from $30 to $20, and the total quantity of monthly accounts across all internet access providers increases from 90,000 to 190,000.

  Calculating herfindahl index

Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share

  What is the probability that a part of drawn at random

The weights of a population of parts made by a certain machine are normally distributed with a mean of ten pounds and a standard deviation of two pounds. What is the probability that a part of drawn at random from the machine weighs between 8 and..

  Net of payment to owners top manager because of the changes

Recently, the owner of a Trader Joe's franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $65,000, and her store made $120,000 in profits (not counting payment to her top manager). She suspec..

  Write down the probability mass function

Simple linear regression predicting the change in performance (in seconds taken to run a race) for 800m runners by the average hours of training undertaken per week during the pre-season.

  Draw the indifference curve

Draw the indifference curve for U = 20. For what values of p1/p2 will the optimum be \(x_{1} = 0\) If neither x1 and x2 is equal to zero and the optimum is unique, what must be the value of x1/x2?

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