The marketing research team of an investment corporation is, Ask an Expert

Statistics

The marketing research team of an investment corporation is trying to determine its target market for the promotion of a new financial instrument. the mean income of those surveyed for the first round of research was $75,000 and the standard deviation was $25,000. what would be the range of income for the second round of testing if the company decided to omit the bottom 10% of income?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9999722

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

A survey asks 20002000 workers has the economy forced you

A survey asks 20002000 ?workers, "Has the economy forced you to reduce the amount of vacation you plan to take this? year?" FiftyFifty?-fourfour percent of those surveyed say they are reducing the amount of vacation. Twe ...

Letnbspxnbspbe a random variable that represents the ph of

Let x be a random variable that represents the pH of arterial plasma (i.e., acidity of the blood). For healthy adults, the mean of the x distribution is μ = 7.4.† A new drug for arthritis has been developed. Howeve ...

The weights of ice cream cartons are normally distributed

The weights of ice cream cartons are normally distributed with a mean weight of 20 ounces and a standard deviation of 0.5 ounces. You randomly select 25 cartons. What is the probability that their mean weight is greater ...

Let x be a continuous random variable suppose that we know

Let X be a continuous random variable. Suppose that we know that Pr(X 5), and how do you know? (Hint: X is not necessarily normally distributed, but you can still consider how much area is under the curve, no matter the ...

What are financial ratios commonly used in quantitative

What are financial ratios commonly used in quantitative models of debt ratings? List THREE financial ratios that represent three different factors and explain why these ratios can capture the company's ability to meet it ...

A manufacturer obtains clock-radios from three different

A manufacturer obtains? clock-radios from three different? subcontractors: 10?% from? A, 30?% from? B, and 60?% from C. The defective rates for these subcontractors are 3?%, 2 %, and 5?% respectively. If a defective? clo ...

Owning a business what do you see as the biggest challenge

Owning a business, what do you see as the biggest challenge or challenges in developing a useful forecasting?

In a survey of 3439 adults 1418 say they have started

In a survey of 3439 adults, 1418 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.

A recent college graduate has taken a new job at work llc

A recent college graduate has taken a new job at Work LLC, and since the company does not offer a traditional pension plan, she plans to take advantage of a tax-free investment account backed by a reputable financial ins ...

The average starting salary for graduates at a university

The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the data shows that it takes on a mound shape, the empirical rule says that approximately 68% of ...

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