Create confidence interval for mean money spend on food

Assignment Help Basic Statistics
Reference no: EM13148513

How much money does the average professional football fan spend on food at a single football game? That question was posed to 10 randomly selected football fans. The sampled results show that sample mean and standard deviation were $52.00 and $17.50, respectively. Use this information to create a 95% confidence interval for the mean.

Reference no: EM13148513

Questions Cloud

What is the ph change : What is the PH change of a 0.270M solution of Citric Acid (pKa = 4.77) if citrate is added to a concentration of 0.145M with no change in volume?
Compute the change in molar enthalpy : Calculate the change in entropy when one mole of ice at ?10.0°C and 1 atm is converted to liquid water at ?5.0°C and 1 atm. The molar enthalpy of fusion for H2O
Susceptible to fraud and errors : Consider how an organization must manage cash, receivables, and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in ..
Discuss the relationship between shoe brands : Discuss the relationship between shoe brands P and N, and also the type of good that shoes P can be classified as and discuss the meaning of R-square and the t-value for the parameter estimate on the Pp and PN.
Create confidence interval for mean money spend on food : The sampled results show that sample mean and standard deviation were $52.00 and $17.50, respectively. Use this information to create a 95% confidence interval for the mean.
Market demand and supply : Market demand and supply are given as Qd = 1000 - 5P and Qs = 4P - 80 respectively. If P = 100,
Statements about partnership : Which of the following statements about a partnership is true?
Find hypothesis that mean of population is fifty eight : Basing your decision on the value of the t statistic, is it reasonable to say that this information supports the hypothesis that the mean of the population is 58?
Supply-demand and price controls : How do supply, demand, and price controls interact to affect farm production in Columbia and Afghanistan? How does the illicit nature of drug imports from Columbia and Afghanistan affect consumer behavior?

Reviews

Write a Review

Basic Statistics Questions & Answers

  The explanatory variable which is a measure of neighborhood

The explanatory variable which is a measure of neighborhood socio-economic status variable RFM. Response variable is percent (%) of bicycle riders that wears a helmet.

  Confidence intervals and probability

Suppose that 55 percent of the people in a population of 500,000 support your candidate. If you conduct a poll of 1,000 people, what is the interval that has a 95 percent chance of containing the results of your poll?

  Normal approximation to binomial variable

Nathan wants to approximate a binomial probability by normal curve areas. The number of trials is 50 and the probability of success for each trial is 0.95

  Population standard deviation if time sample mean is less

Suppose a random sample of size 36 is drawn from a population with a mean of 278. If 86% of the time the sample mean is less than 280, what is the population standard deviation?

  What decision be made using minimax regret

lakewood fashions must decide how many lots of assorted ski wear to order for its 3 stores. Information on pricing, sales and inventory costs has led to the following payoff table. what decision should be made using minimax regret.

  How large of sample to provide a margin of error

Surveys 32 currents students discovering that 12 will return for summer school. b. with a 0.95 probability, how large of a sample would have to be taken to provide a margin of error of 3% or less?

  Probability values depend on normal distribution

Find out the probability that: (a) The amount requested is between $65,000 or more?

  Question on capacity

A battery manufacturing plant normally operates two eight-hour shifts per day and 6 days per week. The manufacturer can produce 375 units per hour.

  Statistical test used to analyze the data

The data follow. Males Females 27 25 25 29 19 18 10 23 16 20 22 15 14 19 (a) What statistical test should be used to analyze these data?

  Comparing probability of successes

let the number of trials be n = 3, and let the probability of success be p = 0.0228. Use a calculator to compare:

  Decision tree to determine best course of action

If the agency is risk neutral, use a decision tree to determine its best course of action.

  Hypothesis testing of audiences

For many years, TV executives used the guideline that 30 percent of the audiences were watching each of the prime-time networks and the 10 percent were watching cable stations on a weekday night. A random sample of 500 viewers in the Tampa - St.

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