User Account

All Pages

Find the mean volume of sales for a sample

Assignment Help Basic Statistics
Reference no: EM131718020

Question: The mean volume of sales for a sample of 100 sales representatives is $25,350 per month. The sample standard deviation is $7,490. The vice president for sales would like to know whether this result is significantly different from $24,000 at a 95 percent confidence level. Set up the appropriate null and alternative hypotheses, and perform the appropriate statistical test.

Reference no: EM131718020

Questions Cloud

Population survey of patients in a rehabilitation : In a population survey of patients in a rehabilitation hospital, the mean length of stay in the hospital was 12.0 weeks, with a standard deviation
Smartphones in meetings or classes : If 5 adult smartphone users are randomly? selected, find the probability that exactly 2 of them use their smartphones in meetings or classes.
Determine the inventory cost by the first-out method : Determine the inventory cost by (a) the first-out method, (b) the last-in method, and (c) the weighted average cost method
Describe the number and demographics of participants : Describe the number and demographics of participants; who participated in the research described in the article?
Find the mean volume of sales for a sample : The mean volume of sales for a sample of 100 sales representatives is $25,350 per month. The sample standard deviation is $7,490.
What type of adjustment is needed : For a sample of 20 units, the company observes the number of defects. It does not know what type of adjustment is needed.
Discuss medication before talk therapy would be effective : Name a disorder that would almost certainly need medication before talk therapy would be effective, and explain why
Evaluate sizes of tire inventories for retail outlets : Larry Bomser has been asked to evaluate sizes of tire inventories for retail outlets of a major tire manufacturer. From a sample of 120 stores he has found.
What is the probability that exactly : 1. If a seed is planted, it has a 60% chance of growing into a healthy plant. If 9 seeds are planted, what is the probability that exactly 3 don't grow?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Pre-implantation genetic diagnosis

Research the topic "Pre-implantation Genetic Diagnosis" and discuss the pros and cons of this approach to reducing or eliminating diseases.

  Probability that the average score of the 36 golfers

The average score of all pro golfers for a particular course has a mean of 70 and a standard deviation of 3.0. Assume 36 golfers played the course today. Find the probability that the average score of the 36 golfers exceeded 71.

  Calculate the probability of a type ii error if the true

waiters at finegolds restaurant and lounge earn most of their income from tips. each waiter is required to tip-out a

  Calculate the control limits in the organization

Describe what type of control chart you can use and how do you calculate the control limits (provide formula) to check if the calculate the control limits in this organization is in control.

  An experiment involves selecting a random sample of 283

an experiment involves selecting a random sample of 283 middle managers study. one item of interest is their mean

  One-parameter weibull population

The probability density of a one-parameter Weibull distribution is given by r2αxe-αx2 , x > 0 f(x) = 0, otherwise. (a) Using a random sample of size n, obtain a moment estimator for α.

  In a biomedical research activity it was determined that

in a biomedical research activity it was determined that the survival time in weeks of an animal when subjected to a

  A significant interaction effect indicates that the

a significant interaction effect indicates thata. the influence of one factor is not the same for each level of the

  A study of fill volumes is conducted at a food canning

a study of fill volumes is conducted at a food canning factory to determine the level of consistency between the two

  Calculate the lowest value of slenderness ratio

A pin-connected axially loaded compression member is made of an aluminum alloy. The proportional limit of the material is 220 MPa and the modulus of elasticity.

  Compute the median and quartiles

Compute the mean and standard deviation using the formulas given in this book. Check your results by entering the data into a statistical package.

  Problem regarding the gaussian elimination

Mike, Joe and Bill are Painting a fence. The painting can be finished if Mike and Joe work together for 4 hours and Bill works alone for 2 hours, or if Mike and Joe work together for 2 hours, and Bill works alone for 5 hours, or if Mike works alon..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd