Enter the lower bound of the confidence interval

Assignment Help Business Economics
Reference no: EM131172323

Assume the population is normally distributed. Construct 90% confidence interval to estimate the population variance, if the sample variance is 17 and sample size is 22.

a) Enter the lower bound of the confidence interval. (Round to three decimal places).b) Enter the upper bound of the confidence interval. (Round to three decimal places).

Reference no: EM131172323

Questions Cloud

Country is considering increasing the minimum hourly wages : The government of a country is considering increasing the minimum hourly wages by 10 percent. Economists argue that this is going to have a negative effect on employment in the long term. Which of the? following, if? true, would strengthen the? econo..
What reforms are the most important for the business climate : What reforms are the most important for the business climate? How do democratic reforms have a positive impact on international business? Describe the relationship between a market economy and a country's economic progress.
The exchange rate for a currency is : The exchange rate for a currency is
Describe product you remember from childhood : Describe a product you remember from childhood. Note its product life cycle, as you see it. Identify and explain the product in each of the stages of the cycle. Note the competition at each stage in the process. Describe the reasons it is or is not s..
Enter the lower bound of the confidence interval : Assume the population is normally distributed. Construct 90% confidence interval to estimate the population variance, if the sample variance is 17 and sample size is 22. Enter the lower bound of the confidence interval.
Information and unknowns organized and properly labeled : The Acme Candy Company is preparing to offer a new product called the Minty Dark Chocolate Bite Bar. The material costs per unit of the new candy bar are $0.10 for chocolate, $0.02 for sugar, and $ 0.03 for mint flavoring. Create a table of given inf..
Recreational use of marijuana has been declared legal : Recreational use of marijuana has been declared legal in Oregon. How might this information affect the market for marijuana in Oregon?
Decrease in equilibrium quantity of the products : Increase in the equilibrium price and a decrease in equilibrium quantity of the products made with eggs,consider the effect of that price change on the market for items such as mayonnaise, salad dressing and cake mixes, for which eggs are a key ingre..
About the urban legend : Jerry went to a nightclub last weekend. He met a good-looking woman and they hit it off. They spent the night in a motel. When he got up the next morning, the woman was gone. When he went to the bathroom, he saw a message scrawled on the mirror in li..

Reviews

Write a Review

Business Economics Questions & Answers

  Unemployment also job rationing the consequences

Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace

  What is noah and naomis inverse demand function

Suppose the weekly demand for garden benches is Qd = D(P ) = 450 − 2P. What price must they charge if they want to sell 100 benches per week? What price must they charge if they want to sell 150 benches per week? What is Noah and Naomi’s inverse dema..

  What are the most important religious themes

What are the most important religious themes and people that Islam, Judaism, and Christianity have in common? Describe and discuss issues of current concern for Muslims around the world, and the relationship between various schools of Muslim thought.

  Summer employee planning to enter law school in the fall

You are an assistant in a storefront legal office, a summer employee planning to enter law school in the fall. You are assigned to do the initial interview of a new walk-in client. One way that your office stays in business is on its share of just su..

  Practical significance of income elasticity coefficients

What is the practical significance of income elasticity coefficients? Explain the significance using as examples an income elasticity of 3.0 for automobiles and an income elasticity of 0.20 for home-cooked meals.

  AS curves linked to different shape of Phillips curves

What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketch an AS curve and a Phillips curve? How is the shape of the different AS curves linked to the different..

  What fee to charge for expedited payments

Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like. nalyze how does the bank..

  Qsocial regulation is undertaken with the intention of

q.social regulation is undertaken with the intention of improving the quality of life. the agencies most people are

  Perfectly elastic or perfectly inelastic

Suppose the demand curve for UK basketball tickets is perfectly elastic but the supply curve for UK basketball tickets is not perfectly elastic or perfectly inelastic. If the equilibrium price of UK basketball tickets is initially $2, a downsizing of..

  Decided to always spend one-third of her income on clothing

Maria has decided to always spend one-third of her income on clothing.

  Assume interest is compounded monthly

Sam promises to pay Sandy $2,000 in four years and another $3,000 four years later for a loan of $2,000 from Sandy today. What is the interest rate that Sandy is getting? Assume interest is compounded monthly.

  Elucidate how the change will affect equilibrium prices

Explain the pros and cons of using a change in the tax rate to achieve the desired increase in output. Be sure to thoroughly elucidate how the change will affect equilibrium prices, output, and unemployment.

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