Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Sixto Sanchez is the owner of Suburban Stylists. He is evaluating the service level provided to walk-in customers. Because he is enrolled in an MBA program at Eastern University, Sixto decides to sample walk-in customers for the next two weeks. He collects information from 82 walk-in customers and find outs that their average waiting times that is 21 minutes with a standard deviation of 4 minutes.

a)Determine the degrees of freedom to be used in further analysis.

b)find out the two sided 95% confidence interval for the population mean of waiting times.

c)find out the two sided 90% confidence interval for the population mean of waiting times.

d)find out the two sided 99% confidence interval for the population mean of waiting times.

e)What t table value should be used in calculating a two sided 95% confidence interval for the population mean of waiting times if the sample selected is 25 instead of 82?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9115802

Have any Question?


Related Questions in Statistics and Probability

Let x be a continuous random variable suppose that we know

Let X be a continuous random variable. Suppose that we know that Pr(X 5), and how do you know? (Hint: X is not necessarily normally distributed, but you can still consider how much area is under the curve, no matter the ...

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

A coin is randomly picked from a collection of 10 coins the

A coin is randomly picked from a collection of 10 coins, the ith coin having a probabiliity i/10 of coming up heads. The coin in then flipped repeatedly until a head appears. Let X be the number of flips necessary. Find ...

Amy currently has 500 in an account with an annual rate of

Amy currently has $500 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Florida when she graduates in 2 years. How much will she have to save each month to afford her trip?

Sally inherited some property from her family it includes

Sally inherited some property from her family, it includes two homes, one in Stone Harbor and one in Maui. (nice family). Sally is thinking of selling the properties but wants to make sure she gets a fair price. The two ...

A random sample of 12 parts from factory a has an average

A random sample of 12 parts from factory A has an average reliability of 4.48 with a sample standard deviation of 3.19. A random sample of 15 products from factory B has an average reliability of 2.36 with a sample Stand ...

1i your company currently hasnbsp1000nbspparnbsp65

1 i. Your company currently has $1,000 ?par, 6.5 % coupon bonds with 10 years to maturity and a price of $1,082. If you want to issue new? 10-year coupon bonds at? par, what coupon rate do you need to? set? Assume that f ...

Two plots at rothamsted experimental station were studied

Two plots at Rothamsted Experimental Station were studied for production of wheat straw. For a random sample of years, the annual wheat straw production (in pounds) from one plot was as follows. 6.12 7.03 5.77 6.96 7.31 ...

A clinical psychologist is the primary therapist for 18

A clinical psychologist is the primary therapist for 18 patients. She randomly selects a sample of 3 patients to be in her study. How many different samples of this size can be selected from this population of 18 patient ...

A school newspaper reporter decides to randomly survey 12

A school newspaper reporter decides to randomly survey 12 students to see if they will attend Tet (Vietnamese New Year) festivities this year. Based on past years, she knows that 24% of students attend Tet festivities. W ...

  • 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