Find the probability that the sample mean

Assignment Help Basic Statistics
Reference no: EM131319357

Question: A survey found that an American Family generates an average of 17.2 lb of glass garbage each year. Assume that the standard deviation of the distribution is 2.5 pounds. If a sample of 55 families is randomly selected, find the probability that the sample mean is

a.) between 12 and 18 lb?

b.) below 16 lb?

c.) Above 18lb?

Reference no: EM131319357

Questions Cloud

Explain the scope of your house-building project : You are the project manager in charge of building a house in Ashburn, Virginia. The house is a five-bedroom home estimated to cost $1.2 million dollars and has to be completed in 24 months. Identify at least 20 activities required to complete this..
How do redundant arrays of independent disks (raid) work : What codes are used, and how far are these systems from the Shannon limit for the problem they are solving? How would you design a better RAID system? Some information is provided in the solution section.
Calculate the expected payoff from playing : Calculate the expected payoff from playing this game.
What is the current price of the call : Consider a two-period, two-state world. Let the current stock price be $35 and the risk-free rate be 5%. What is the current price of the call? What is the initial hedge ratio?
Find the probability that the sample mean : Question: A survey found that an American Family generates an average of 17.2 lb of glass garbage each year. Assume that the standard deviation of the distribution is 2.5 pounds. If a sample of 55 families is randomly selected, find the probabilit..
Estimated from the samples described : The margin of error is = _______ (round to the nearest tenth as needed) Find the 95% confidence interval= _______ (round to the nearest tenth as needed)
What is the expected return of investing in company c : Company A has a beta of 2.77. Company B has a beta of .73. Company C has a beta of .90. The risk free rate is 6% and the market risk premium is 4%. What is the expected return of investing in Company C?
What is the expected return on the market portfolio : Suppose the yield on short-term government securities (perceived to be risk-free) is about 3%. Suppose also that the expected return required by the market for a portfolio with a beta of 1 is 13.5%. According to the capital asset pricing model: Wh..
Discuss the business strategy of your selected company : Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work, one in which you have access, or one of such substance that significant internet material is available for yo..

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is the equation for the line of best fit

What is the independent variable (x-values)? What is the dependent variable (y-values)? What is the equation for the line of best fit that is determined using the Microsoft Excel Regression Analysis tool on the data

  State the null hypothesis and the alternative hypothesis

State the Null Hypothesis and the Alternative Hypothesis

  Correlation between education level and salary

How would you respond if someone told you that the correlation between education level and salary was 1.27?

  How does the shape of the quantile plot affect

How does the shape of the quantile plot affect your interpretation of the results?

  Suppose according to a 1990 demographic report the average

suppose according to a 1990 demographic report the average u.s. household spends 90 per day. suppose you recently took

  Confidence interval for true mean fill volume for all jugs

Construct a 94% confidence interval for the true mean fill volume for all jugs of softener.

  A 98 confidence interval estimate for a population mean

a 98 confidence interval estimate for a population mean was computed to be 26.4 47.8. determine the mean of the sample

  The probability of counting an event occurring

Let {N(t),t ≥ 0} be a Poisson process with rate λ = 2. Suppose that all the events that occur in the intervals (2k, 2k + 1], where k ∈ {0,1,2,...}, are counted, whereas the probability of counting an event occurring in an interval of the form {2k+1,2..

  Describe two designs that can address your research question

In a few sentences, describe two designs that can address your research question. The designs must involve two different statistical analyses. For each design, specify and justify each of the four factors and calculate the estimated sample size you'l..

  The annual percapita consumption of fresh apples in pounds

the annual percapita consumption of fresh apples in pounds in a nearby state can be approximated by a normal

  Importance of pretesting questions

What is the importance of pretesting questions in an insturment you are developing? How might you go about doing such a pretest?

  We generally see a similar type of analysis performed in

when only concerned about the results at one end of the distribution curve we use a one-tail test. we generally see a

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