Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: The article discussed in Problem also reported that the mean download time for the H&R Block Web site, www.hrblock.com, was 2.5 seconds. Suppose that the download time for the H&R Block Web site was normally distributed, with a standard deviation of 0.5 second. If you select a random sample of 30 download times,

a. what is the probability that the sample mean is less than 2.75 seconds?

b. what is the probability that the sample mean is between 2.70 and 2.90 seconds?

c. the probability is 80% that the sample mean is between what two values symmetrically distributed around the population mean?

d. the probability is 90% that the sample mean is less than what value?

Problem: The New York Times reported (L. J. Flynn, Tax Surfing, The New York Times, March 25, 2002, p. C10) that the mean time to download the home page for the Internal Revenue Service (IRS), www.irs.gov, was 0.8 second. Suppose that the download time was normally distributed, with a standard deviation of 0.2 second. If you select a random sample of 30 download times,

a. what is the probability that the sample mean is less than 0.75 second?

b. what is the probability that the sample mean is between 0.70 and 0.90 second?

c. the probability is 80% that the sample mean is between what two values, symmetrically distributed around the population mean?

d. the probability is 90% that the sample mean is less than what value?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92497950
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A researcher working at a particular company wants to know

A researcher working at a particular company wants to know if workers' health would improve if they were given extra days 'off. In this company, all workers undergo a standard physical exam twice a year and after each ex ...

A random group of 20 depressive patients has been given the

A random group of 20 depressive patients has been given the MMPI. Their scores on a depression scale are as follows: 30 45 32 28 33 25 37 32 34 32 26 35 30 34 35 31 36 26 42 39 Construct a frequency distribution. Then ma ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

Two candidates face each other in an election the

Two candidates face each other in an election. The Democratic candidate is supported by 58% of the population, and the Republican candidate is supported by 42%. In other words, if you randomly chose a voter and asked the ...

As parts come off a production line they are stored in

As parts come off a production line they are stored in trays capable of holding 30 parts each. If the average tray contains 6 defective parts and you sample only 1 part from each tray, what is the probability that the pa ...

Jennifer currently has 500 in an account with an annual

Jennifer currently has $500 in an account with an annual rate of return of 4.3%. She wants to have $6000 for a trip to Alaska when she graduates in 4 years. How much will she have to save each month to afford her trip?

Carrie ds has 67 million shares of common stock outstanding

Carrie D's has 6.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $29.80 per share, the preferred share are s ...

Bowman corp pays a constant 1440 dividend on its stock the

Bowman Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever. Required:  If the required return on this stock is 1 ...

Please help me solve thisuse a normal approximation to find

Please help me solve this. Use a normal approximation to find the probability of the indicated number of voters. In this? case, assume that 157 eligible voters aged? 18-24 are randomly selected. Suppose a previous study ...

According to an article in the american heart associations

According to an article in the American Heart Association's publication Circulation, 24% of patients who had been hospitalized for an acute myocardial infarction, did not fill their cardiac medication by the seventh day ...

  • 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