Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Compute a 95% confidence interval for the population mean, based on the sample 15, 17, 13, 14, 15, 14 and 59. Change the number from 59 to 14 and refind out the confidence interval. Using the results, describe the effect of an outlier or extreme value on the confidence interval.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9119052

Have any Question?


Related Questions in Statistics and Probability

Ages of ceos of companies throughout the united states and

Ages of CEOs of companies throughout the United States, and answer the questions that follow. Event A : CEO is under 40  Event B : CEO is at least 30  Event C : CEO is in his or her 50s  Event D : CEO is under 60 1. Even ...

An oil company determines it costs 25000 to sink a test

An oil company determines it costs $25,000 to sink a test well, an oil hit yields a net revenue of $475,000($500,000 gross-$25,000costs), and a natural gas hit yields $125,000 net revenue ($150,000 gross-$25,000 costs). ...

The table to the right shows the results of a survey in

The table to the right shows the results of a survey in which 2585 adults from Country A, 1116 adults from Country B, and 1064 adults from Country C were asked if human activity contributes to global warming. Complete pa ...

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

A 20-year canada bond with an 8 semi-annual coupon is

A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...

According to an article in the american heart associations

According to an article in the American Heart Association's publication Circulation, 24% of patients who had been hospitalized for an acute myocardial infarction, did not fill their cardiac medication by the seventh day ...

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

Use the standard normal distribution or Use the standard normal distribution or

Use the standard normal distribution or the? t-distribution to construct a 90?% confidence interval for the population mean. Justify your decision. If neither distribution can be? used. In a recent? season, the populatio ...

Suppose that a b and c are events in a sample space s such

Suppose that A, B and C are events in a sample space S, such that: A and B are equally likely; C is four times as likely as B; B and C are independent; if either B or C occurs, then A cannot occur; at least one of A, B o ...

What is an important benchmark for any kind of business and

What is an important benchmark for any kind of business and for business how would you use break even in making business decisions?

  • 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