Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The manager of a pizza chain in Albuquerque, New Mexico, wants to determine the average size of their advertised 16-inch pizzas. She takes a random sample of 25 pizzas and records their mean and standard deviation as 16.10 inches and 1.8 inches, respectively. She subsequently computes the 95% confidence interval of the mean size of all pizzas as [15.36, 16.84]. However, she finds this interval to be too broad to implement quality control and decides to reestimate the mean based on a bigger sample. Using the standard deviation estimate of 1.8 from her earlier analysis, how large a sample must she take if she wants the margin of error to be under 0.5 inch?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92074622
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Loking for guidancea normal population has a mean of mu

Looking for guidance: A normal population has a mean of μ = 100. A sample of N = 36 is selected from the population, and a treatment is administered to the sample. After treatment, the sample mean is computed to be = 106 ...

A random sample ofnbsp19nbspcollegenbspmens basketball

A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753. a.  Construct a 99?% confidence interval to estimate the average ...

The stock of company tyk pays dividends annually with next

The stock of company TYK pays dividends annually, with next year's dividend expected to be $1 a share. For the next seven years, dividends are expected to grow at a rate of 6% a year. Thereafter, dividends are expected t ...

Suppose it is known that the response time of healthy

Suppose it is known that the response time of healthy subjects to a particular stimulus is a normally distributed random variable with a mean of 15 seconds and a variance of 16. What is the probability that a random samp ...

A representative from your company visited a prison and

A representative from your company visited a prison and sampled 500 prisoners in Kailil , concluding that 90 of them are political prisoners. the Test hypothesis, at the 5% significance level, that one third of the priso ...

Many high school students take the ap tests in different

Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year, of the 211,693 students who took the calcu ...

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

A fish tank in a pet store has 23 fish in it 11 are orange

A fish tank in a pet store has 23 fish in it. 11 are orange and 12 are white. Determine the probability that if we select 4 fish from the tank, at least 2 will be white.

A spinner is divided into five equal sectors labeled 1

A spinner is divided into five equal sectors labeled 1 through 5. What is the probability of getting at most two prime numbers in three spins?

Given the probability distribution functionx 0 1

Given the probability distribution function: x 0 1 2 Probability 0.25 0.50 0.25 a. Graph the probability distribution function. b. Calculate and graph the cumulative probability distribution. c. Find the mean of the rand ...

  • 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