What is the probability that a random sample of 49 different

Assignment Help Basic Statistics
Reference no: EM13847457

Q.3 Using a people-counting device at the entry to a particular department store in Sydney, the average number of shoppers visiting the store during any one-hour period was determined as 448 shoppers with a standard deviation of 21 shoppers.

(a) What is the probability that a random sample of 49 different one-hour shopping periods will yield a sample mean between 441 and 446 shoppers?

(b) Interpret your answer in words.

(c) If the random sample size increased to 196 what effect will this have on the standard error of the mean?

Reference no: EM13847457

Questions Cloud

The sanchez corporation is preparing its 2012 balance sheet : The Sanchez Corporation is preparing its 2012 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2012:
Reading publically available financial statements : Why is working capital important to management? How do financial analysts use the quick ratio? Would your computations be different if the company reported $250,000 worth of contingent liabilities in the notes to the statements?
A national survey found that of australians consume milk : A national survey found that 17% Of Australians consume milk with their breakfast. However, in Victoria, a large milk producer believes that more than 17% of Victorians consume milk with their breakfast. To test this idea, a marketing organisation ra..
What can you conclude from your calculations : Using these data, construct a 95% confidence interval to estimate the average number of days a car is rented out. Assume that the number of days a car is rented is normally distributed in the population. What can you conclude from your calculations?
What is the probability that a random sample of 49 different : What is the probability that a random sample of 49 different one-hour shopping periods will yield a sample mean between 441 and 446 shoppers?
Explain why the assumption of normality : he Bureau of Labor Statistics provides compensation information on and services for various positions. As of May 2008, the national average salary for an RN (registered nurse) was $65,130. Suppose the standard deviation is $9385. For a random sample ..
State the null and alternative hypotheses, in words : State the null and alternative hypotheses, in words and in symbols., The five stocks that Sara recommended to Daniela had returns of +10%, -15%, +5%, +30%, and -5% over the one-year trial period.  (The overall stock market, as measured by the S&P 500..
When was the employee hired : What is the expected postretirement benefit obligation at the end of 2013? When was the employee hired? What is the expected postretirement benefit obligation at the beginning of 2013?
What is the apbo at the beginning of the year : What is the APBO at the beginning of 2013? What is the interest cost for 2013? What is service cost for 2013? Prepare the journal entry to record the postretirement benefit expense for 2013.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Proportion and probability of household incomes

According to the U.S. Census Bureau, the mean household income in the United States in 2000 was $63,091 and the median household income was $50,054.

  Estimate for the population variance

What is the mode and calculate the unbiased estimate for the population variance - estimate of the population variance of 9.2

  Additional information from iverstine and walker

1. Does Steve need additional information from Iverstine and Walker?1. Does Steve need additional information from Iverstine and Walker?

  Use the blank table above and to the right to create a

central day school a charter school dedicated to teaching first and second grade students collected data on their

  Find the correlation between xt and et-1

Let Xt=1+e t- 0.5et-1 , t=1,2,3,...., where et~llD(0,2),the variance of et is 2. a) Compute the mean of Xt b) Compute the variance of Xt c) Find the correlation between Xt and et-1

  Conduct hypothesis test usingalphaiexcl05 use traditional

a city has four exit ramps off an interstate highway. historically the percentages of exiting cars using exits 1

  Make a scatter diagram of the scores

Make a scatter diagram of the scores; (b) describe in words the general pattern of correlation, if any (c) figure the correlation coefficient; (d) figure whether the correlation is statistically significant.

  Find minimum score to receive money and z score

Standard deviation of 100. The top 3% of students receieve $500. What is the minimum score you would need to receive this money? Calculate the z-score.

  Probability that average time spent per customer is in range

A random sample of 36 customers is selected. What is the probability that the average time spent per customer is between 2.9 and 3.2 minutes?

  Suppose that machines m1 m2 and m3 produce respectively 500

suppose that machines m1 m2 and m3 produce respectively 500 1000 and 1500 parts per day of which 5 6 and 7 are

  Describe what is meant by a binomial experiment how do

describe what is meant by a binomial experiment. how do binomial experiments apply to each of the four

  No typographical errors will be found on a page

A newspaper finds that the mean number of typographical errors per page is five. Find the probability that:

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