Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

What do they mean? with confidence interval? I'm just starting out and this is part of our homework for class. I don't understand it.

A simple random sample of 10 items resulted in a sample mean of 70. The population standard deviation is = 15.

a. Compute the 95% confidence interval for the population mean. Round your answers to three decimal places. Write your answer using parentheses and a comma, in the form (n1,n2).

b. Assume that the same sample mean was obtained from a sample of 130 items. Provide a 95% confidence interval for the population mean. Round your answers to five decimal places.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91005717

Have any Question?


Related Questions in Statistics and Probability

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

The service manager for anbspcar dealership reviewed sales

The service manager for a car dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate ...

If a study was done to measure the total brain volume of

If a study was done to measure the total brain volume of patients that had schizophrenia and also of patients that are normal. Table 1 has the total brain volume of the normal patients and table 2 has the total brain vol ...

During a certain week the mean price of gasoline was 2719 a

During a certain week the mean price of gasoline was $2.719 a gallon. A ronadom sample of 32 stations is drwn. What is the probability that the mean price was between $2.695 and $2.716. Assume o=$0.048.

Consider a binomial probability distribution with p03

Consider a binomial probability distribution with p=0.3. Complete parts a through c below. a. Determine the probability of exactly four successes when n=5 P(4)=

1 for this problem carry at least four digits after the

1. For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. Santa Fe black-on-white is a type of pottery commonly found at archaeological excavations ...

An aerospace company has submitted bids on two separate

An aerospace company has submitted bids on two separate federal government  defense contracts, AandB . The company feels that it has a 60% chance of winning contract Aand a 30% chance of winning contractB . If it wins co ...

A business analyst in the washington dc area looked at the

A business analyst in the Washington, D.C. area looked at the following Christmas 2016 and 2017 toy sales in Metro D.C. Six toy stores were were contacted and shared the following information where x is 2016 sales and y ...

Research research and sample 5000 household concerning tv

Research research and Sample 5000 household concerning TV shows they watch. Based on the sample 18% reported watching 60 Minutes. What is the 95% confidence interval for the proportion of all Americans that watch 60 minu ...

Two payments of 9000 and 2600 are due in 1 year and 2 years

Two payments of $9,000 and $2,600 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 5 years if money is worth 10.00% compounded quart ...

  • 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