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Assume that a sample is drawn and z(α/2) = 1.65 and σ = 35. Answer the following questions:
(A) If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size?
(B) Given that the sample Size is 400 with this same z(α/2) and σ, what would be the Maximum Error of Estimate?
(C) What happens to the Maximum Error of Estimate as the sample size gets larger?
(D) What effect does the answer to C above have to the size of the confidence interval?
Compute Pearson's correlation coefficient between age and amount spent on this particular product.
A study of 36 members of the Central Park Walkers showed that they could walk at an average rate of 2.6 miles per hour. The sample standard deviation is 0.4. Find the 95% confidence interval for the mean for all walkers.
Develop a 95% confidence interval of the difference between the daily population means for the two airports.
Determine the highest number of miles (to nearest whole number) that motorist could drive in month and still qualify for discount?
An article in Parenting magazine reported that 60% of Americans needed a vacation after visiting their families for the holidays. Suppose this is the true proportion of Americans who feel this way. A random sample of 100 Americans is taken.
To model this fact, we assume that only half of the goods produced during a week can be used to meet the current week's demand (assume that all of the prior week's ending inventory can be used to meet the current week's demand). Determine how to m..
Hypothesis test for difference between two population variances - compare the variation in the selling price of homes on the oceanfront with those one to three blocks from the ocean.
The mean assembly time for a random sample of 24 carts, using the new method, was 40.6 minutes, and the standard deviation of the sample was 2.7 minutes.
Fresh fruit prices and quantity data for years 1988 to 2001 follow (Statistical Abstract of United States, 2002). Quantity data reflect per capita consumption in pounds and prices are per pound.
At the .01 significance level, can we conclude that there is more variation?
A health care professional wishes to estimate the birth weight of infants. How large a sample must she select if she desires to be 90% confident that the true mean is within 6 ounces of the sample mean?
Find out how to minimize cost of meeting demands in Houston and Tampa.
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