Find the probability that the sample mean

Assignment Help Basic Statistics
Reference no: EM131319357

Question: A survey found that an American Family generates an average of 17.2 lb of glass garbage each year. Assume that the standard deviation of the distribution is 2.5 pounds. If a sample of 55 families is randomly selected, find the probability that the sample mean is

a.) between 12 and 18 lb?

b.) below 16 lb?

c.) Above 18lb?

Reference no: EM131319357

Questions Cloud

Explain the scope of your house-building project : You are the project manager in charge of building a house in Ashburn, Virginia. The house is a five-bedroom home estimated to cost $1.2 million dollars and has to be completed in 24 months. Identify at least 20 activities required to complete this..
How do redundant arrays of independent disks (raid) work : What codes are used, and how far are these systems from the Shannon limit for the problem they are solving? How would you design a better RAID system? Some information is provided in the solution section.
Calculate the expected payoff from playing : Calculate the expected payoff from playing this game.
What is the current price of the call : Consider a two-period, two-state world. Let the current stock price be $35 and the risk-free rate be 5%. What is the current price of the call? What is the initial hedge ratio?
Find the probability that the sample mean : Question: A survey found that an American Family generates an average of 17.2 lb of glass garbage each year. Assume that the standard deviation of the distribution is 2.5 pounds. If a sample of 55 families is randomly selected, find the probabilit..
Estimated from the samples described : The margin of error is = _______ (round to the nearest tenth as needed) Find the 95% confidence interval= _______ (round to the nearest tenth as needed)
What is the expected return of investing in company c : Company A has a beta of 2.77. Company B has a beta of .73. Company C has a beta of .90. The risk free rate is 6% and the market risk premium is 4%. What is the expected return of investing in Company C?
What is the expected return on the market portfolio : Suppose the yield on short-term government securities (perceived to be risk-free) is about 3%. Suppose also that the expected return required by the market for a portfolio with a beta of 1 is 13.5%. According to the capital asset pricing model: Wh..
Discuss the business strategy of your selected company : Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work, one in which you have access, or one of such substance that significant internet material is available for yo..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determine if there are patterns of either excellence or lack

These can have a large impact on tenure and promotion decisions at many institutions. One particular instructor had ratings in 3 courses in one semester as given by the table below for the statement "The instructor is an excellent teacher.

  Estimating median and first and third quartiles

Then use ogive to estimate median and first and third quartiles. Also utilize it to reply following question: What percent of 60 mutual fund loads are less than 75.

  Information about practical business statistics

Your bakery produces loaves of bread with '1 pound' written on the label. Here are weights of randomly sampled loaves from today's production:

  A random sample of 16 students from the student body of a

a random sample of 16 students from the student body of a large university had an average age of 25 years and a sample

  Why might strati?cation by province be a good thing

List two socioeconomic factors that would be appropriate to use for strati?cation. Explain how each factor would relate to the consumption of alcohol in general and of wine in particular.

  Find relationship between independent and dependent variable

Which regression models explain less than 50% of the observed variation between the actual values of the dependent variable and the mean value of the dependent variable values for the sample data set?

  Audience insights-communicating to teens

The report "Audience Insights: Communicating to Teens (Aged 12-17)" (www.cdc.gov, 2009) de- scribed teens' attitudes about traditional media, such as TV, movies, and newspapers.

  The number of monthly breakdowns of a computer is a random

the number of monthly breakdowns of a computer is a random variable having poisson distribution with lambda1.8. use

  Develop a venn diagram to illustrate the data

Develop a Venn diagram to illustrate the data, hence use it to find the probability that a worker picked at random: (1) Does not speaker English, (2) Speak neither of the languages, (3) Speak French and Russian but not English.

  What is the upper control limit

A school tracks the absences of pupils as part of a flu surveillance system. Regular reporting of absences among 25 students in grade 1 are taken, and based on these data, the long-run proportion of absences under normal conditions is estimated to..

  Can i figure this out in excel or megastat

How would figure out a 90% and 95% confidence interval for the below informaion? What would be the formula? Can I figure this out in Excel or Megastat? How would I do that?

  Each question has 4 possible answers of which one is

a multiple choice test consists of 60 questions. each question has 4 possible answers of which one is correct. if

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