Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A local beverage store wishes to determine the average age of its clients. They conduct a survey of 100 clients which yields an average age of 32 years with a standard deviation of seven years. Determine a 98% confidence interval for the average age.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92506553
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Thirty-eight percent of consumers prefer to purchase

Thirty-eight percent of consumers prefer to purchase electronics online. You randomly select 16 consumers. Find the probability that the number who prefer to purchase electronics online is at most 5.

A random sample ofnbsp77nbspeighth grade students scores on

A random sample of 77 eighth grade? students' scores on a national mathematics assessment test has a mean score of 290. This test result prompts a state school administrator to declare that the mean score for the? state' ...

Suppose a random sample of n 49 observations is selected

Suppose a random sample of n = 49 observations is selected from a population that has normal distribution with mean 106 and standard deviation 12. a) Give the mean and the standard deviation of the sample mean X. b) Find ...

A student is to be selected randomly from a group of

A student is to be selected randomly from a group of students. For each classification of freshman and sophomore, there is a math major, an art major, and a biology major. The probability of each individual being selecte ...

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%?, with a confidence level of 95%, sample statistics of .50? Please show work.

How many years and months will it take 2 million to grow to

How many years (and months) will it take $2 million to grow to $5.60 million with an annual interest rate of 7 percent?

Based on labor statistics17nbspof workers in a particular

Based on labor? statistics,17% of workers in a particular profession are female. Complete parts a through e below based on a random sample of 8 workers in this profession. a. What is the probability that exactly one work ...

Suppose that in a random sample of 100 men between the ages

Suppose that, in a random sample of 100 men between the ages of 60 and 79, you found that 20 had heart disease. According to the central limit theorem, the sample proportion arises from a sampling distribution that is no ...

What is the appropriate statistical analysis to use t-test

What is the appropriate statistical analysis to use: t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence? Please identify and explain why it is appropriate. (a) A s ...

Bond x1 is a premium bond with a 12 coupon bond x2 is a 6

Bond X1 is a premium bond with a 12% coupon. Bond X2 is a 6% coupon bond currently selling at a discount. Both bonds make annual payments, have a YTM of 8%, and have seven years to maturity. (Round off all answers to 2 d ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As