Find the sample size to estimate the mean

Assignment Help Basic Statistics
Reference no: EM13216066

1. A random variable is binomially distributed with n = 16 and π = .40. The expected value and standard deviation of the variables are:

A. 2.00 and 1.24
B. 4.80 and 4.00
C. 6.40 and 1.96
D. 2.00 and 1.20

2. If σ = 12, find the sample size to estimate the mean with an error of ± 4 and 95 percent confidence (rounded to the next higher integer).

A. 75
B. 35
C. 58
D. 113

3. The owner of Torpid Oaks B&B wanted to know the average distance its guests had traveled. A random sample of 16 guests showed a mean distance of 85 miles with a standard deviation of 32 miles. The 90 percent confidence interval (in miles) for the mean is approximately:

A. (71.0, 99.0)
B. (71.8, 98.2)
C. (74.3, 95.7)
D. (68.7, 103.2)

Reference no: EM13216066

Questions Cloud

Prepare an income statement through gross pro?t : (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross pro?t. (c) Prepare the current assets section of the balance sheet at December 31.
Explain what purpose does hrm serve in an organization : What are the four basic HRM functions? How exactly do these functions assist the organization in reaching its goals? What purpose does HRM serve in an organization?
What is the decision rule : What is the decision rule and What is your decision regarding H0 - The value of the test statistic is . (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
Indicate the proportions passing business mathematics : Suppose Crane and Egret are two very small colleges, the results of the beginning Business Mathematics course at each of the two schools are given in the table. Count Pass Fail Expect Crane 8 14 7.6 14.4 Egret 1 3 1.4 2.6
Find the sample size to estimate the mean : A random variable is binomially distributed with n = 16 and π = .40. The expected value and standard deviation - find the sample size to estimate the mean with an error of ± 4 and 95 percent confidence (rounded to the next higher integer).
Define business strategy : The project may draw on items from the online environment-newspapers, magazines, and websites-to provide current (i.e., within the last year) examples of course-related topics (i.e., Business Strategy). Relevance and probable interest to the class..
What accounts for the investments in accordance with ias 39 : Rolling Thunder decided to discontinue its entire wholesale division (a major line of business) and to keep its manufacturing division. On September 15, it sold the wholesale division to Dylane Corp. During 2014, there were 800,000 common shares o..
State the boston consulting group''s portfolio analysis grid : the Boston Consulting Group's portfolio analysis grid. Which ones are stars, cows, dogs, or question marks? This may require some research about the company and its products, so be sure to add the sources you have used for your information.
Interpret confidence interval : Compute the 99% confidence interval for the proportion of clocks with errors in assembly and interpret this confidence interval.

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