Estimate of investment earnings

Assignment Help Basic Statistics
Reference no: EM1396703

Joe is being audited by the IRS and must provide an estimate for his investment earnings over the next four years. After a thorough search, Joe can only find the following records.

Show how Joe can provide a reasonable estimate for 2007 - 2010.

Year Earnings

1997 $2,000

1998 $3,000

2000 $10,000

2003 $12,000

2004 $14,000

2006 $18,000

Reference no: EM1396703

Questions Cloud

Probability related to customers with internet access : Suppose that 98% of the customers in your market have Internet access, and you select a random sample of 500 customers. What is the probability that the sample has:
Determining regression line and chi square : David Gallano, a wine merchant, has collected opinions on grape wine quality from a sample of his customers. These customers tasted wine made from grapes grown in three regions of the country.
Why are prokaryotic organisms unable to undergo meiosis : Gien that prokayokic organisms are unable to undergo meiosis, what are the methods by which they acquire new genetic information?
Explain how can technology be used to prevent : Explain how will you ensure which there's no backsliding - which there won't still be wooden boxes in use six months from now? Explain how can technology be used to prevent or inhibit backsliding?
Estimate of investment earnings : Joe is being audited by the IRS and must provide an estimate for his investment earnings over the next four years. After a thorough search, Joe can only find the following records.
Why is the size of a bacterium more accurate : Why is the size of a bacterium more accurate for a negative stain than a direct staining method?
How many mrna nucleotides are required to encode : The human vasoactive intestinal polypeptide (or VIP) contains 29 amino acid.
Estimate the broad sense heritability in leaf number : In a cross between two cultivated inbred varieties of tobacco, the variance in leaf number per plant in the F1 generation was 1.46 and in the F2 generation it was 5.97.
Predicting forecast-trend line equation : The following time series data represent the yearly amounts spent on advertising (in millions of dollars) by a large toy company:

Reviews

Write a Review

Basic Statistics Questions & Answers

  Confidence interval for the mean amount of time

Determine and interpret a 95% confidence interval for the mean amount of time Americans age 15 or older spend eating and drinking each day.

  Standard error of the difference between two proportions

The results of a recent poll on the preference of shoppers regarding two products are shown below.

  Performance of the comapany stock investments

In studying the performance of the comapany's stock investments over the past year, the research manager of a mutual fund company finds that only 43% of the stocks returned more than the rate that had been expected at the beginning of the year.

  Confidence interval-students compare to national sample

A sample of 30 students are tested (sample mean=58, standard error=3.2). Compute a 99 percent confidence interval based on this sample's data. How do these students compare to the national sample?

  Find the sample size in order to obtain p estimate

How large sample should be selected in order to obtain p estimate with a bound of 0.08 on the error of estimation.

  Finding of sample size for population mean

How many boxes must the processor sample to be 95 percent confident that the sample mean does not differ from the population mean by more than 0.2 pounds?

  Minimizing cost of meeting demands

Find out how to minimize cost of meeting demands in Houston and Tampa.

  Evaluate area under the standard normal curve

Evaluate the area under the standard normal curve that lies to the left of z = - 3.49 and simple random sample of size

  Independent samples t test and levene test

See if there is a difference in their means and variances.

  Confidence interval for population standard deviation sigma

Suppose that population has normal distribution. Determine a 95 percent confidence interval for population standard deviation sigma.

  Standard normal random variable

Find the value of the standard normal random variable z, called z 0  such that:

  Standard score or z-score interpretation

Describe your answer to a person who has never had a course in statistics.

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