Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The quality control manager at a light bulb factory needs to estimate the mean life of a large shipment of light bulbs. The standard deviation is 100 hours. A random sample of 64 light bulbs indicated a sample mean life of 350 hours

a. Construct a 95% confidence interval estimate for the population mean life of light bulbs in this shipment.

b. Do you think that the manufacturer has the right to state that the light bulbs have a mean life of 400 hours? Explain.

c. Must you assume that the population light bulb life is normally distributed? Explain.

d. Suppose that the standard deviation changes to 80 hours. What are your answers in (a) and (b)?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91004272

Have any Question?


Related Questions in Statistics and Probability

Blooper industries must replace its magnoosium purification

Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $15 million. The system will last 5 years. Do-It-Right sells a sturdier but more ...

Now assume that i am talking about a normally distributed

Now assume that I am talking about a normally distributed set of data: An IQ test. This IQ test has a mean of 100 and a standard deviation of 15. Find the following probabilities What is the probability that someone scor ...

If we believe the percent to be 75 how many police officers

If we believe the percent to be 75%, how many police officers must we survey to estimate the proportion of officers who graduated from a police academy if we want to ensure we can be 90% we are within 2% of the true prop ...

How does a firm navigate strategic management in the

How does a firm navigate strategic management in the context of an international environment? What complications does an international environment provide? What are the benefits of operating in an international environme ...

Use the information below to answer the questions that

Use the information below to answer the questions that follow : While the Mars candy company no longer reports the percentages of each color M&M that are produced, they had previously reported the following: 13% brown  1 ...

We choose a number from the set 1 2 100 uniformly at

We choose a number from the set {1, 2, ..., 100} uniformly at random and denote this number by  X . For each of the following choices, determine whether the events in question are independent or not. A = {X is even}, B = ...

How does a market-maker decide the edge offset required to

How does a market-maker decide the edge (offset) required to perform an options trade? Explain why this edge would be different for options of different strikes as well as for option combinations?

Stocks a b and c have expected returns of 12 percent 12

Stocks A, B, and C have expected returns of 12 percent, 12 percent, and 10 percent, respectively, while their standard deviations are 42 percent, 30 percent, and 30 percent, respectively. If you were considering the purc ...

Next time you see an elderly man check out his nose and

Next time you see an elderly man, check out his nose and ears! While most parts of the human body stop growing as we reach adulthood, studies show that noses and ears continue to grow larger throughout our lifetime. In o ...

Illustrate the difference between straight and cumulative

Illustrate the difference between straight and cumulative voting systems using as an example a shareholder who owns 5,000 shares and an election in which six directors will be selected. Why might shareholders care about ...

  • 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