Assuming the population standard deviation are equal

Assignment Help Other Subject
Reference no: EM13337935

A sample of 40 investment customers serviced by an account manager are found to have had an average of $23,000 in transaction during the past year, with a standard deviation of $8,500. A sample of 30 customers serviced by another account manager averaged $28,000 in transaction,with a standard deviation of $11,000. Assuming the population standard deviation are equal,use the 0.05 level of significance in testing whether the population means could be equal for customers serviced by the two account managers. Using the appropriate statistical table, what is the most accurate statement we can make about the p-value for this test ? Construct and interpret the 95% confidence interval for the difference between the population means.

Reference no: EM13337935

Previous Q& A

  Assuming normal populations with equal standard deviations

An educator is considering two different videotapes foruse in a half-day session designed to introduce students to thebasics of economics. Students have been randomly assigned to twogroups,and they all take the same written examination after viewingt..

  Should we reject the directors claim

The director of admissions at a large university says that 15% of high school juniors to whom she sends university literature eventually apply for admission. In a sample of 300 persons to whom materials were sent,30 students applied for admission. In..

  Preliminary study the population standard deviation

A consumer agency has retained an independent testing firm to examine a television manufacturer's claim that its 25-inch console model consumes just 110 watts of electricity.

  Favor of the airlines e-mail idea

An  airline has surveyed a simple random sample of air travelers to find out whether they would be interested in paying a higher fare in order to have access to email during the flight.

  Confidence and the estimated standard deviation

The Arkansas State Police wish to estimate the average mph being traveled on the Interstate Highways,which cross the state.If the estimate is to be within 8 mpg of the true mean with 98% confidence and the estimated standard deviation is 22 mph,how l..

  Confidence interval for the population mean would equal

A random sample of size 15 taken from a normally distributed population revealed a sample mean of 75 and a sample variance of 25. The upper limit of a 95% confidence interval for the population mean would equal?

  Determine a confidence interval estimate

Your statistics instructor wants you to determine a confidence interval estimate for the mean test score for the next exam. In the past, the test scores have been normally distributed with a mean of 74.2 and  a standard deviation of 30.9. A 95% confi..

  Different from their counter-parts across the nation

The International Coffee Association has reported the mean daily coffee consumption for U.S. residents as 1.65 cups.Assume that a sample of 38 people from a North Carolina city consumed a mean of 1.84 cups of coffee per a day, with a standard deviati..

  Determineand interpret the p-value for the test

For a sample of 12 items from a normallydistributed population for which the standard deviation is σ =17.0, the sample mean is 230.8. At the 0.05 level of significance,test Hο : μ ≤ 220versus H 1 : µ > 220. Determineand interpret the p-value for the ..

  Job hunting during the month preceding the survey

Based on its 1999 survey,Student Monitor reports that 20% of U.S. college students used the internet for job hunting during the month preceding the survey. Assuming this finding to be based on a simple random sample of 1600 college students, construc..

Reviews

Write a Review

 

Similar Q& A

  Public''s expectation for good public policy

What other factors might explain why ex-lawmakers become lobbyists? Is the cost of denying a lawmaker the freedom to choose a lobbying career outweighed by the public's expectation for good public policy?

  Several strategies to ensure consistent delivery

There are several strategies to ensure a consistent delivery of services for a police department. How can succession planning assist a police department to ensure the delivery of services will be consistent from one administration to another?

  Identifying hazards associated with this particular task

As background research to identifying hazards associated with this particular task, access and review relevant external information to source information on hazards that may be associated with the task.

  managing these health problems

Summarize the multifactorial model and how it relates to the diagnosis of illnesses.  Explain what role psychology has played in understanding and managing these health problems.

  Franklin pierce failed to

Franklin Pierce failed to

  What is the probability-rh- and have elliptocytosis

What is the probability that the first child of Tom and Terri will be Rh- and have elliptocytosis? What is the probability that a child of Tom and Terri who is Rh+ will have elliptocytosis?

  Psychological egoism

Psychological egoism claims that whatever we do, we do out of self-interest. Provide an example of an act you think isn't done out of self-interest.

  Reconstruction-segregation and reparations for example

What events in the history of slavery in America have had a notable impact on the current state of U.S. society and culture? Think of Reconstruction, segregation, and reparations, for example.

  Law issues like legislation-anti-trust and contract issues

Write a paragraph on 3 business/law issues like legislation, anti-trust issues and contract issues. Show that you have a basic understanding of the facts of the case. Demonstrate in your answers that you clearly understand the fact and the dispute, a..

  Own organic material from inorganic materials

Those organisms that produce their own organic material from inorganic materials as an energy source are referred to as:

  Framingham heart study

The Physicians' Health Study was what kind of study: An epidemiologist investigating an outbreak of encephalitis in New York City reports that there have been 17 new cases this week. Which of the following terms best describes the number he reports? ..

  Information about the students rights

Discuss the outcome if the Provost denies the petition. Would the student have substantial grounds for suing the school?

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