Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Taking air samples at random times during a 2-month period, an environmental group finds the standard deviation of ozone concentration measurements in the vicinity of a chemical plant to be 0.03 parts per million (ppm). The group believes the population of ozone measurements is normally distributed, and they have decided to use the 0.03 ppm figure as a baseline for the variability in the values. They will continue taking air samples, with 12 samples taken at random times dur- ing each week. If they find that the standard deviation of observations for any given week is abnormally higher or lower than 0.03 ppm, they will conclude that some- thing unusual is happening at the plant. Given that the group is estimating s as 0.03, and assuming that they are relying on a 98% confidence interval, how high or low would a weekly standard deviation have to be for them to conclude that unusual events are taking place at the plant?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91704146

Have any Question?


Related Questions in Statistics and Probability

Assume that the car lot contains 25 percent porches 35

Assume that the car lot contains 25 percent Porches, 35 percent BMWs, and 40 percent Volvos. Of the Porches, 20 percent have navigation systems, 90 percent of the BMWs have navigation systems, and 70 percent of the Volvo ...

An oil company determines it costs 25000 to sink a test

An oil company determines it costs $25,000 to sink a test well, an oil hit yields a net revenue of $475,000($500,000 gross-$25,000costs), and a natural gas hit yields $125,000 net revenue ($150,000 gross-$25,000 costs). ...

During a 52 week period a company paid overtime wages for

During a 52 week period a company paid overtime wages for 16 weeks and hired temporary help for 7 weeks. During 6 weeks the company paid overtime and hired temporary help (a) Are the events? "selecting a week that contai ...

In a survey of 100 people 40 were casual drinkers

In a survey of 100 people, 40 were casual drinkers (event  D ), and 60 did not drink (event  D '  ). Of the ones who drank, 6 had minor headaches. Of the non-drinkers, 9 had minor headaches. Let  D  represent set of surv ...

50 of the cars in a dealer lot are red 20 are black and 16

50% of the cars in a dealer lot are red, 20% are black, and 16% are white. The remainder are some other unspecified color. Salespersons randomly shows three cars to three different customers. What is the probability 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 ...

Shelton inc has the following capital structure its

Shelton Inc has the following capital structure. Its corporate tax rate is 40%. Security Market Value Required Rate of Return Debt $10million 2%Preferred stock  20million  4 Common stock  50million  8  What is its WACC?

The length of timber cuts are normally distributed with a

The length of timber cuts are normally distributed with a mean of 95 inches and a standard deviation of 0.52 inches. In a random sample of 45 boards, what is the probability that the mean of the sample will be between 94 ...

You buy a mutual fund for 1000 it annually distributes 60

You buy a mutual fund for $1,000. It annually distributes $60 for seven years, after which you sell the shares for $775. What is the annualized return on your investment? Use Appendix B and Appendix D to answer the quest ...

If you are constructing a confidence interval for a

If you are constructing a confidence interval for a population mean, for the same confidence level, the width of the confidence interval will __________ as the sample size increases. Decrease Increase Stay the same Depen ...

  • 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