Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

One suggested method for solving the electric-power shortage in a region involves constructing floating nuclear power plants a few miles offshore in the ocean. Concern about the possibility of a ship collision with the floating (but anchored) plant has raised the need for an estimate of the density of ship traffic in the area. The number of ships passing within 10 miles of the proposed power-plant location per day, recorded for = 60 days during July and August, possessed a sample mean and variance of Y = 7.2 and s2 = 8.8.

a. Find a 95% confidence interval for the mean number of ships passing within 10 miles of the proposed power-plant location during a 1-day time period.

b. The density of ship traffic was expected to decrease during the winter months. A sample of = 90 daily recordings of ship sightings for December, January, and February yielded a mean and variance of Y = 4.7 and s2 = 4.9. Find a 90% confidence interval for the  difference in mean density of ship traffic between the summer and winter months.

c. What is the population associated with your estimate in part (b)? What could be wrong with the sampling procedure for parts (a) and (b)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91750959

Have any Question?


Related Questions in Statistics and Probability

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Becky fenton has 408035 automobile insurance coverage if

Becky Fenton has 40/80/35 automobile insurance coverage. If two other people are awarded $70,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cov ...

What does the real world evidence say about the law of one

What does the real world evidence say about the law of one price?

Next time you see an elderly man check out his nose and

Next time you see an elderly man, check out his nose and ears! While most parts of the human body stop growing as we reach adulthood, studies show that noses and ears continue to grow larger throughout our lifetime. In o ...

1 out-of-state tuition and fees at the top graduate

1. Out-of-state tuition and fees at the top graduate schools of business can be very expensive, but the starting salary and bonus paid to graduates from many of these schools can be substantial. The following data show t ...

Consider random samples of size 800nbspnbspfrom a

Consider random samples of size 800  from a population with proportion 0.60. (a) Find the mean and standard error of the distribution of sample proportions. Round your answer for the mean to two decimal places, and your ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

How can i describe the relationship between diversifiable

How can I describe the relationship between diversifiable risk and total risk, along with the role of Beta?

Can you look for multicollinearity between a categorical

Can you look for multicollinearity between a categorical independent variable and a continuous dependent variable or can you only look for multicollinearity between a continuous independent variable and a continuous depe ...

An fbi survey shows that about 70 of all property crimes go

An FBI survey shows that about 70% of all property crimes go unsolved. Suppose that in your town 10 such crimes are committed and they are each deemed independent of each other. What is the expected number of crimes that ...

  • 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