Mean weight of passengers in commercial boats

Assignment Help Finance Basics
Reference no: EM131238554

The United States Coast Guard assumes the mean weight of passengers in commercial boats is 185 pounds. The previous value was lower, but was raised after a tragic boating accident. The standard deviation of passenger weights is 26.7 pounds. The weights of a random sample of 48 commercial boat passengers were recorded. The sample mean was determined to be 177.6 pound. Find the probability that a random sample of passengers will have a weight that is as extreme or more extreme (either above or below the mean) than was observed in this sample.  (round to answer to 3 decimal places)

Reference no: EM131238554

Questions Cloud

Explain three reasons juveniles may engage in violent crimes : Describe two rehabilitative services provided by the juvenile justice system. Explain whether or not each of these rehabilitative services is effective. Justify your response with references to the literature and the Learning Resources.
Compute and interpret the expected value : Suppose a life insurance company sells a $170,000 one-year term life insurance policy to a 22-year old female for $340. The probability that the female survives the year is .999612. Compute and interpret the expected value of this police to the in..
Which of the cases have entropy generation and which do not : To maximize the mass flow rate of air through a given nozzle, which properties should I try to change and in which direction, higher or lower?
Analysis of the topic with regard to community policing : The student should be creative in choosing a topic that peaks their interest and can be sufficiently supported with research, data, and substantiated theory or application and allows them to illustrate their critical thinking and writing skills de..
Mean weight of passengers in commercial boats : The United States Coast Guard assumes the mean weight of passengers in commercial boats is 185 pounds. The previous value was lower, but was raised after a tragic boating accident.
What is the three-fourths rules : What is the Three-Fourths Rules (or Three-Quarters Rule)? How does the Three-Fourths Rule (or Three-Quarters Rule) help prevent misrepresentation of data
Which temperature does a thermometer or thermocouple measure : Which temperature does a thermometer or thermocouple measure? Would you ever need to correct that?
Is there a limit for the mach number for it to work this way : A diffuser is a divergent nozzle used to reduce a flow velocity. Is there a limit for the Mach number for it to work this way?
Researcher developed a questionnaire that measures : Suppose a researcher developed a questionnaire that measures how liberal or conservative one's attitudes are. Low scores indicate that the person has liberal attitudes, whereas high scores indicate conservatism. The following hypothetical data are..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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