Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

To compute location measures and confidence interval for the given data.

The Stop N Go convenience chain recently selected a random sample of 10 customers. 

The store monitored the number of times each customer made a buy at the store over a two-month period.  The following data were collected:

10 19 17 19 12 20 20 15 16 13

Store executives are considering a promotion in which they reward frequent purchasers with a small gift.  They have decided that they will only give gifts to those shoppers whose number of visits in the past two-month period is above the mean plus 1 standard deviation.  Find out the minimum number of visits required to receive a gift.

MEAN = 161/10 = 16.1

576_location measures and confidence interval.jpg

The minimum number of visits necessary to receive a gift is 19.6 rounded up = 20.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920847

Have any Question? 


Related Questions in Statistics and Probability

Researchers investigated the issue of race and equality of

Researchers investigated the issue of race and equality of access to clinical trials. The table below shows the population distribution and the numbers of participants in clinical trials involving lung cancer. Race / eth ...

The historical context of england in 1215 with the costs of

The historical context of England in 1215 with the costs of King Richard the Lionheart's ransom and the crusades. What were the nobles' complaints? How did the nobles' interests differ from the king's interest? What inte ...

Suppose that utility payoffs depend on decisions and states

Suppose that utility payoffs depend on decisions and states as shown in Table 1.3. Letp(θ1,),p(θ2)) denote the decision-makers subjective probability distribution over Ω = {θ1 ,θ2}. a. Suppose first that B = 35. For what ...

An economist wants to estimate the mean per capita income

An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in Texas. He believes that the mean income is $23.8, and the standard deviation is known to be $8.9. How large of a sam ...

Starting in the 10th century movements to reform the church

Starting in the 10th century, movements to reform the church began. Why was the church in need of reform, and what were the consequences of the Gregorian Reforms? How did these reforms change society? 1 and a half page e ...

A committee comprised of 15 members is called upon to rank

A committee comprised of 15 members is called upon to rank three colors: red, blue, and yellow, from most preferred to least preferred. The committee members simultaneously announce their strict preference relations over ...

Answer the following questions showing all work1 using

Answer the following questions showing all work. 1. Using http://onlinestatbook.com/stat_sim/sampling_dist/index.html, select a population distribution that is NOT normal (i.e., heavily skewed, uniform, bimodal). Using t ...

You plan to start saving for your sons college education he

You plan to start saving for your son's college education. He will begin college when he turns eighteen and will need $4,000 then and in each of the following three years. You will make a deposit at the end of this year ...

44nbspof a certain countrys voters think that it is too

44% of a certain country's voters think that it is too easy to vote in their country. You randomly select 12 likely voters. Find the probability that the number of likely voters who think that it is too easy to vote is ( ...

A buyer suspects that the factorys claimed life of mean is

A buyer suspects that the factory's claimed life of mean is 3000 hours for these light balls are too high. To check the claim, the factory tests 50 of these light balls and gets a mean lifetime of sample mean = 2988 hour ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen