User Account

All Pages

Point estimate of the population mean

Assignment Help Business Management
Reference no: EM131109138

Please answer A, B, and D variant.

The manufacturer of a travel alarm clock claims that, on the average, its clocks deviate from perfect time by 30 seconds per month, with a standard deviation of 10 seconds. Engineers from a consumer magazine purchase 40 of the clocks and find that the average clock in the sample deviated from perfect accuracy by 34 seconds in one month.

  • What is the point estimate of the population mean?
  • What is the point estimate of the population standard deviation?
  • If the manufacturer's claim is correct (i.e., 30 seconds, 10 seconds), what is the probability that the average deviation from perfect accuracy would be 34 seconds or more?
  • Based on your answer to part (a), speculate on the possibility that the manufacturer's claim might not be correct?

Reference no: EM131109138

Questions Cloud

Different in to accounting for the employer and pension fund : Differentiate between "accounting for the employer" and "accounting for the pension fund."
What are the overall goals of the challenged process : What are the overall goals of the challenged process that you selected? What is the context and importance of the business process and system? What is the scope of the project?
Determine the number of registers or stack locations : Illustrate your technique on the following expression ((A+B)+(C+D))+((E+F)+(G+H))
Appropriate intregal for calculating the lateral surface : Give an appropriate intregal for calculating the lateral surface are of the solid omitting two ends.
Point estimate of the population mean : What is the point estimate of the population mean? What is the point estimate of the population standard deviation? If the manufacturer's claim is correct (i.e., 30 seconds, 10 seconds), what is the probability that the average deviation from perfe..
Procedures for the negotiation of a government contract : The FAR Part 15 provides the policies and procedures for the negotiation of a government contract. These guidelines protect both the government and the organization that submits a proposal for consideration, whether a competitive or other-than-co..
Memory and prepared for execution : An executable program file is brought into memory and prepared for execution at:a. Compile time. b. Link time. c. Load time. d. Execution time.
Defined contribution pension plan and benefit pension plan : Explain how the employer's obligation differs between the two types of plans.
Complete the code generator for vardecl nodes : Complete the code generator for VarDecl Nodes (Figure 12.3) by inserting calls to the proper code generation subroutines to store the value of InitValue into a local variable.

Reviews

Write a Review

Business Management Questions & Answers

  Communications - when various asynchronous and synchronous

Create and submit scenarios that illustrate when various asynchronous and synchronous media are most effective, identifying the communication technologies that you would employ for each category.

  How would you market front load washers or dryers

You are CEO of ABC Washing Machine Company, and you want to market front load washers and dryers in the Czech Republic. Taking into consideration the mean income for this country is around 20,000 USD, how would you market front load washers/dryers..

  Difference between conflict and competition

Conflict resolution is a necessary skill for any manager or leader. In this assignment, you will examine the difference between conflict and competition. You will also explore ways of determining when conflict resolution is necessary and explain w..

  Illustrate what happens in the business

Suppose the owner tells you that the reason she makes every decision herself is because she believes that she can control illustrate what happens in the business. This unrealistic view is called?

  Create a code of conduct suitable for the rider hotel

Create a Code of Conduct suitable for the Rider Hotel. Ensure Personal behavior is consistent ethical and reflects values of the organization.

  Culture in global business and management

Show the role of culture in global business and management. Describe the main business norms, cultural trends, and landscapes in your country.

  What is the current equity

What is the amount of projected assets?What is the amount of projected liabilities?What is the current equity?

  Develop a regression model to predict the total number

State the linear equation - Explain the overall statistical significance of the model - Develop a regression model to predict the total number of victories based on the payroll.

  What is the final selling price of the item

An item selling for $1681 is marked down 10% for a special promotion. It is later marked down 40% of the sale price. Because it still hasn't been sold, it is marked down an additional 20%. What is the final selling price of the item?

  Define workers'' compensation and employers'' liability policy

The workers' compensation and employers' liability policy has three parts. Which of the following is not a limitation or exclusion of part 1 of the workers' compensation

  Cultural differences important to business managers

Why is an understanding of cultural differences important to Business managers ?

  Estimate how different your financial situation would look

Explain how you would invest the money you would save each year. Estimate how different your financial situation would look if you continued saving and investing over a 10-year period.

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