Can you please help with this question thank youyou want to, Ask an Expert

Statistics

Can you please help with this question? Thank you!

You want to determine the average number of hours worked by professors at your university per week. You want to be able to express your answer as a confidence interval, with 95% confidence (that is, use z = 1.96) and you are aiming for a precision of plus or minus two hours. Past studies of this type suggest that the variance in professor work hours is about 100 (that is, ?² = 100).

a. How big is the minimum required sample size that would allow you to meet your confidence and precision goals?

b. If you wanted your precision to double (that is, your precision would be plus or minus one hour), how does that affect your minimum required sample size?

c. If you wanted your confidence to increase to 99% (That is, use z = 2.575 instead of 1.96), how does that affect your minimum required sample size?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91012464

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

Suppose you want to calculate the z-score for your height

Suppose you want to calculate the? z-score for your height. How will the? z-scores compare if you use your height in inches verses? centimeters?

A company that sells annuities must base the annual payout

A company that sells annuities must base the annual payout on the probability distribution of the 2) length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participan ...

Letnbspxnbspbe a random variable that represents the ph of

Let x be a random variable that represents the pH of arterial plasma (i.e., acidity of the blood). For healthy adults, the mean of the x distribution is μ = 7.4.† A new drug for arthritis has been developed. Howeve ...

A stock price is currently 112 stock price move up by 10 or

A stock price is currently $112. Stock price move up by 10% or down by 14%. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put option with a strike price of $ ...

Two candidates face each other in an election the

Two candidates face each other in an election. The Democratic candidate is supported by 58% of the population, and the Republican candidate is supported by 42%. In other words, if you randomly chose a voter and asked the ...

Can anyone tell me how the margin of error and the level of

Can anyone tell me how the margin of error and the level of confidence are related to one another in statistics?

Question 1let x represent the height of first graders in a

Question 1 Let x represent the height of first graders in a class. This would be considered what type of variable: A)Continuous B)Discrete C)Nonsensical D)Lagging Question 2 Let x represent the height of corn in Oklahoma ...

The distribution of heights of adult american women is

The distribution of heights of adult American women is approximately normal with a mean of 64 inches and standard deviation of 2 inches. What percent of women is taller than 68 inches?

A blaster rifle manufacturing facility on naboo has 6500

A blaster rifle manufacturing facility on Naboo has 6,500 employees. The employees were asked whether they preferred a four-day work week (10 hours per day), a five- day work week (8 hours per day), or flexible hours. Yo ...

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