15 years of experience is between what two numbers

Assignment Help Applied Statistics
Reference no: EM13831578

A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. 

Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confident that the mean salary for all managers with at least 15 years of experience is between what two numbers?

What is the lower and upper limit?

 

 

Reference no: EM13831578

Questions Cloud

Calculate the contribution margin per bag : Calculate the contribution margin per bag. Calculate the monthly fixed costs. Calculate the number of bag sales per month needed to break even (round up to nearest bag if required).
Graphing a nominal independent variable : 1) There are 2 types of graphs that are best to use when graphing two scale variables. Which 2 graphs are these? 2) When graphing a nominal independent variable and a scale dependent variable, you could use a ____________ or a ____________.
A statistics professor at the university of imax : 3. Mr. Freude Lazer, a statistics professor at the University of IMAX, drives from his home to the university every weekday. He has three options to drive there: he can take the Beltway, or he can take a main highway with some traffic lights, or he c..
The same sample size are taken from a population : 1. Assume 50 random samples of the same sample size are taken from a population, and a 90% confidence interval is constructed from each sample. How many of the intervals would you expect to contain the true population mean?
15 years of experience is between what two numbers : A sample of 9 managers with over 15 years of experience has an average salary of $71,000 and a sample standard deviation of $18,000. Assuming that the salaries of managers with over 15 years experience are normally distributed, you can be 95% confide..
Draw a scatter diagram of y : (a) Draw a scatter diagram of y (blood pressure rise in millimeters of mercury) versus x (sound pressure level in decibels). Does a simple linear regression model seem reasonable in this situation? (b) Fit the simple linear regression model using lea..
Component of bile : The molecules to the right are a component of bile that is secreted into the intestines. This is considered to be an amphiphilic molecule.
The number of units of three products : In the model X1, X2, and X3 are the number of units of three products or services to make. The constraints are: machine time (minutes), labor (hours), budget (in $), and a limit on the number of units of X3. The objective is to maximize profit. Note:..
Attractive opportunities for growth and profitability : The national restaurant association publishes an annual industry factbook that can be found at wwwrstaurant.org. Based on information in the latest report, does it appear that macro-environmental factors and the economic characteristics of the indust..

Reviews

Write a Review

Applied Statistics Questions & Answers

  R programming

R programming

  S this good news or bad for the customers and the firm

The Operational experts of Woodbridge Electric have announced a breakthrough in the production process and the mean of the same bulb has increased to 9000 hours and the standard deviation has decreasing to 200 hours (again assume a normal distributio..

  Which one of the 8prophecies and its fulfillment spoke to yo

When performing a hypothesis test, you must make an assumption inorder to perform it. Assume that the hypothesis you are testing (the nullhypothesis) is true. This assumption allows you to calculate the probability ofthe test results. You then use th..

  Formal hypothesis test

Your write-up of this experiment should include your work to determine the n, your methodology, your record of the experiment, your confidence interval, your interpretation of the confidence interval, your formal hypothesis test and your comments ..

  Traditionally been resistant to vaccination efforts

6. A particular district of your nation had a higher incidence rate for polio last year compared to the rest of the country. That region has been traditionally been resistant to vaccination efforts. You have commissioned a case-control study for the ..

  Economics wants to study the relationship between income

A professor of economics wants to study the relationship between income (y in $1000s) and education (x in years). A random sample eight individuals is taken and the results are shown below. Test to see if there is any significant relationship between..

  A random sample consisted of 36 patients

Calculate the 90% confidence interval for the population mean of health men's pulse (sphygmus) in mountainous area.

  Develop a confidence interval for the mean

Choo Choo Paper Company produces papers of various thicknesses. A random sample of 49 cuts had a mean thickness of 30.3 mils with a sample standard deviation of 4 mils. a) Develop a 99% confidence interval for the mean thickness of the population. b)..

  Distribution to approximate the following probability

Use the normal distribution to approximate the following probability: According to the most recent Davenport student profile, 47% of students have children under 17 living at home with them. Find the probability that a random sample of 800 students w..

  A sample of price of 16 different models of mobile in a stor

1) A sample of price of 16 different models of mobile in a store are as follows: 900 300 340 450 280 220 340 290 370 400 310 340 430 270 380 910 a) Calculate the mean, median, mode, first and third quartile. b) Calculate the variance, standard deviat..

  Develop a process map about the prescription filling process

Develop a process map about the prescription filling process for HMO's pharmacy, in which you specify the key problems that the HMO's pharmacy might be experiencing. Next, use the supplier, input, process steps, output, and customer (SIPOC) model to ..

  The college student senate is sponsoring a spring break cari

1 )The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2544 raffle tick..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd