Estimate the mean number of miles

Assignment Help Mathematics
Reference no: EM13202321

A researcher wishes to estimate the mean number of miles on 3-year-old Chevy Cavaliers.

a. How many cars should be in a sample to estimate the mean number of miles within 2000 miles with 98% confidence, assuming that σ=16,100? 6 pts

b. How many cars should be in a sample to estimate the mean number of miles within 1000 miles with 98% confidence, assuming that σ=16,100?

 

Reference no: EM13202321

Questions Cloud

How consumers and incumbent firm influenced by externalities : Entry of firms in a monopolistically competitive industry is characterized by two "external" effects. What are these effects and how do they affect a monopolistically competitive firm. How are consumers and incumbent firms influenced by these exte..
What is the area of the largest possible norman window : A Norman window has the shape of a semicircle atop a rectangle so that the diameter of the semicircle is equal to the width of the rectangle. What is the area of the largest possible Norman window with a perimeter of 25 feet?
At what rate is the base of the triangle changing : At what rate is the base of the triangle changing when the altitude is 11.5 centimeters and the area is 86 square centimeters?
Calculate wacc based on both book value and market value : The current market value of Genatron's long-term debt is $350,000. The common stock price is $20 per share and there are 30,000 shares outstanding. Calculate the WACC
Estimate the mean number of miles : A researcher wishes to estimate the mean number of miles on 3-year-old Chevy Cavaliers.
Should a monopolist produce quantities of product greater : Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit Should a monopolist produce quantities of product greater than that which would maximize profits
Find the rate at which water is being pumped into the tank : If the water level is rising at a rate of 24 cm/min when the height of the water is 3.5 m, find the rate at which water is being pumped into the tank.
How many hours fishing per day he work in order to earn : The fisherman has a fixed cost of $200 per day and variable costs of $150 per hour (wages and fuel). Fill in the information missing in the following table. Hours/ day Total Fixed Costs Total Variable Costs Total Costs Marginal Costs
What is the marginal product of fishing for hour spent : In order to determine whether time is being spent optimally, a commercial fisherman has recorded the following information over the past year: "hours spent fishing" and "quantity of fish caught." What is the marginal product of fishing for hour sp..

Reviews

Write a Review

Mathematics Questions & Answers

  Utilizing malthus method

Utilizing malthus method, Suppose that a culture of bacteria has initial population of n=100. If the population doubles every three days

  Complex and real solutions

Let A be a complex number and B a real number. Show that the equation |z|^2+Re(Az)+B=0 has a solution if and only if |A|^2 >= 4B. If this is so, show that the solutions set is a circle or a single point.

  Real-life applications of functions

Describe a real world situation that could be modeled by a function that is increasing, then constant, then decreasing. What would be the difficulties associated with modeling this situation?

  Compute empirical probability - coin toss

Empirical Probability - Coin Toss. Use the empirical method to estimate the probability. You count 42 heads when you toss a coin 100 times

  Binomial probability- survey of drivers

Binomial Probability: Survey of Drivers, The graph below shows the results of a survey of drivers who were asked to name the most annoying habit of other drivers. You randomly select six people who participate in the survey and ask each one of the..

  Generally eliminate bias in a sample

Increasing sample size will generally eliminate bias in a sample.

  At what rate is the spot moving

A lighthouse is fixed 160 feet from a straight shoreline. A spotlight revolves at a rate of 17 revolutions per minute, (34 rad/min ), shining a spot along the shoreline as it spins. At what rate is the spot moving when it is along the shoreline 16..

  Find the demand function

When the ticket price is 7 dollars the average attendance is 45000. When the price is dropped to 5 dollars then the average attendance rises to 50000. Find the demand function and how should the ticket price be set to maximize revenue?

  Define the variables

How many days would the company have to operate each factory in order to fill an order for exactly 500 baseline and 325 GT cars?

  Find the work done pulling the bucket to the top of the well

The bucket is filled with 44 pounds of water and is pulled up at a rate of 2.9 feet per second, but water leaks out of a hole in the bucket at a rate of 0.15 pounds per second. Find the work done pulling the bucket to the top of the well.

  Someone tell me if this is right

Products that would be used in calculating GDP include

  Determining discrete topology

A covering map is a map p: E -> B with the property that each point b, an element of B, has a neighborhood U such that p^-1(U) is a disjoint union of open sets V_alpha

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