Find required sample size to meet the desired accuracy

Assignment Help Basic Statistics
Reference no: EM13153745

a business wants to estimate the true mean annual income of its customers.the business needs to be with in $250 of the true mean. the business estimates the true population standard devuation is around $2,400.If yhe confidence level is 90%, find the required sample size in order to meet the desired accuracy.

Reference no: EM13153745

Questions Cloud

What proportion of their offspring will be carriers : A carrier is represented by Tt. The disease is caused by the genotype tt while normal individuals have the genotype TT.
Morgan was persuaded that group discussion : Morgan was persuaded that group discussion and group decision making could work at Hoffman Restaurant, where she was manager. Once back at the restaurant, she called together thirty servers and relayed this message.
Calculate the equivalent units for kali maniufacturing : Problem 1:Kali Manufacturing Inc. began the year with the following. Units ,beginning work-in-process 20,000 20% complete,Transferred to finished goods 60,000 ,Ending inventory 10,000 70% complete,Materials added at the beginning of the proceRequired..
Where are lysosomes formed : Where are lysosomes formed?
Find required sample size to meet the desired accuracy : The business estimates the true population standard devuation is around $2,400.If yhe confidence level is 90%, find the required sample size in order to meet the desired accuracy.
Happy''s restaurant failed to meet the new work standards : Martin tried her best, but her restaurant knew how she felt about the situation. The servers at this South Carolina Happy's Restaurant failed to meet the new work standards, and the head of the Work Methods and Standards Department blamed Laura Marti..
How many moles of alcl3 are formed : A student takes 148. g of BaCl2, and reacts it according to the following equation:  3BaCl2 + Al2(SO4)3 → 3BaSO4 + 2AlCl3 How many moles of AlCl3 are formed?
How three different processes that occur during sexual life : Briefly describe how three different processes that occur during a sexual life cycle increase the genetic diversity of offspring.
Investment in debt securities at a discount : On May 1, 2010, Kirmer Corp. purchased $450,000 of 12% bonds, interest payable on January 1 and July 1, for $422,800 plus accrued interest. The bonds mature on January 1, 2016.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find percentage-inning games results in fewer than six hits

The distribution of hits/9-innings is approximately normal with mean 8.72 and standard deviation 1.10. Demonstrate, statistically, why a no-hitter is considered an extremely rare occurrence in MLB.

  Explanation of hypothesis testing of population proportion

The researcher estimated that out of the 100 students at least 50% of the students would be exposed to movies and TV w/ crude humor at least 2-4 times per week.

  Fbi report do greater universities tend to have property

FBI Report Do greater universities tend to have more property crime, would you speek that the correlation is low, moderate or high

  Statistics-standard normal probabilities

Let Z be a standard normal random variable. Calculate the following probabilities using the calculator provided. Round your responses to at least three decimal places.

  Single group post-test and internal validity threats

Single group post-test and internal validity threats - Answer the question either by writing the design name or by describing the design using standard notation

  Determine probability of selecting two men and two women

There are 8 men and 4 women in the math club. Four members are selected at random to attend a math conference. Determine the probability of selecting 2 men and 2 women.

  Find probability that customers have a ralph-s card

Customers who enter the store, and ask them if they have a Ralph's card. Suppose they solicit 400 customers one day, and find that 160 of them have a Ralph's card.

  Calculating the probability values

What is the probability that all tree students pick a different card?

  What received correctly for the word to be correct

How does this probability compare to the probability that the word will be received correctly if we didn't use check bits, in which case all 4 bits would have to be received correctly for the word to be correct?

  What is the mean fill of these jars

If the variability of the filling machine is reduced to 0.025 ounce, verify that this will lower the required average amount of coffee to 4.050 ounces and yet keep 98 percent of the jars above 4 ounces.

  Find the inverse probability of given data

The manufacturer would like to establish Inventory levels such that there is only a 5% chance of running out of stock. Where the Manufacturer should set the inventory levels?

  Explain about binomial experiment

Suppose 10 smokers are randomly selected and the number of smokers who started to smoke before the age of 18 is recorded. a) explain why this is binomial experiment.

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