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

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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