Solution-Average family dental expense

Average family dental expense

Assignment Help Basic Statistics

Reference no: EM131996879

The schools in Montreal wants to estimate family dental expenses of its employees. A random sample of 10 employees reveals the dental expenses in canadian dollars for last year.

710 1962 846 685 651 805 773 1025 916 1779 Ex=10,152 Ex^2= 12,262,362

- What is the 90% confidence interval for the average family dental expense for all employees in this company?

- What assumption must be made in the first question?

- If the company would like to reduce the margin of error by 50%, what sample size should it consider taking if it wants to estimate the true mean family dental expenses with 95% confidence?

Reference no: EM131996879

Questions Cloud

Increase use of linkedin and business focus : Suppose you know that the marketer is a B2C marketer. What is the probability that he or she plans to increase use of LinkedIn?

The increasing use of technology in the workplace : With the increasing use of technology in the workplace, determine if workplace security is getting easier or more difficult for organizations to manage.

Scatter plot and correlation coefficient : Would it be a good idea to present the data through a scatter plot (graphical) and correlation coefficient (numerical)? How do I segment the data in the way

Analyze the risk associated with exchange-traded derivatives : Analyze the risk associated with exchange-traded derivatives, such as futures and options, and what brokers might do to minimize the risk to investors.

Average family dental expense : - What is the 90% confidence interval for the average family dental expense for all employees in this company?

What is the role and responsibility of a for-profit : In your initial discussion post, consider this expansion and discuss the following questions: What is the role and responsibility of a for-profit.

Estimate the percentage errors in the adjacent side : 265 Mathematics - Introduction to Calculus Assignment. One side of a right triangle is known to be 25 cm exactly. Estimate percentage errors in adjacent side

Calculate the break-even point in units for each product : Of the total fixed costs of $400,000: $20,000 could be avoided if the Velcro product were dropped, $80,000 if the Metal product were dropped, and $60,000.

What is the maximum amount the bank can lend : BUECO5903 - BUSINESS ECONOMICS - Explain the impact on the overall money supply that this will have in the economy

User Account

All Pages

Average family dental expense

Reference no: EM131996879

Reference no: EM131996879

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT