Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Q1. John Kleman is the host of the KXYX Radio AM drive-time news in Denver. During his morning program, John asked listeners to call in and discuss current local and national news. This morning, john was concerned with the numbers of hours children under 12 years of age watched TV per day. The last 5 callers reported that their children watched the following numbers of hours of hours of TV last night.

3.0                 3.5                  4.0                  4.5                 3.0

Would it be reasonable to develop a confidence interval from these data to show the mean number of hours of TV watched? If yes, construct an appropriate confidence interval and interpret the result. If no, why would a confidence interval not be appropriate?

No we have very less number of data points to conclude what will be the confidence interval of mean and even if we find using this data it will not be relevant.

Q.2 A manufacture of cell phone batteries wants to estimate the useful life of it's battery (in thousand of hours.) The estimate is the be within 0.10 (100) hours. Assume 1 95 percent level of confidence and that the standard deviation of the useful life of the battery is 0.90 (900 hours). Determine the required sample size.

Estimate is to be within 0.1 , and so it's the deviation from the mean and the 95 % value will be 1.96 and the standard deviation is 0.9 ,
So 0.1 /0.9 * root (n) = 1.96 , so n = (1.96*9)^2 = 311

Q3. In a sample of 200 residents of Georgetown country, 120 reported they believe that country real estate taxes were too high. Developed a 95% confidence interval that proportioned of residents who believe the tax rate is too high. Would it be reasonable to conclude that the majority of the taxpayers feel that the text says I too high.

The proportion of people who believe yes is 120/200 = 0.6 . So when we calculate the test stat based on the proportion , it is

*1.96 (P*(1-p)/n)^0.5 = 0.067 , and so the confidence interval would include the 0.6 value so we can say that yes major tax payers feels it is high

Q A buffalo, your cola distributor is featuring a super-special sale on 12-packs. She wonders where in the grocery store to place the cola for maximum attention. Should it be near the front door of the grocery stores. In the cola section, at the checkout registers, or near the milk and other dairy products? Four stores, with similar totals sales coopters, or near the milk and other dairy products?for stores with stacks near the front door, in another they were placed near the checkout registers, and so on. Sales were checked at specified times in each store exactly four minutes. The results were:

Soft Drink

 

New Registers

 

Dairy Section

Selection

 

 

 

 

 

 

 

 

 

 

 

$5

 

$7

 

$10

10

 

10

 

9

12

9

6

 

 

 

 

 

4

4

11

 

 

 

 

 

9

 

5

 

7

The Buffalo distributor wants to find out whether there is a difference in the mean sales for cola stacked at the four locations in the stores. Use the .05 Significance level

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92596190
  • Price:- $40

Guranteed 36 Hours Delivery, In Price:- $40

Have any Question?


Related Questions in Statistics and Probability

Zero-coupon bonds with a par value of 1000000 have a

Zero-coupon bonds with a par value of $1,000,000 have a maturity of 10 years and a required rate of return of 9 percent. What is the current price?

1 if there are 150 values in a data set how many classes

1) If there are 150 values in a data set, how many classes should be created for a frequency histogram?  A. 5 B. 6 C. 7 D. 8 E. 9 2) . If x is a binomial random variable where n = 100 and p = 0.2, find the probability th ...

Let timco use a capital structure that is 35 debt and 65

Let Timco use a capital structure that is 35% debt and 65% equity, The firm can borrow at 6%. The tax rate is 40%. Let the firm beta be 1.9, the market return 14%, and the risk free rate 2%. Find the WACC.

Mort is to pay off a loan of 75000 with equal payments at

Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly pay ...

Researchers randomly assigned 25 beginning students of

Researchers randomly assigned 25 beginning students of Russian to begin speaking practice immediately and another 25 to delay speaking for 4 weeks. At the end of the semester both groups took a standard test of comprehen ...

Amy wants to deposit money each year for the next five

Amy wants to deposit money each year for the next five years and each deposit to have $30,000 in real dollars currently and the inflation rate is 3% per year and the nominal interest rate is 9.18%. (Round off all answers ...

Why are scattered plots necessary when investigating the

Why are scattered plots necessary when investigating the relationship between quantitative variables?

Why does a high standard deviation of a stocks rate of

Why does a high standard deviation of a stock's rate of return mean that that stock is risky? Explain. (Hint: Intuitively explain how we calculate standard deviation and what does it mean)

Kevin knows that the beta of his portfolio is equal to 1

Kevin knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 8.25 percent. What is the ex ...

A doctor wants to predict the birth weight of a newborn

A doctor wants to predict the birth weight of a newborn baby (measured in grams) based on the gestational age (measured in weeks) at the time of birth. The doctor uses 11 data points, with births ranging from 29 weeks to ...

  • 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