Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The mean amount xbar for all of the invoices for your company last month is not known. Based on your past experience, you are willing to assume that the standard deviation of invoice amounts is about $220. You take a random sample of 100 invoices.
Give your answer to the nearest integer.
Fill in the blank:
The 68-95-99.7 rule says that the probability is about 0.95 that xbar is within $ _______ of the population mean Mu?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91061394

Have any Question?


Related Questions in Statistics and Probability

Heights of women follow a normal distribution with

Heights of women follow a normal distribution with mean μ=63.6 inches and standard deviation of σ=2.5 inches.  Suppose random samples of 10 women are chosen and their mean height calculated. Please calculate the mean and ...

Question probability and nonprobability are the two general

Question Probability and nonprobability are the two general categories of sampling. Probability sampling uses random selection, whereas nonprobability sampling does not. For example, if you wanted to study the effects of ...

On august 19 2004 the internet search firm google went

On August 19, 2004, the Internet search firm Google went public, at an offer price of $85 per share. The IPO was unconventional in that Google used an auction to determine its offer price and sell shares to investors. In ...

The probability of a potential employee passing a training

The probability of a potential employee passing a training course is 86%. If you selected 15 potential employees and gave them the training course, what is the probability that more than 12 will pass the test?

A process is normally distributed with a mean of 104

A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 128 rotations per minute, would the process be considered ...

How do you calculate conditional probability for behaviors

How do you calculate conditional probability for behaviors in applied behavior analysis?

Annbspe-commerce web site claims thatnbsp8nbspof people who

An? e-commerce Web site claims that 8?% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of 15 people who visited the Web site. a.  What is the probability that none ...

1 table 1016 contains the value of the house and the amount

1 Table #10.1.6 contains the value of the house and the amount of rental income in a year that the house brings in ("Capital and rental," 2013). Create a scatter plot and find a regression equation between house value an ...

Discuss the meaning of the standard error of the estimate

Discuss the meaning of the standard error of the estimate. As you collect more data, do you expect that this standard error will increase, decrease, or stay about the same? Explain how you came to this conclusion.

A recent study found that 64 of workers between the ages of

A recent study found that 64?% of workers between the ages of? 20-29 cash out their retirement accounts when they lose their jobs or move to a new employer. Complete parts a through e below based on a random sample of 14 ...

  • 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