User Account

All Pages

What is the standard error of the sampling distribution

Assignment Help Business Management
Reference no: EM131225066

Records maintained by the office of budget in a particular state indicate that the amount of time elapsed between the submission of travel vouchers and the final reimbursement of funds has approximately a normal mean of 39 days and a population standard deviation of 12 days. A sample of 16 vouchers was pulled at random.

  • What is the standard error of the sampling distribution?
  • What is the probability that the sample mean will be less than 31 days for reimbursement?
  • What is the probability that the sample mean will indicate between 35 and 45 days for reimbursement?
  • What is the probability that the sample mean will indicate more than 46 days for reimbursement?

Reference no: EM131225066

Questions Cloud

In traditional costing system : Assuming activity is within relevant range, if there is a change in the activity level: Fixed and variable cost per unit will change, fixed and variable cost per unit wil remain the same,  What is the total product cost?   In traditional costing syst..
Advantages and disadvantages of private sector options : Discuss one or more of the issues associated with those questions in light of your own value system and beliefs. How can the
Describe at least three ways a person can teach : Describe at least three ways a person can teach by example according to the article and provide a personal example in which you have demonstrated this concept. Explain how "teaching by example" influences the development of ethical and moral reas..
Supply chain manager for midstream natural gas company : MEB-7173 - Operations Management - You are the Supply Chain Manager for a Midstream natural gas company. Your latest customer is an E&P company active in the Bakken Shale in a North Dakota.
What is the standard error of the sampling distribution : What is the standard error of the sampling distribution? What is the probability that the sample mean will be less than 31 days for reimbursement? What is the probability that the sample mean will indicate between 35 and 45 days for reimbursement?
What can you say about the companys liquidity position : Calculate the 2014 current and quick ratios based on the projected balance sheet and income statement data. What can you say about the company's liquidity position in 2013?
Regarding the format of the multi-step income statement : Identify the false statement regarding the format of the multi-step income statement:
Compare to the companys credit terms : Contemporary Media Sign Company sells on account. Recently, Contemporary reported the following figures: Requirements Compute Contemporary’s days’ sales in receivables for 2013. Suppose Contemporary’s normal credit terms for a sale on account are “2/..
Find the probability that the daily output : The daily output of a production line varies according to a normal distribution with a mean (µ ) of 163 units and a standard deviation (σ ) of 3.5.Find the probability that the daily output will fall below 160 units. Find the probability that..

Reviews

Write a Review

Business Management Questions & Answers

  Explain what are the advantages and disadvantages employee

Explain What are the advantages and disadvantages of each one to the employee and to the employer?

  Use the lessons learned in your bba program

Discuss how you will use the lessons learned in your BBA program to be more productive in your current (or future) career. Provide specific examples to support your response.

  Employment

Employment

  Produce positive financial gains for the shareholders

Explain what explanations for mergers and acquisitions would you offer if it were found that they rarely produce positive financial gains for the shareholders?

  Motivation is low turnover companiesconsider this if the

motivation is low turnover companiesconsider this if the organization were to have low employee turnover how would you

  Styles of the management accounting function

Lambert and Sponem (2012) use two dimensions to define four 'styles of the management accounting function'. These dimensions are: (1) a management accountant's authority, and (2) his/her primary client. One of these styles is the discrete style.

  Regional gardens ltd

The company has some 150 staff, who include management, administrative staff, nursery and Regional Garden Planners staff. The company has a range of different types of relatively old personal computers, which run Windows XP, to connect to the company..

  Situation in a company that requires a complex decision

Explain a situation in a company that requires a complex decision and List the decision-making steps in the example and chart them in a flow chart in Word.

  Explain why the facility layout and the work system design

Explain why the Facility Layout and the Work System Design is important? How does it impact the business and workforce? What could go wrong if the two are not correct?

  Describe how the analysis of the financial statements

Prepare a two- to three-page paper that addresses the following points: Describe how the analysis of the financial statements and projections can be useful in determining the sources of financing available for a new venture.Describe the ratios th..

  Show the value of security and control

Value of Security and Control - Explain what is the business value of security and control

  Advantages does this storage media

What advantages does this storage media have over using your system's hard drive or some other external media (external hard drive, flash drive, R/W disks) for storing your data?

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