Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: 1. If the inspection division of a county weights and measures department wants to estimate the mean amount of soft-drink fill in 2-liter bottles to within ±0.01 liter with 95% confidence and also assumes that the standard deviation is ±0.05 liter, what sample size is needed?

2. A consumer group wants to estimate the mean electric bill for the month of July for single-family homes in a large city. Based on studies conducted in other cities, the standard deviation is assumed to be ±$25. The group wants to estimate the mean bill for July to within ±$5 with 99% confidence.

a. What sample size is needed?

b. If 95% confidence is desired, what sample size is necessary?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92498139
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Letnbspnmnbspv denote the normal random variable with

Let  N ( m ,  v ) denote the normal random variable with mean  m  and  variance   v . (a) If  X  is a  Standard Normal  variable, what is the distribution of the random variable 4 X  - 1? (b) If  X  ~  N (3,1) and  Y  ~  ...

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 ...

A shipment of 11 televisions sets contains 4 defective sets

A shipment of 11 televisions sets contains 4 defective sets. A hotel purchases 7 of these televisions sets. a: In how many ways can a hotel purchase 7 and receive 2 of the defective sets? b: What is the probability that ...

There are 20 total socks 10 white and 10 black this makes

There are 20 total socks, 10 white and 10 black. This makes 10 total matching pairs of 5 pair of white and 5 pair of black. If each time you pick a sock from the drawer a sock just like it magically replaces it, what is ...

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

The monthly utility bills in a city are normally

The monthly utility bills in a city are normally distributed with a mean of $121 and a standard deviation of $23. Find the probability that a randomly selected utility bill is between $115 and $130. Probability of 0.07 a ...

Perform a conversion to compare costs between the two

Perform a conversion to compare costs between the two programs below, to find out which is the more expensive program. Program A: estimated cost in constant FY13 dollars: $16M Program B: estimated cost in constant FY19 d ...

A 20-year canada bond with an 8 semi-annual coupon is

A 20-year Canada bond with an 8% semi-annual coupon is currently selling at par ($1,000) and the probability distribution of its yield to maturity (YTM) a year from now is as follows: State of Economy Probability YTM (%) ...

In a pre-election poll a candidate for district attorney

In a pre-election poll, a candidate for district attorney receives 379 of 750 votes. Assuming that the people polled represent a random sample of the voting population, test the claim that a majority of voters support th ...

You want to try your hand at investingyou want to invest in

You want to try your hand at investing.You want to invest in WellsFargo because you think their hard times are behind next ten years at least. In fact, they have estimated that the increasing at a rate of 18% per year fo ...

  • 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