Calculate the standard error of the mean

Assignment Help Basic Statistics
Reference no: EM132147977

According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected.

a. Calculate the standard error of the mean.

Reference no: EM132147977

Questions Cloud

Distribution of heights of adult american women : The distribution of heights of adult American women is approximately normal with a mean of 64 inches and standard deviation of 2 inches.
What assumptions need to be made about this? population : A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753.
How does a change in interest rate affect your decision : Apply at least two (2) concepts from the theory that you chose from the text that would help explain the juvenile's behavior.
Find the maximum likelihood estimators : Assuming that all 3n random variables are independent with a common variance, find the maximum likelihood estimators of µ1 and µ2.
Calculate the standard error of the mean : Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a. Calculate the standard error of the mean.
What is the probability that a random sample : a. What is the probability that a random sample of 10 pitches from this pitcher will have a mean less than 15 ?seconds?
Evidence to conclude that the average utility : Using alpha a=0.05?, does this sample provide enough evidence to conclude that the average utility bill in this state was lower in the winter of? 2009-2010
Identify this industrys market structure : ECO100 - Select an industry and describe the goods and/or services this industry produces. Pick an industry from the NAICS list.
Resources that will be used to complete the project plan : Read the Microsoft word document and do the following. A list of resources that will be used to complete the project plan and the initial bibliography

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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