Average deviation from perfect accuracy

Assignment Help Basic Statistics
Reference no: EM13975614

1. For a given sample size, the standard error of the sample mean is 10 grams. With other factors unchanged, to what extent must the sample size be increased if the standard error of the sample mean is to be just 5 grams?

2. Employees at a corporate headquarters own an average of 240 shares of the company's common stock, with a standard deviation of 40 shares. For a simple random sample consisting of 5 employees, what assumption would be required if we are to use the stan- dard normal distribution in determining P(}x $ 220)?

3. 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.

a. If the manufacturer's claim is correct (i.e., µ, 5 30 seconds, 5 10 seconds), what is the probability that the average deviation from perfect accuracy would be 34 seconds or more?

b. Based on your answer to part (a), speculate on the possibility that the manufacturer's claim might not be correct.

Reference no: EM13975614

Questions Cloud

What is the sample proportion : What is the sample proportion, p 5 proportion of contacts that resulted in a sale being made? For simple random samples of this size, what is the probability that p # 0.10?
What is the focal length of the lens : The figure shows an object and its image formed by a thin lens. Assume that L=15.0 cm and y=3.25mm. what is the focal length of the lens? what is the height of the image?
Subsequent strategic planning of company goals : Merger and acquisition's ultimate success can be jeopardized if decision makers neglect the integration of activities,
How did great britain''s position in north america change : How did Great Britain's position in North America change relative to the other European powers during the first three-quarters of the eighteenth century?
Average deviation from perfect accuracy : If the manufacturer's claim is correct (i.e., µ, 5 30 seconds, a 5 10 seconds), what is the probability that the average deviation from perfect accuracy would be 34 seconds or more?
Find the rms currents in all three branches of the circuit : Find the fraction of the total average power supplied by the ac generator that is delivered to the load resistor if the frequency is 550 Hz. Find the fraction of the total average power supplied by the ac generator that is delivered to the load re..
Provide support for your response : Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers indicating the most likely impact to profitability. Provide support for your response.
Analyze two primary sources related to your research topic. : For this assignment, you will find and analyze two primary sources related to your research topic. A primary source can be defined as anything created by someone involved in an event,
Determine the powers and roots of complex numbers : Derive a rule to estimate the network resistance when one of the resistors has a much smaller resistance than the other two and derive a rule to estimate the network resistance when two of the resistors have much smaller values.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Physicians at a clinic gave what they thought were drugs to

physicians at a clinic gave what they thought were drugs to 940 patients. although the doctors later learned that the

  Suppose that 88 of college men and 82 of college women

suppose that 88 of college men and 82 of college women were employed last summer. a sample survey interviews

  Let w be a random variable giving the number of heads

let w be a random variable giving the number of heads minus the number of tails in three tosses of a coin. list the

  Find the standard deviation and sampling distribution

How large should n be so that the standard deviation of is no more than 0.01 and sampling distribution

  An order for an automobile can select the base model or add

an order for an automobile can select the base model or add any number of 11 options. the random variable is the number

  Find the value of the liner correlation coefficient

Find the value of the liner correlation coefficient r, and then find the regression equation of  the following table. A company manager wishes to test a union leader's claim that absences occur on the different week days with the same frequencies.

  Studies indicate that the price elasticity of demand for

studies indicate that the price elasticity of demand for potato chips is about 1.0 if a bag of potato chips currently

  A clinical trial tests a method designed to increase

a clinical trial tests a method designed to increase theprobability of conceiving a girl. in the study 516 babies

  How problem set up using classical and p-value approach

Does the evidence suggest that postpartum women do not get enough sleep? Use =0.05 level of significance. How is the problem set up using the classical and P-value approach.

  Point estimate for the mean

a. Identify and interpret a point estimate for the mean of each of the five aforementioned variables. b. Find and interpret a 95% confidence interval for the mean amount stolen.

  A research organization wanted to estimate the average

a research organization wanted to estimate the average number of hours a college student sleeps per night during the

  Conclude-hamburgers of two chains have different calories

Calories in each hamburger measured. Can the reporter conclude, at α = 0.05, that the hamburgers from the two chains have a different number of Calories?

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