The population is normally distributed

Assignment Help Business Economics

Reference no: EM131089582

If sample mean is 65, S=23 and n=64, and assuming that the population is normally distributed, construct a 95% confidence interval estimate of the population mean. (Use tables of critical values of the t distribution) Round to two decimal places.

Reference no: EM131089582

Questions Cloud

What is the present value of three investments : What is the present value of each if these three investments if the appropriate discount rate is 13% - The cash flows from these three investments.

The benefits that result from implementingthe technologies : What are the benefits that result from implementingthe technologies described in the case? How are thosedifferent for hospitals, doctors, insurance companiesand patients? Provide examples of each from the case.

What are the main forms of language : Discuss the importance of language as part of culture. What are the main forms of language? How can knowledge of a foreign language improve an individual's understanding of a foreign culture?

What level of output is average total cost minimized : Nokia sells a new budget cell phone. Based on information provided by the accounting department, the average variable cost is: AVC = $20 + Q. Find the total cost, average cost, and marginal cost equations. At what level of output is average total cos..

The population is normally distributed : If sample mean is 65, S=23 and n=64, and assuming that the population is normally distributed, construct a 95% confidence interval estimate of the population mean.

Create a professional marketing presentation : You are to create a professional marketing presentation that includes the details of the marketing mix items below and the background information developed in your international marketing report you created in Module 3.

Assume a competitive firm faces market price : Assume a competitive firm faces a market price of $60, a cost curve of C = 0.003q^3 + 25q + 750, and a marginal cost of curve of: MC = 0.009q^2 + 25. The firm's profit maximizing output level (to the nearest tenth) is ___units, and the profit (to the..

Find the depreciation rate of a house sold : Find the depreciation rate of a house sold at $250 in 2015 and the same house sold at $200 in 2016?

Average cost function and marginal cost function : A competitive firms production function is f(L, K) =min{K, L} (i) Find the conditional demand functions for both inputs through cost minimization (ii) Find the total cost function, average cost function and marginal cost function.

User Account

All Pages