What is the value of the standard error of the mean

Assignment Help Basic Statistics
Reference no: EM13135977

The U.S. Department of Agriculture reports that the mean American consumption of carbonated beverages per year is greater than 52 gallons. A random sample of 30 Americans yielded a sample mean of 69 gallons. Assume that the population standard deviation is 20 gallons. Let the confidence level be 95%.

a. What is the point estimate of the population mean?
b. What is the value of the standard error of the mean?
c. What is the value of the confidence coefficient for a confidence interval with the indicated confidence level?
d. What is the value of the margin of error for a confidence interval with the indicated confidence level?
e. What is the confidence interval with the indicated confidence level for the population mean?

Reference no: EM13135977

Questions Cloud

Us supreme court-constitution : The Constitution is rather vague about the make-up, size, and responsibility of the Supreme Court. How has the Supreme Court evolved over its history? What do you think the Court's role will be in the future?
Write an essay literary analysis : Literary analysis  750-1000 word essay that include 3 authors : Ralph Waldo Emerson, Thomas Paine, and Anne Bradstreet
What would the volume of the oxygen be : A certain mass of oxygen was collected over water when potassium chlorate was decomposed by heating. The volume of the oxygen sample collected was 870 mL at 40C and a barometric pressure of 755 torr.
Challenges to constitution and supreme court : How does the current president have the ability to affect the make-up of the Supreme Court justices? How would a change in justices affect potential challenges to the Constitution?
What is the value of the standard error of the mean : What is the value of the standard error of the mean? What is the value of the confidence coefficient for a confidence interval with the indicated confidence level?
Sustainable infrastructure asset management : Marlow, Beale & Burn (2010) suggested that the lack of information, the lack of appropriate tools and the need for broader systems knowledge were key barriers to achieving a more sustainable infrastructure asset management.
Estimated to have a useful life equal to the years : After taking possession of the leased space, Kirk pays for improving the office portion of the leased space at a $140,000 cost. The improvements are paid for by Kirk on July 5, 2011, and are estimated to have a useful life equal to the 26 years re..
"erp systems and the cloud" : There has been significant media attention and hype about the potential of cloud technologies. Companies are investigating how these technologies can assist with their ERP System needs.
Explain how the means and standard deviations differ : Explain, to a person who has never had a course in statistics, what you have done. (c) Note the ways in which the means and standard deviations differ.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Minimizing cost of meeting demands

Find out how to minimize cost of meeting demands in Houston and Tampa.

  Average duration of unemployment in a low developed region

From a random sample we know that the average duration of unemployment in a low developed region A is 147 days (with standard deviation sA = 32 days and nA = 230 unemployed).

  Information about p-value

Assume the observed value of the test statistic is 1.53. What is the smallest level for which there is sufficient evidence to reject H 0 (i.e. the p-value for this test)?

  Finding total cost-total revenue and profit

For monthly volume of 300 tables, find out total cost, total revenue and profit.

  Compute mean for probability distribution of breakdowns

Puret grinder has required repair service according to the following distribution. Compute the mean, for the following probability distribution of the number of breakdowns per week.

  Difference between t-tests and z-tests

In drawing an inference using a single mean in hypothesis testing, you often have a choice between doing a z-test or a t-test. Many researchers will always choose to do the t-test even under circumstances where the z-test would work as well.

  Trailers allocated by the deliveries

A haulage contractor has two loads to deliver to separate customers. He has 4 trailers of which 2 are new. If the trailers are randomly chosen for any particular delivery: (a) In how many ways can the trailers be allocated the deliveries?

  Consequences of making a type one-two error

In the context of this scenario, what would be the consequences of making a Type I error?

  Data from a random sample of households

A cell phone company collects data from a random sample of 500 households. The results indicate that 135 of the households would add an extra cellular number, provided it was offered at a reduced monthly cost.

  Question on hypothesis testing for means

The breaking strengths of cables produced by a certain manufacturer have a mean, of 1925 pounds, and a standard deviation of 65 pounds. It is claimed that an improvement in the manufacturing process has increased the mean breaking strength.

  Statistical process control

ABC Corporation has been using statistical process control for several months.

  Explain relationship positive-negative or no relation

In a random sample of 10 on-line statistics students, information was collected about their minutes studied and their chapter test scores. Is this relationship positive, negative or no relation?

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