Suppose that the national labor relations board nlrb wishes, Ask an Expert

Statistics

Suppose that the National Labor Relations Board (NLRB) wishes to estimate the average hourly wage rate for a certain classification of skilled workers. It wishes to be 95% certain to get an estimate of sample mean within 0.05 of the truth. What sample size do we need? Assume standard deviation is known to be $.30.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9359471

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

Data are collected on the relationship between the number

Data are collected on the relationship between the number of hours per week practicing a musical instrument and scores on a math test. The line of best fit is as follows: y = 72.5 + 2.8x. What would you predict the score ...

Why is sustainability in the sport industry linked to the

Why is sustainability in the sport industry linked to the green movement?

The mean of the annual return for common stocks from 1926

The mean of the annual return for common stocks from 1926 to 1992 was 16.5%, and the standard deviation of the annual return was 19%. In later parts of the question we will ask: a. What is the probability that the stock ...

Your supervisor comes to you and says she would like a

Your supervisor comes to you and says she would like a marketing research study. She says there is a budget of $30,000. She would like to conduct a simple random sample of consumers interested in using the services of th ...

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Jennifers broker has shown her two options in the

Jennifer's broker has shown her two options in the securities market for investment. Security one is a bond of par value of $1,000. The bond has a coupon interest rate of 11% paid annually maturing in seven years, with y ...

A statistics student has collected data from a random

A statistics student has collected data from a random sample of 20 college students at his school. He collected data on many variables including GPA (grade point average) and how many hours per week they play video games ...

Suppose you believe that du ponts stock price is going to

Suppose you believe that Du Pont's stock price is going to decline from its current level of $82 sometime during the next 5 months. For $5.25 you could buy a 5-month put option giving you the right to sell shares at a pr ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

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

Recent Questions

Ask Statistics and Probability Expert