How large a sample is needed to be accurate

Assignment Help Basic Statistics
Reference no: EM13123053

Teachers' Salaries A researcher is interested in estimating the average salary of teachers In a large urban school district. She wants to be 95% confident that her estimate is correct. If the standard deviation is $1050, how large a sample is needed to be accurate within $200?

Reference no: EM13123053

Questions Cloud

Describe and compute the tax consequences to both parties : Two parties seek to perform a like-kind exchange. The first party has real property with a FMV of $350,000 and a loan of $50,000. She purchased the property for $150,000 in 1996 and has since depreciated the property by $50,000.
Investments with maturities : Cash equivalents are generally investments with maturities of :
Terrorism and criminal activity : Step 1: Use the Internet to research a topic of your choice.  Step 2: Write a 3- 4 paragraph essay on   Terrorism and Criminal Activity. Your essay should include an introduction, a body paragraph or two, and a conclusion.
Information about graphing word problems : Kira owes $6125 and agrees to pay $175 a month until paid. Let A represent the amount owed (in dollars) and let N represent the number of payments made.
How large a sample is needed to be accurate : She wants to be 95% confident that her estimate is correct. If the standard deviation is $1050, how large a sample is needed to be accurate within $200?
Shortest counting time required for the percentage error : A Geiger-Muller tube and a scaler record approximately 50 counts per second due to a radioactive source. What is the shortest counting time required so that the percentage error of the counts will not exceed 1%?
What does it mean to audit around the computer : How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?
Explain how might it do so without being currently taxed : A U.S. manufacturer wants to conduct business through a foreign subsidiary organized in a low tax jurisdiction. Explain how might it do so without being currently taxed on the subsidiary’s foreign earnings?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Similar population standard deviations

Construct a 99% confidence interval for the difference between the true average boot times of the two types of hard drives. Assume the difference will represent (HDD-SSD) and that the population standard deviations are statistically the same.

  F-statistic and the y intercept

In a regression analysis, three independent variables are used in the equation based on a sample of forty observations. What are the degrees of freedom associated with the F-statistic?

  Confidence interval for the average number of hours

A market researcher wants to find the 99% Confidence Interval for the average number of hours people spend online each day.

  Applied statistics in business and economics

Assuming that the data is normally distributed and the sample size is greater than 30, calculate the critical values for a two tailed and a one-tailed test when alpha = 0.05

  Compute probability that first card is a spade

Three cards are randomly selected from an ordinary deck of cards without replacement Compute the probability that the first card is a spade given that the second and third are spades.

  Probability requirement of binomial distribution

Each of four tasters picks one coffee anyway (not knowing which is which, because the coffee is in identical cups). What is the probability that a) All four tasters choose Tasty Bean?

  Information about quantitative reasoning for business

Please assist regarding an index based on how people feel about the economy. In this case, the base was 1985 and set at 100.

  T-test weight of newborn babies

The mean weight of newborn infants at a community hospital is 6.6 pounds. A sample of seven infants is randomly selected

  System of inequalities and graph of radios

Write a system of inequalities representing this situation. Then draw a graph of the feasible region given these conditions, in which x is the number of AM radios and y is the number of AM/FM radios.

  Question on statistics test mutual funds

Fidelity Magellan is a large cap growth mutual fund and Fidelity Small Cap Stock is a small cap growth mutual fund (Morningstar Funds 500, 2006).

  Mean annual salary of the employees of the business

The mean salary of the nine employees of a small business is $52,000 per year. One employee, whose salary was $68,000, was red. Two new employees, who will each be paid a salary of $40,000, are hired. What is the new mean annual salary of the emp..

  What chebyshev-s theorem say about percentage of employees

Standard deviation of 2.5 minutes. What does Chebyshev's Theorem say about the percentage of employees with commuting times between 58.6 minutes and 68.6 minutes?

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