Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

In the academic year 2001-2002, two random samples of 25 male professors and 23 female professors from a large university produced a mean salary for male professors of $58,550 with a standard deviation of $4000; the mean for female professors was $53,700 with a standard deviation of 3200. Construct a 90% con?dence interval for the difference between the population mean salaries. Assume that the salaries of male and female professors are both normally distributed with equal standard deviations. Interpret the result.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91640222

Have any Question?


Related Questions in Statistics and Probability

If a wooden car has 30 independent components that all must

If a wooden car has 30 independent components that all must function for the wooden car to operate successfully during a race, and the probability of successful operation for any single component is 0.999, what is the pr ...

According to bottledwaterorg per capita consumption of

According to bottledwater.org, per capita consumption of bottled water in the U.S. in 2012 was reported to be 30.8 gallons. Assume that the amount of bottled water consumed per person is Normally distributed with mean 30 ...

Bella is 23 years old and wants to invest money for her

Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutual fund, calculate the amount of mone ...

A researcher wants to determine if lead levels are

A researcher wants to determine if lead levels are different between the top of a glass of water and the bottom of a glass of water. Many samples of water are taken. From half, the lead level at the top is measured and f ...

The glen arboretum wants to start removing invasive norway

The Glen arboretum wants to start removing invasive Norway Maple trees. To determine just how bad the problem is you set up five plots that are three meters on each side. You find that your plots have 2, 5, 9, 1, and 3 N ...

A researcher determines that students study an average of

A researcher determines that students study an average of 60 15 (M SD) minutes per week. Assuming these data are normally distributed, what is the z score for students studying 45 minutes per week?

37 of college students say they use credit cards because of

37?% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...

Innbspmid-2009 rite aid hadnbspccc-ratednbsp20-year bonds

In? mid-2009, Rite Aid had? CCC-rated, 20-year bonds outstanding with a yield to maturity of 17.3%. At the? time, similar maturity Treasuries had a yield of 5%. Suppose the market risk premium is 4% and you believe Rite? ...

The average price of a television on a certain web site is

The average price of a television on a certain Web site is ?$770. Assume the price of these televisions follows the normal distribution with a standard deviation of ?$170. Complete parts a through d below. a.  What is th ...

How does a market-maker decide the edge offset required to

How does a market-maker decide the edge (offset) required to perform an options trade? Explain why this edge would be different for options of different strikes as well as for option combinations?

  • 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