Login

Create Account
Customer Service Chat
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
Statistics question, Basic Statistics
1. A sample from 16 different farms across Quebec shows that the hay production in bales per acre is normally distributed N(100,50).
a. (2p )What is the probability that a random farm from this sample produces less than 80 bales/acre?
b. (2p) What is the probability that another random sample of nine farms has an average of less than 80 bales/acre?
c. (1p) Is the population mean known?
d. (2p) What can we learn from the central limit theorem in this case?
e. (3p) Calculate a 90 % confidence interval around the population mean.
f. (2p) Interpret: what does your answer in e) mean?
g. (2p) These nine farms were actually a pilot study. What is the minimal sample size needed to compute a 95 % confidence interval around the population mean?
Posted Date: 4/8/2013 8:05:34 PM  Location : Canada
Ask an Expert
Related Discussions:
Statistics question, Assignment Help, Ask Question on Statistics question, Get Answer, Expert's Help, Statistics question Discussions
Write discussion on Statistics question
Your posts are moderated
Write your message here..
Related Questions
SAMPLING mETHOD, A toothpaste company wants to know if its new product incr...
A toothpaste company wants to know if its new product increases the length of time in between dentist visits for its users. The company sets a target of 180 days to determine if it
Financial statement, opened a business each contributing %60,000 cash to th...
opened a business each contributing %60,000 cash to the company and receiving a capital stock for their investment
QNT/561, STAT QUESTION
STAT QUESTION
How will the adoption of ifrs change financial reporting, How will the adop...
How will the adoption of IFRS change financial reporting by companies? Manager 1: The new rules will definitely change the way our organization prepares financial statements.
Project, impact of cost accounting technique in organizational performance
impact of cost accounting technique in organizational performance
Bank reconcillation, how to reconcile bank statement
how to reconcile bank statement
What is the coefficient of determination, The data in the table below are t...
The data in the table below are the results of a random sample of recent home sales in your neighborhood that your boss has asked you to use to estimate the relationship between th
Valuing preferred stock, Gesto, Inc., has an issue of preferred stock outst...
Gesto, Inc., has an issue of preferred stock outstanding that pays a $4.50 dividend every year, in perpetuity. If this issue currently sells for $79.85 per share, what is the requi
What is a purchase allowance, What is a purchase allowance? A buy permi...
What is a purchase allowance? A buy permitting is a reduction in the customer's cost of products that it had purchased. The buy permitting is granted by the provider because of
Inventory, An audit of the accounting records of Loch Ness Ltd. for the ye...
An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was overvalued by $35,000
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Help
IT Services
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work