A large population of overdue bills has balances that, Ask an Expert

Statistics

A large population of overdue bills has balances that follow a normal curve. When we take a sample of 100 of these the average is $500 and the standard deviation is $100. (a) what statement can you make about the range $300 to $700? (b) what statement can you make about the range $480 to $520?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9371545

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Lee smith imports paid a 100 per share annual dividend last

Lee Smith Imports paid a $1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this stock worth to you today if the appropriate discount rate is 14%? a. $7.14 ...

Owning a business what do you see as the biggest challenge

Owning a business, what do you see as the biggest challenge or challenges in developing a useful forecasting?

In a health club research shows that on average patrons

In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...

If the coefficient of determination is 0738 what percentage

If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?

What is the present value of a security that will pay 9000

What is the present value of a security that will pay $9,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent

Answer the following questions about an anova analysis

Answer the following questions about an ANOVA analysis involving three samples. a. In this ANOVA analysis, what are we trying to determine about the three populations they're taken from? b. State the null and alternate h ...

Please help me find out how to calculate stock pricewhat is

Please help me find out how to calculate stock price. "What is the price of Company A's stock.We know company A pay dividend twice a year. And its beta=1.5 Government bond's Coupon is 8.8 and Yield is 5%(which one you sh ...

The mean throwing distance of a football for a luis a high

The mean throwing distance of a football for a Luis, a high school freshman quarterback, is 50 yards, with a standard deviation of three yards. The team coach tells Luis to adjust his grip to get more distance. The coach ...

During the winter of 2008-2009 the average utility bill for

During the winter of? 2008-2009, the average utility bill for residents of a certain state was ?$173 per month. A random sample of 30 customers was selected during the winter of? 2009-2010, and the average bill was found ...

According to the center for disease control the mean total

According to the center for Disease Control, the mean total cholesterol for men between the ages of 20-29 is 180 milligrams per deciliter with a standard deviation of 36.2. A healthy total cholesterol level is less than ...

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

Recent Questions

Ask Statistics and Probability Expert