Sampling distribution of the mean

Assignment Help Basic Statistics
Reference no: EM1316709

Crystal Ball has generated the following statistics for a profit forecast.

Statistics

Value

Trials

2000

Mean

$16,047,155

Median

$16,569,474

Mode

---

Standard Deviation

$2,952,831

Variance

9.00E+12

Skewness

-0.94

Kurtosis

3.75

Coeff. of Variability

0.18

Range Minimum

($187,344) 

Range Maximum

$19,994,537

Range Width

$20,181,881

Mean Std. Error

$66,027.30

The 95% confidence interval for the mean of the sampling distribution of the mean is about:

a. 10,259,606 to 21,834,704

b. 11,189,748 to 16,047,155

c. 15,917,741 to 16,176,569

d. 15,938,540 to 16,155,770

Reference no: EM1316709

Questions Cloud

Game between two firms in stackelberg duopoly : Assume two firms, A and B, serve a market with demand D(p) = 100 - p.  Assume that (i) they have identical cost functions, c(Q) = 5Q,
Obtaining higher average payoff : Assume the 3 firms compete for market share over an infinite time horizon.  Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
What is the probability that your mean flight : Assume that flight times from SAN to ATL are exponentially distributed with a mean of 4.5 hours and a standard deviation of 0.2 hours. Assume that you must fly from SAN to ATL weekly for the lucrative consulting engagement for one year (52 flight..
Determining percent confidence interval for population mean : Find out a 95 percent confidence interval for population mean.
Sampling distribution of the mean : The 95% confidence interval for the mean of the sampling distribution of the mean is about:
Computation of security market line : Computation of Security Market Line (SML) of stocks and its analysis and Assume a U.S. Treasury rate of 3% as the risk free rate in your SML
Function of strategies in cournot duopoly : Assume two firms, A and B, serve a market with demand D(p) = 11 - p.  Also assume that (i) firms compete for market share
Activity diagram and a use case diagram : AREI real estate agents utilize its information in order to search AREI’s database and the different listing service for houses which meet their needs.
What is the probability sample mean : The mean television viewing time for Americans is 15 hours per week (Money, November 2003). Assume a sample of 60 Americans is taken to further investigate viewing habits. Suppose the population standard deviation for weekly viewing time is Q = 4..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Chi-square test for independence of attributes

What is the OR of getting cancer fora late child birth woman compared to an early first birth woman?

  What is the probability that the sum of their scores

What is the probability that the sum of their scores exceeds 1200 and probability that the average of the scores of all 400 student

  Transportation problem to minimize the total cost

Modify above problem (Problem 8th) so that each hardware vendor now demands seventy-five (75) units. Any units available from the vendors that are not shipped cost nothing.)

  Claiming using chi-square test

A student team examined parked cars in four different suburban shopping malls. One hundred vehicles were examined in each location.  Research question:  At  α  =  . 05, does vehicle type vary by mall location?

  Posthoc tests lsd and bonferroni

Run an ANOVA using only groups 1 to 6 (You can hide group 7 from the analysis by  data   followed by  select cases   and then you filter out group 7 by  if GROUP~= ). Also run the posthoc tests LSD and Bonferroni.

  Appropriate chi-square distribution

A sample of  n  observations is taken from a population. When performing statistical inference about a population variance, the appropriate chi-square distribution has:

  Mean number of shoes sold at mall using significance level

At.02 significance level is it sensible to conclude that mean number of shoes sold at mall stores is larger than at outlet stores?

  Computing five key percentiles for data

Compute mean, standard deviation, coefficient of variation and 5 key percentiles for these data.

  Truck dealer claims where a new model will give trouble free

To find out the alternate hypotheses also critical value. A truck dealer claims where a new model will give trouble free service for at least 15,000 miles.

  Normal distribution-business problem

A normal distribution with a mean of 55 and a standard deviation of 6 is evaluated to solve a business problem.

  Population of normal distribution

Assume that the process is in control and that the population of all jar fills is normally distributed.

  Find out the forecast value utilizing three month

Find out  the forecast value utilizing three month moving average method, weighted moving average method, exponential smoothing and regression methods.

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