Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Q1) Data in file represent total fat in grams per servings, for sample of 20 chicken sandwiches from fast food chain. X=23.2, S=12.39 Data are as follows:

7

8

4

5

16

20

20

24

19

30

23

30

25

19

29

29

30

30

40

56

a) Create a 95% confidence interval for population mean total fat, in grams per serving.

b) Interpret interval constructed in (a)

2) Manager of paint supply store wishes to evaluate the actual amount of paint contained in 1 gallon cans bought from nationally known manufacturer. Manufacturer's specifications stated that standard deviation of amount of paint is equal to 0.02 gallon. Random sample of 50 cans is chosen and sample mean amount of paint per 1 gallon can is 0.995 gallon.

a) Create a 99% confidence interval estimate of population mean amount of paint included in a 1 gallon can.

b) On basis of these result do you believe manager has right to complain to manufacturer? Why?

c) Should you suppose that population amount of paint per can is normally distributed here?. Explain

d) Creeate a 95% confidence interval estimate. How does this change your answer to (b)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9164339

Have any Question?


Related Questions in Statistics and Probability

With whom should you consult about design strategies to

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

The acme insurance company has two types of customers

The ACME Insurance Company has two types of customers, careful and reckless. A careful customer has an accident during the year with probability 0.01. A reckless customer has an accident during the year with probability ...

Jeremy needs to start paying back his student loan the

Jeremy needs to start paying back his student loan. The amount he owes is $14,069.80 with an APR of 6.94%. Assuming he will take 10 years, how much will his monthly payment be?

The stat 200 course coordinator wants to estimate the

The STAT 200 course coordinator wants to estimate the proportion of all online STAT 200 students who attend Penn State Learning tutoring sessions. In a survey of 72 students during the Summer 2018 semester, 8 had attende ...

You are offered the right to receive 3000 per year forever

You are offered the right to receive 3,000 per year? forever, starting in one year. If your discount rate is 3?%, what is this offer worth to? you? (round to the nearest dollar)

Sixty-seven percent of adults have looked at their credit

Sixty-seven percent of adults have looked at their credit score in the past six months. If you select 31 customers, what is the probability that at least 20 of them have looked at their score in the past six months?

1 what is the price of a semiannual 1000 par value bond

1) What is the price of a semiannual $1,000 par value bond with four years left until maturity that pays a coupon of 3.75% and is yielding 5.25%? What would it be yielding if the price decreased to $973.47? Assume semian ...

You have a bag with three fair dice one is 4-sided one is

You have a bag with three fair dice. One is 4-sided, one is 6-sided, and one is 12-sided. You reach into the bag, pick one die at random, and roll it. The outcome of the roll is 4. What is the probability that you rolled ...

Assuming that the bank wants assets with high yields and

Assuming that the bank wants Assets with High Yields and Liabilities with Low Costs then what decisions would the bank make for the Interest Rates on both Loans (Fixed Rate Corporate, Floating Rate Corporate, Installment ...

Light travels at 186283 miles every second how many feet

Light travels at 186,283 miles every second. How many feet per hour does light travel? Round one decimal place if necessary.

  • 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