Solution-Calculation for estimating the population

Calculation for estimating the population dispersion

Assignment Help Basic Statistics

Reference no: EM131235961

A local restaurant is planning a study on demand for meals over holiday weekends. In calculating the desired sample size for the study, the restaurant's researcher decides to use a rule-of-thumb calculation for estimating the population dispersion. If the range of meals in the study is 0 to 30, what standard deviation does the rule-of-thumb method produce? Show the calculation; otherwise, the answer will not be accepted

Reference no: EM131235961

Questions Cloud

Good marketing is good marketing : Some service marketers vehemently maintain that service marketing is fundamentally different from product marketing and that different skills are involved. Some traditional product marketers disagree saying “good marketing is good marketing”. 'Produc..

Provide explanation of how issues associated with your topic : You will perform in-depth research and provide an explanation of how issues associated with your selected topic relates to the consumption of digital media.

Identify and analyze the major driving forces : Identify and analyze the major driving forces for change in the external environment of the motorcycle industry. Analyze the dynamics of competition using Porter's Five Forces Model of Competition. Correctly assess the dynamics of competition

Growth of consumer information organizations : The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of customer satisfaction. Thus it is no longer useful to talk about profit maximization as a company objectiv..

Calculation for estimating the population dispersion : A local restaurant is planning a study on demand for meals over holiday weekends. In calculating the desired sample size for the study, the restaurant's researcher decides to use a rule-of-thumb calculation for estimating the population di..

Food and other goods and has utility function : Suzette purchases food (F) and other goods (Y) and has a utility function U=FY. Assume that her income is I, the price of food is Pf and the price of other goods is Py. Assume that her income is $12 and the prices are Pf= $2 and Py = $1. How much foo..

Benefits of separating functional flow from data flow : What special kinds of problems are presented when specifying the requirements of realtime systems?

Theoretical perspectives in sociology : Define and explain the three ways to view the world sociologically and identify which sociological perspective (structural functionalism, conflict theory, symbolic interactionism) most closely represents your view of the world.

Buses running a bus line near desdemona house : Buses running a bus line near Desdemona's house run every 15 minutes. Without paying attention to the schedule she walks to the nearest stop to take the bus to town. Find the probability that she waits more than 10 minutes

User Account

All Pages

Calculation for estimating the population dispersion

Reference no: EM131235961

Reference no: EM131235961

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