Compute point estimate for population mean number shares

Assignment Help Basic Statistics
Reference no: EM131055879

Harley-Davidson Stock Volume The trade volume of a stock is the number of shares traded on a given day. The following data, in millions (so that 2.45 represents 2,450,000 shares traded), represent the volume of Harley-Davidson stock traded for a random sample of 40 trading days in 2010.

2.45

2.10

7.11

2.91

1.92

1.45

2.31

1.41

1.62

4.48

2.30

1.42

3.26

2.82

1.66

2.30

1.58

1.91

1.67

2.66

1.47

1.14

3.06

3.09

2.83

1.77

1.50

6.19

2.84

1.94

2.02

1.71

1.87

1.83

2.03

2.62

1.81

1.89

1.64

0.89

(a) Use the data to compute a point estimate for the population mean number of shares traded per day in 2010.

(b) Construct a 90% confidence interval for the population mean number of shares traded per day in 2010. Interpret the confidence interval.

(c) A second random sample of 40 days in 2010 resulted in the data shown next. Construct another 90% confidence interval for the population mean number of shares traded per day in 2010. Interpret the confidence interval.

2.07

2.39

1.24

2.02

2.23

1.67

2.06

2.74

5.19

2.38

3.32

2.44

2.34

2.74

1.37

1.60

1.71

1.64

2.20

1.43

1.48

2.05

3.75

3.30

2.70

2.44

1.67

1.38

3.12

1.69

1.79

2.05

3.59

1.79

2.20

1.54

0.84

2.19

1.69

1.77

(d) Explain why the confidence intervals obtained in parts (b) and (c) are different.

Reference no: EM131055879

Questions Cloud

Type of poisonous compound : Agent blue is a herbicide that was used against the Vietnamese. What type of poisonous compound does it contain?
What is the probablity that you select a vial : What is the probablity that you select a vial that is not outside the acceptable range? You randomy select 15 vials what is the probability that you select at least one vial that is not outside the acceptable range
Living conditions of slaves : Write 5 page paper describing the antebellum south and the living conditions of slaves. Include a thesis alter the paper around this thesis
What were the main types of business : Civilization is a way of doing business? Using the examples that we have learnt thus far, answer these questions. 1. What were the main types of business (economic activity) in the Ancient world?
Compute point estimate for population mean number shares : Use the data to compute a point estimate for the population mean number of shares traded per day in 2010.  Construct a 90% confidence interval for the population mean number of shares traded per day in 2010
Explain the leadership styles of president barack obama : Explain the Leadership styles of President Barack Obama and President Ronald Reagan.
What is the difference between indirect and direct exporting : What is the difference between indirect and direct exporting? What advantages would you think are present in exporting your product to a country rather than building a plant there?
Write response to hartnetts essay on anti-war activism : Based on our lecture, the course readings, and personal experiences, students will write and submit their own summary of, and response to, Hartnett's essay on anti-war activism.
Average percentage of aluminum oxide : Does the data provide sufficient information to indicate that there is a difference in the average percentage of aluminum oxide at the two sites? Test at the 5% level of significance

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is expected number of contracts that company will win

What is the expected number of contracts that it will win? What is the expected profit for each contract? What is the company's expected total profit on these three bids?

  Determine whether families with income

Determine whether families with income of $40,000 will have to spend less than $6,500 to send their children to prestigious colleges. (Use α = 0.05.)

  Investigating regarding probability

Construct a probability for the number of students in the sample who watch soap operas.

  Test hypothesis that median salary of financial accountants

Use these data to test the hypothesis that the median salary of financial accountants in 2007 was not greater than in 2004. What is the p-value?

  Claiming to accept an error rate

The average speed of greyhound dogs is about 18.8 meters per second. A particular greyhound breeder claims that her dogs are faster than the average greyhound. In a sample of 45 dogs, they ran, on average, 19.2 meters per second with a standard de..

  Mcq of confidence interval

The mean weight of trucks traveling on the the highway is unknown. A state highway inspector needs an estimated mean. He selects 49 trucks passing the weighing station and gets a mean of 15.8 tons

  Slope predictor function and equation of tangent line

Given the above function, use the four-step process to find a slope predictor function m(x). Then write an equation for the line tangent to the curve at the point x = 8.

  How data point significant difference between two treatments

Second treatment had M = 52 with s^2 = 36. Do these data point to significant difference between two treatments? Use the two-tailed test with α = .05.

  Range of values for a coefficient of correlation

Illustrate is the range of values for a coefficient of correlation. Illustrate degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate.

  Percentage of sample means

A final exam in Statistics has a mean of 73 with a standard deviation of 7.73. Assume that a random sample of 24 students is selected and the mean test score of the sample is computed. What percentage of sample means are less than 70?

  Calculate the probability that a specific bus say line 34

assume every bus in gainesville follows an exponential distribution with a mean of 7.5 minutes. from a bus stop we

  Probability of visa card usa

Visa Card USA studied how frequently young consumers, ages 18 to 24, use plastic cards in making purchases. The results of the study provided the following probabilities.

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