Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Draw a sample size from normal distribution.

1. A bank wishes to estimate the mean balances owed by customers holding MasterCard's. The population standard deviation is estimated to be $3.00. If a 98 percent confidence interval is used and an interval of $75 is desired, how a lot of cardholders should be sampled?

2. For a given confidence interval, what is an interpretation of a 96 percent confidence level?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M919899

Have any Question? 


Related Questions in Statistics and Probability

In a manufacturing process a random sample of 36 bolts

In a manufacturing process a random sample of 36 bolts manufactured has a mean length of 3 inches with a standard deviation of .3 inches. What is the 99% confidence interval for the true mean length of the bolt? Please s ...

Repeat given exercise using the following solution concept

Repeat given Exercise, using the following solution concept: divide the estate in a continuous manner equally between the creditors, until one (or more) of the creditors has received his or her entire claim. Continue to ...

Analyze the emergence of the counter-culture identity

Analyze the emergence of the counter-culture, identity politics, and liberation movements beginning in the late 1960s. Why did these movements emerge at that time? How did they reshape American culture and politics? Were ...

Grear tire company has produced a new tire with an

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes that the standard deviation is 5000 miles and that tire mileage is normally distributed. To pro ...

1 what are the four basic goals of behavioral research2

1. What are the four basic goals of behavioral research? 2. Distinguish between basic and applied research. In what ways are basic and applied research interdependent?

In juliuss list of preferences agrippina appears first

In Julius's list of preferences, Agrippina appears first, Messalina appears second, and Cleopatra appears third. Suppose there is a stable matching under which Julius is matched to Agrippina, and that there is a stable m ...

Researchers are interested in determining if men and womens

Researchers are interested in determining if men and women's hearts tend to be different sizes. In a sample of 12 males, the mean diameter of the heart was 13.21 cm with a standard deviation of 1.05. Among 9 females, the ...

Connie wants to have an annuity payment of 2000 at the end

Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years? (Use Table 12-2 in your text) $ ...

Question a survey found that an american family generates

Question: A survey found that an American Family generates an average of 17.2 lb of glass garbage each year. Assume that the standard deviation of the distribution is 2.5 pounds. If a sample of 55 families is randomly se ...

At a local college 316 of the male students are smokers and

At a local college, 316 of the male students are smokers and 474 are non-smokers. Of the female students, 70 are smokers and 630 are non-smokers. A male student and a female student from the college are randomly selected ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen