User Account

All Pages

What confidence level would you assign to the procedure

Assignment Help Basic Statistics
Reference no: EM131729415

Question: Explain in your own words what it means to say that we have 95% confidence in the interval estimate. Then give an example of something you do in your life that illustrates the same concept: You follow the same procedure each time, and it either works (most of the time) or does not work to produce the desired result. What confidence level would you assign to the procedure in your example; that is, what percentage of the time do you think it produces your desired result?

Reference no: EM131729415

Questions Cloud

How the eighth amendment restricts the governments authority : Explain with examples how the Eighth Amendment restricts the government's authority to make something a crime. Support your position with examples or evidence.
Discuss job costing and process costing : Discuss the main differences between job costing and process costing
Define technical feasibility and organizational feasibility : Discuss some of the key aspects to developing successful process and systems development projects.
Analysis of the information consideration : Analysis of the Information Consideration of alternative viewpoints and conclusions Conclusions and Recommendations - write up a two page single space only word
What confidence level would you assign to the procedure : What confidence level would you assign to the procedure in your example; that is, what percentage of the time do you think it produces your desired result?
Analyze and explain the challenges with freedom of speech : Analyze and explain the challenges with freedom of speech. Analyze and explain any challenges with freedom of information. 4. Analyze and explain any chall
Explain what is meant by outsourcing : Describe any four responsibilities of users of information systems. Explain what is meant by outsourcing. Explain the management advantages of outsourcing.
How thorough is the privacy protection offered by the ruling : In a well-written paper, briefly summarize each case, law or regulation and describe the effect it has or could have on your Internet use.
Write a sentence that interprets interval of given situation : Use the survey information to create a 95% confidence interval for the percentage that feels they don't get enough sleep every night.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Whether one of the raiders is more successful

A corporate raider has been successful in 11 of 31 takeover attempts.- can you say whether one of the raiders is more successful than the other? Explain.

  A statistical model for appraisal value of houses is needed

a statistical model for appraisal value of houses is needed. an important predictor variable of appraised value is the

  Susan williams - probability

Susan Williams has been the production manager of Medical Suppliers, Inc., for the past 17 years. Medical Suppliers, Inc., is a producer of bandages and arm slings.

  Positive association between the two variables

Using the alpha 0.01 level of significance, can we conclude that there is a positive association between the two variables - family income and students' GPA? What is the p-value? Interpret. Test using correlation test of hypothesis formula:

  Suppose the service time in minutes at a bank has the

suppose the service time in minutes at a bank has the exponential distribution with lambda 12. use the central limit

  Say about gender discrimination

Based on your results what can you say about gender discrimination? Is this the causal evidence of gender on earnings? Why or Why not?

  Two-sided test for sample mean of accounts receivable

Lets say a business has account receivables per customer of $60.54. There was a random sampling of 19 accounts that revealed a sample mean of $73.55 and a sample standard deviation of $19.29.

  Combinations of variable types that can form bivariate data

Briefly discuss the three combinations of variable types that can form bivariate data.

  Confidence-interval for average number of minutes

A study of 35 professors showed that the average time they spent creating test questions was 13.5 minutes per question. The standard deviation of the population is 3.8. Which of the following is the 99% confidence interval for the average number o..

  Mean and standard deviation of the average loss

What are the mean and standard deviation of the average loss for 14 policies? (Round your standard deviation to two decimal places.)

  Accuracy in detecting certain kinds

Suppose an airport scanning device has 98% accuracy in detecting certain kinds of metal objects (98% of people carrying these objects are correctly identified as carriers and 98% of people not carrying them are correctly identified as non-carriers..

  Estimate the true mean population of the growing season

Yielding a sample mean of 190.7 days and a sample standard deviation of 54.2 days. Estimate the true mean population of the growing season with 95% confidence.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd