How large of a sample is needed to be accurate

Assignment Help Basic Statistics
Reference no: EM132046460

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 (σ = 1050), how large of a sample is needed to be accurate within $150 (E = 150)? That is, find n.

Reference no: EM132046460

Questions Cloud

What is firm wacc : The company's beta is 0.7, its tax rate is 40%, the risk-free rate is 2%, and the market risk premium is 4%. What is this firm's WACC?
Women who have breast cancer : Let's assume that 1% of women over the age of 40 have breast cancer, that 90% of women who have breast cancer will test positive for breast cancer
Define and describe insolvency risk : Define and describe Insolvency Risk. Describe the two best protections against insolvency at a Financial Institution
Confidence interval of the mean for all the students : If the sample standard deviation of the population is 900 (s=900), how do you find the 95% confidence interval of the mean for all the students.
How large of a sample is needed to be accurate : If the standard deviation is $1050 (s = 1050), how large of a sample is needed to be accurate within $150 (E = 150)? That is, find n.
Calculate her annual profit and return on investment : Calculate her annual profit and return on investment assuming that she borrows $160,000 at 5 percent.
What is the range of values for probability : 1. What is the range of values for probability? 2. What do we mean by independent trials?
What rate of return did ramon earn on his investment : Using the approximate yield formula, what rate of return did Ramon earn on his investment?
Disadvantages does each have compared to commercial banks : What advantages and disadvantages does each have compared to Commercial Banks?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find the degrees of freedom for unequal variance test

a. Find the degrees of freedom for unequal variance test. (Round down answer to nearest whole number.)

  Subjecting food to a low level of radiation

Some food retailers propose subjecting food to a low level of radiation in order to improve safety, but sale of such "irradiated" food is opposed by many people. Suppose a grocer wants to find out what his customers think.

  Hercules shelving for a storage warehouse

One of your customers, Margaret Port, has referred you to a friend who needs your Hercules Shelving for a storage warehouse

  Level of significance problem

What can we conclude from these figures at a level of significance of .01?

  Using the wilcoxon signed ranks test to evaluate the data

a study is conducted to determine whether sunshine affects depression. eight individuals are given a questionnaire

  Annual maximum wind speed gusts have been modeled as both a

annual maximum wind speed gusts have been modeled as both a type i gumbel and type ii largest extreme value. if the

  Suppose that the service rates at the three stands are

three vendors have vegetable stands in a row. customers arrive at the stands 1 2 and 3 at rates 10 8 and 6. a customer

  Percentage of all costs and expenses

a) What percent of all costs and expenses were cost of revenues in 2005? In 2006? b) What percent of all costs and expenses were due to re- search and development in 2005? In 2006? c) Have general administrative costs grown as a percentage of all cos..

  Good estimation of the population mean

Use technology to find the estimated minium required sample size. The minimum sample size required is ? Computer users round to the nearest whole number. What is a major obstacle to getting a good estimate of the population mean?

  Inverse weibull distribution

Individual loss amounts (ground up) this year follow an inverse Weibull distribution with  τ= 3 and expected value 1000. Next year you con?fidently expect loss amounts to in?ate by 10% uniformly across the board.

  Find the transition probabilities of the markov chain.

Find the stationary distribution of the Markov chain.

  Blood test for the pressure of hiv

A western blot assay is a blood test for the pressure of HIV. It has been found that this test sometimes gives false positive results for HIV.

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