Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

In a random sample of 18 ?people, the mean commute time to work was 34.5 minutes and the standard deviation was 7.3 minutes. Assume the population is normally distributed and use a? t-distribution to construct a 90?% confidence interval for the population mean μ. Also what is the margin of error of μ?? Interpret the results.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92863745
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

Now assume that this market becomes perfectly competitive

Now, assume that this market becomes perfectly competitive. The production process for the good does not change. So, all firms have the same cost curves as the monopolist. Reference from: Q3. A monopolist in the sugar ma ...

Suppose a bond with no expiration date has a face value of

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...

Assignment presidential exampleson 3 august 1990 the united

Assignment: Presidential Examples On 3 August 1990, the United Nations Security Council passed Resolution 600 condemning the Iraqi invasion of Kuwait and demanding that Iraq unconditionally withdraw all forces deployed i ...

1 dominos pizza is willing is willing to pay kes 250 in

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

Suppose that the interest rate of government bonds in the

Suppose that the interest rate of government bonds in the Euro Area at 1 year maturity is 10%, or i €  =0.10 At the same time , the  interest rate of government bonds in the USA at 1 year maturity is 5%, or i $ =0.05 Sup ...

A fair coin is flipped 3 times the toss results are

A fair coin is flipped 3 times. The toss results are recorded on separate slips of paper (writing "H" if Heads and "T" if Tails), and the 3 slips of paper are thrown into a hat. a) Find the probability that all 3 tosses ...

Suppose in equilibrium and in a closed economy at the point

Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?

Eleven people have eleven different favorite numbers from 2

Eleven people have eleven different favorite numbers from 2 to 12. They all agree to participate in a 10,000-roll dice game where they bet $1 on their favorite number for each roll of two standard (fair) dice. A donor ki ...

In a random sample ofnbsp50nbsprefrigerators the mean

In a random sample of 50 ?refrigerators, the mean repair cost was ?$146.00 and the population standard deviation is ?$17.80. Construct a 90?% confidence interval for the population mean repair cost. Interpret the results ...

Trans-pacific partnership tppwhat possible impact could

Trans-Pacific Partnership (TPP) What possible impact could this event have on global trade? Provide a credible citation. What is President Trump's position on the TPP? Citation?

  • 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