Estimate the population mean

Assignment Help Basic Statistics
Reference no: EM131026478

Past experience shows that the standard deviation of the yearly income of textile workers in a certain state is $400. How many textile workers would you need to sample if you wished to estimate the population mean to within $50.00, with probability .95?

Reference no: EM131026478

Questions Cloud

Determine the combination of mice and rats : Ron and Kathy are telemarketers. Ron contacts potential home buyers and is paid $30.00 for each buyer he gets to work with a realtor at the company. Kathy contacts potential sellers and is paid $65.00 for each seller she gets to discuss listing a ..
Utilize the module resources and your own research : Utilize the module resources and your own research to explain the reason for these gaps in IQ scores. Clearly state if you think any of the existing hypotheses are sufficient in explaining this gap.
Reflect on your own experiences as a child : Utilizing the concepts of temperament and attachment, reflect on your own experiences as a child, those of a child you know, or those of a fictional child featured in media.
Show that every element of v can be written as a sum w + c : In exercise (1), show that W is a subspace of V. Let { } be a basis of W. Show that { } is a basis of V.
Estimate the population mean : Past experience shows that the standard deviation of the yearly income of textile workers in a certain state is $400. How many textile workers would you need to sample if you wished to estimate the population mean to within $50.00, with probabilit..
Should the company implement one of the new technologies : What do you recommend? Should the company implement one of the new technologies? Why or why not? An operations analyst suggested that company employees shared a "dump on the clerks" mentality. Explain.
Bounds on the error of estimation : Estimate the true proportion of unemployed workers and place bounds on the error of estimation. How many persons must be sampled to reduce the bound on the error of estimation to .02?
Compare and contrast the biological and behaviorist theories : Compare and contrast the biological, behaviorist, cognitive, and social-cognitive theories an explanation of the strengths and limitations of each.
How to find the mass of a particle : How To Find The Mass Of A Particle In A Spectrometer In Which Two Particles Having The Same Charge And Velocity

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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