User Account

All Pages

Interval estimate for the population mean

Assignment Help Finance Basics
Reference no: EM131402624

1. A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is optimal to put their house on the market. Her realtor friend informs them that the last 28 houses that sold in their neighborhood took an average time of 205 days to sell. The realtor also tells them that based on her prior experience, the population standard deviation is 68 days.

a. What assumption regarding the population is necessary for making an interval estimate for the population mean?

1a. Assume that the central limit theorem applies or 2a. Assume that the population has a normal distribution

b. Construct the 95% confidence interval for the mean sale time for all homes in the neighborhood. (Round intermediate calculations to 4 decimal places. Round z value to 3 decimal places and final answer to 2 decimal places.

Reference no: EM131402624

Questions Cloud

What is a small open economy : In the second model in this chapter, what are the determinants of the current account surplus, and how does each of these determinants affect it?
Discuss the nuclear reactions within the reactor : Discuss the nuclear reactions within the reactor of a nuclear power plant? Contrast the Three Mile Island, Chernobyl, and Fukushima Da-Ichi incidents with respect to the cause of the incident and radiation levels measured after the incident
How is your product different from that of your competition : How is your product different from that of your competition? What are the top three objections to buying your product / service immediately? What are three unique benefits of your product / services?
Discuss interrogation tactics that lead to false confession : Discuss interrogation tactics that lead to false confession, specifying at least two examples and explain the reason they are considered coercive. Include information about how this would look in an actual interrogation and how the client experien..
Interval estimate for the population mean : a. What assumption regarding the population is necessary for making an interval estimate for the population mean? 1a. Assume that the central limit theorem applies or 2a. Assume that the population has a normal distribution
Discuss the role of communication in businesses : How could this message be communicated in another, better way? What does this example tell you about the role of communication in businesses when resistance is involved
Discusses the implications of your general leadership views : Defines leadership and management. Defends or criticizes the view that leadership and management are different concepts. Gives specific examples that support your position. Discusses the implications of your general leadership views.
Descriptive statistics project : Use the following information to complete the questions below. While APA format is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, ..
Define social responsibility : Define social responsibility.What are the similarities and differences between both companies regarding their corporate social responsibility efforts?What positive strides are both companies trying to make with their corporate social responsibility e..

Reviews

Write a Review

Finance Basics Questions & Answers

  Should the farmer replace his existing system

Should the farmer replace his existing system?

  Important factor that driving globalisation of international

important factors that driving globalisation of the international ?

  What is the operating cash flow of the project

The company has a marginal tax rate of 35%. What is the operating cash flow of the project using the tax shield approach?

  What were bertin total long-term debt in 2010

How much new long-term debt financing will be needed in 2011? (Hint: AFN - New stock = New long-term debt.) Round your answer to the nearest dollar.

  If output rises to 64000 units what will the percentage

at an output level of 55000 units you calculate that the degree of operating leverage is 3.25. if output rises to

  Prepare an npv profile of the purchase

OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $500 million,and would operate for 20 years. OpenSeas expects annual cash flows from operating the ship to be $70 million (at the end of each year) and its cost of ca..

  A foreign-currency net investment hedge

Would be accounted for under FASB no. 52, and such hedges are not recommended by financial experts unless they are designed to hedge actual cash flows.

  Develop a personal financial planning budget

Develop a personal financial planning budget. This budget can represent a budget for a fictitious individual; however, make sure you include the following.

  Two years ago you bought 300 shares of kayleigh milk co for

two years ago you bought 300 shares of kayleigh milk co. for 30 a share with a margin of 60 percent. currently the

  What are the costs of retained earnings and new common stock

Sun Instruments expects to issue new stock at $34 a share with estimated flotation costs of 7% of the market price. The company currently pays a $2.10 cash dividend and has a 6% growth rate. What are the costs of retained earnings and new common s..

  The pragmatic nationalist view sees fdi as having

The pragmatic nationalist view sees FDI as having

  After some years experience with an integrated health

building the physician organization a large established medical group after some years experience with an integrated

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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