Standard deviation of the prices

Assignment Help Basic Statistics
Reference no: EM1397340

Based on the custom "rule-of-thumb" for estimating the standard deviation, if the range of prices for a product sold in Kansas City is between $99 and $349, an estimate of the standard deviation of the prices would be about:

Reference no: EM1397340

Questions Cloud

How many molecules of nadph are produced : Calculate change in Eo' and change in Go' for the light reactions in higher plants when the four-electron oxidation of H2O (to O2) is used to reduce NADP+ to NADPH.
Describe at least four functional similarities : Describe at least four functional (not structural) similarities between the purple bacterial photosynthetic reaction center (P860), and the PSI reaction center of green plants.
Define nursery and plant company are expected to double : Eli Lilly is very excited because sales for his nursery and Plant Company are expected to double from $600,000 to $1,200,000 next year. Eli records that net assets (Assets - liabilities) will remain at 50 percent of sales.
Linear regression model for the data : An education task force looking at poverty levels in the United States has collected data for each state and the District of Columbia on the total number of people below the poverty level and the number of adults over the age of 25 who did not g..
Standard deviation of the prices : Based on the custom "rule-of-thumb" for estimating the standard deviation, if the range of prices for a product sold in Kansas City is between $99 and $349, an estimate of the standard deviation of the prices would be about:
What is the direct electron donor : Pheophytin and Ao (a chlorophyll a molecule whose ?max is 690 nm) are the primary electron acceptors of PS II and PSI, respectively.
Content of e-mail rightfully belongs to sender-receiver : Who does content of e-mail rightfully belongs to sender or receiver? Are security threats overblown? Present the example to support response.
Explain a friend proposals to share introduction to business : A friend proposals to share with you a term paper previously prepared for her Introduction to Business. When you say her that it wouldn't be fair, she prompts you of your habit of reading an entire Harry Potter book at the local bookstore without ..
What is the function of lysosome : What is the function of lysosome.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Analysing family monthly gaoline purchases

The average monthly gasoline purchase for a family with 2 cars is 90 gallons. This statistic has a normal distribution with a standard deviation of 10 gallons. A family is chosen at random.

  Estimate z-score and raw score using normal distribution

Compute the score based on their appropriate class means and standard deviations:

  Random-stratified-systematic-cluster-convenience

Identify and justify which type of sampling (random, stratified, systematic, cluster, convenience) is used in the following examples.

  Describing z-score within standard deviations of mean

It is not unusual for a battery to have life span that is more than 2470 hours as the z-score is  within 2 standard deviations of mean.

  Mean and median measures of central tendency

Please address the following question: When is the mean the best measure of central tendency? When is the median the best measure of central tendency?

  Finding of sample size for population mean

How many boxes must the processor sample to be 95 percent confident that the sample mean does not differ from the population mean by more than 0.2 pounds?

  Sample size for estimating the population proportion

Suppose that past data are not available for developing a planning value for p; therefore, you will use p = 0.050 for the planning average.

  Shipping schedule using transshipment model

Determine the most economical monthly shipping schedule. Provide a table showing the routes and total costs.

  Frequency table for items rejected by manufacturer

The number of items rejected daily by the manufacturer because of defects for last 30 days are:

  Find out probability values from discrete distribution

A consumer organization estimates that over a 1-year period 17 percent of cars will require to be repaired once, 7 percent will need repairs twice, and 4 percent will require three or more repairs. What is the probability that a car chosen at rand..

  Should manager increase the staff

These data are presented below. Should the manager be given an increase in staff? Why or why not? Please show your work.

  Percentage of time-operating limit

If a remote's maximum range is 10 feet, what percentage of the time will users attempts to operate the remote outside of its operating limit?

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