Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

With reference to Exercise 25, use the large-sample confidence-interval formula of Exercise 19 to construct a 98% confidence interval for the standard deviation of the time it takes a mechanic to perform the given task.

Exercise 25

To estimate the average time required for certain repairs, an automobile manufacturer had 40 mechanics, a random sample, timed in the performance of this task. If it took them on the average 24.05 minutes with a standard deviation of 2.68 minutes, what can the manufacturer assert with 95% confidence about the maximum error if he uses  = 24.05 minutes as an estimate of the actual mean time required to perform the given repairs?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91894406

Have any Question?


Related Questions in Statistics and Probability

Suppose you perform a multiple regression to predict crime

Suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy. Explain how to conduct a test of hypot ...

Suppose a soccer team wins each of its games with

Suppose a soccer team wins each of its games with probability 0.4, loses with probability 0.4, and ties with probability 0.2, with each game's outcome independent. Their season starts, and they play a game every day.Let  ...

A perpetuity pays 4300 at the end of every month for 11

A perpetuity pays $4300 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 9%, what is the present value of this p ...

Assume that the box contains 12 balls 4 red 4 green and 4

Assume that the box contains 12 balls: 4 red, 4 green, and 4 blue. Two balls are drawn at random, one after the other without replacement. What is the probability that the first ball was blue, given that the second was r ...

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals?  This was my answer and it was incorrect, so I want to know ...

You work for a large company with tens of thousands of

You work for a large company with tens of thousands of retail outlets throughout the world. The average sales at each retail outlet is $2,400,000 per year, with a standard deviation of $600,000. You want to put in place ...

With whom should you consult about design strategies to

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

Discrete probability variablesthirtynbsppercent of

Discrete probability variables. Thirty percent of households say they would feel secure if they had? $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had? $50,000 in sav ...

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

  • 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