Which form of formula to use to find confidence intervals

Assignment Help Basic Statistics
Reference no: EM13150554

1. Choose a color of M&M. Using your data, calculate the 90%, 95%, and 99% confidence intervals for the population mean number of that color of M&Ms in a pack. You may assume that the M&M are approximately normally distributed. Which form of the formula did you use and why?

M & M Red Green Brown Blue Yellow Orange Total Bg
Bag 1 5 2 4 5 3 3 22
Bag 2 4 3 3 4 3 8 25
Bag 3 8 2 3 1 4 2 21
Bag 4 3 4 0 4 5 4 23
Bag 5 6 5 4 5 3 2 21
Total 26 16 16 19 18 19 112

Reference no: EM13150554

Questions Cloud

Describe how three interval estimates related to each other : Describe how the three interval estimates will be related to each other. Which of the three intervals is most likely to contain the population mean?
Economic functions financial intermediaries perform : What are the economic functions financial intermediaries perform? What is the role of broker in the financial market? How has that role changed since the inception of on-line investing?
Evaluating a nonstatistical or a statistical sample for test : List the steps involved in selecting and evaluating a nonstatistical or a statistical sample for tests of controls. Identify the professional judgments that must be made associated with each step.
Despite rapid vegetation growth and abundant animal species : More than half of the world's species of plants and animals are found in the rainforests. For this reason, we tend to think of them as very fertile areas and they have been called the "jewels of the Earth". Despite the rapid vegetation growth and ..
Which form of formula to use to find confidence intervals : Confidence intervals for the population mean number of that color of M&Ms in a pack. You may assume that the M&M are approximately normally distributed. Which form of the formula did you use and why?
Firm charge for a package of two pens : What price should a firm charge for a package of two pens given a marginal cost of t' 2 and an inverse demand function P = 6-2Q by the representative consumer?
Differintial income or loss from accepting the overseas bid : A bid is received from an overseas customer for 1,000 phones at a price of $60 per phone. An additional 10% export fee on price would be assessed to the mobile phone company for overseas sales. What would be the differintial income or loss from ac..
Audit tests regarded as a test of a control : Which of the following audit tests would be regarded as a test of a control? A) Test of the specific itmes making up the balance in a given general ledger account. B) Tests confirming receivables
Define nonbonding domains : For the following please provide the # of bonding domains, # of nonbonding domains, polarity, intermolecular attractive forces, and which IMAF is the most important.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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