What is the standard error of the mean

Assignment Help Accounting Basics
Reference no: EM131008560

1. Suppose that you are testing the hypotheses H0: = 16 vs. HA: 6 16. A sample of size 25 results in a sample mean of 16.5 and a standard deviation of 2.0.

a) What is the standard error of the mean?

b) What is the critical value of t* for a 90% confidence interval?

c) Construct a 90% confidence interval for m.

d) Based on the confidence interval, at = 0.05 can you reject H0? Explain.

2. Suppose that you are testing the hypotheses H0: = 80 vs. HA: Z 80. A sample of size 61 results in a sample mean of 75 and a standard deviation of 1.5.

a) What is the standard error of the mean?

b) What is the critical value of t* for a 95% confidence in- terval?

c) Construct a 95% confidence interval for m.

d) Based on the confidence interval, at = 0.05 can you reject H0? Explain.

Reference no: EM131008560

Questions Cloud

Proportion of houses : A realty company recently announced that the proportion of houses taking more than three months to sell is now greater than 50%. A financial firm's accounting reports that after improvements in their system, they now have an error rate below 2%.
Reject the null hypothesis : For each of the following situations, state  whether a Type I, a Type II, or neither error has been made. a) A test of H0: m = 25 vs. HA: m 7 25 rejects the null hypothesis. Later it is discovered that m = 24.9. b) A test of H0: p = 0.8 vs. HA: p 6 0..
Solve the constant-coefficient equation : Solve the constant-coefficient equation in u to find two linearly independent solution. Use part (b) to find solution of the DE when a = 1 and b = -1/2. FInd the solution when y(1) = 0 and y'(1) = 1.
What is the predictor variable : For each additional hour of television viewed per day, the number of fruit and vegetable servings per day was found to decrease on average by 0.14 serving. For this study, what is the dependent variable? What is the predictor variable?
What is the standard error of the mean : 1. Suppose that you are testing the hypotheses H0: m = 16 vs. HA: m 6 16. A sample of size 25 results in a sample mean of 16.5 and a standard deviation of 2.0. a) What is the standard error of the mean?
What is the sample and what is the population : Briefly describe the data that is used and how it is collected. What is the sample and what is the population? Example: Survey data collected by QU pollsters. The sample is those polled, and the population may be U.S. citizens eligible to vote
Is the slope of the least-squares line positive or negative : For each of the following pairs of variables, indicate whether you would expect a positive correlation, a negative correlation, or a correlation close to 0. Explain your choice. Maximum daily temperature and cooling costs.
The rockwell corporation uses a periodic inventory system : In the 2011-2009 comparative financial statements, what will be the amounts of cost of goods sold and inventory reported for 2011?
Standard error and standard deviation of sample proportion : a) Construct a 90% confidence interval for p. b) Based on the confidence interval, at a = .05 can you reject H0? Explain. c) What is the difference between the standard error and standard deviation of the sample proportion? d) Which is used in comput..

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Normal it reporting channels

What is the role of an internal IT audit group in an organization? Why is having such a group important for an organization and why should it report outside the normal IT reporting channels?

  Computing after-tax profit margin

The ABC Corp. had net income before taxes of $400,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:

  When using the high low method the question says be sure

when using the high low method the question says be sure to consider only the data points contained in the relevant

  Annies arts and crafts store is interested in acquiring the

ideas inc. uses the perpetual inventory method. last month archer supply returned 1000 frames to ideas that were

  Problem regarding the particular financial statement

Describe how the financial statements (the income statement, statement of retained earnings, balance sheet and statement of cash flows) are interrelated.Provide at least two examples. If you were an investor, would you place more emphasis on any o..

  What amount of cash will the creditors receive

Explain the primary differences between investors and creditors.

  Handy-man services is a repair-service company specializing

handy-man services is a repair-service company specializing in small household jobs. each client pays a fixed monthly

  Concepts learned to real-world financial reporting scenario

In this course you will have the opportunity to apply the concepts learned to a real-world financial reporting scenario as part of your Term Project. For this project you will be creating a report about an assigned company. You will research the c..

  Shannon inc has been manufacturing its own shades for

shannon inc has been manufacturing its own shades for itstable lamps. the company is currently operating at 100

  A credit balance exists in the accounts receivable 60-90

presented below is information related to the accounts receivable accounts of gulistan inc. during the current year

  Impairment of intengible assets

A toffee company discovers that its competitor is producing and selling what appears to be its patented toffee-coated popcorn for a cheaper price.

  The topic for your research is based on current literature

the topic for your research is based on current literature and you are to identify the basic provisions of the

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