Compute confidence interval for population mean audit delay

Assignment Help Basic Statistics
Reference no: EM13112878

Suppose that a random sample of 100 public owner-controlled companies in New Zealand is found to give a mean audit delay of 82.6 days, and assume that σ equals 33 days. Calculate a 95 percent confidence interval for the population mean audit delay for all public owner-controlled companies in New Zealand.

Reference no: EM13112878

Questions Cloud

Determine the velocity of the conveyor belt : A rolled oat's piece has a thickness =1.2 mm. The density= 600 kg/m3, specific heat capacity=2200 J/kgK and thermal conductivity= 0.4 W/mK,The product is to be baked from twenty degree celsius.
Illustrate what are the industry values and norms : Illustrate what are the industry's values and norms? Where do these values and norms come from? Explain how would you characterize the industry's culture? In illustrate what way does its culture fit with its business structure or model?
P-value of radio station in myrtle beach : A radio station in Myrtle Beach announced that at least 90% of the hotels and motels would be full for the Memorial Day weekend. The station advised listeners to make reservations in advance if they planned to be in the resort over the weekend.
Why is it important that iptg is not metabolized : Allolactose is the inducer in the wild-type lac operon, in nature. However, in the experiment IPTG was the inducer. Why is it important that IPTG is not metabolized?
Compute confidence interval for population mean audit delay : Calculate a 95 percent confidence interval for the population mean audit delay for all public owner-controlled companies in New Zealand.
Illustrate what are some of the differences in r and r : illustrate what are some of the differences in "R and R" among Saving Accounts, Treasury Issues, Municipal Bonds, Corporate Bonds, Preferred Stock, common Stock in a corporation, investing in bicycle shop?
What would be the partial diploid genotype : what would be the partial diploid genotype for a strain that would produce B-galactosidase constitutively and permease inducibly?
Determine the mass percent of sulfur dioxide : Nitric oxide has a density = 1.782 g/L at the temperature of 12.64 degree celsius and pressure of 670.7 mm Hg determine the mass percent of Sulfur dioxide?
Illustrate what are four most advantageous form of business : Illustrate what is an entrepreneur and illustrate what are the four most advantageous forms of business entities that he/she would use to establish a business and explain why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Drawing venn and tree diagrams for probability

Suppose we randomly select two students from a mathematics class and asked whether the student selected each time is a member of a math-club or not. Write all the outcomes for this experiment. Draw the Venn and Tree diagrams for this experiment.

  Explanation to confidence interval-sample size

Previous studies have indicated the standard deviation of annual earnings for college students is $850. How large a sample would need to be taken to estimate the mean for college students' annual earnings to within $200 with 99% confidence?

  Develop upper and lower control limits

Develop upper and lower control limits (99.7%) for the proportion of students with complaints.

  Developing project network using aoa

Developing project network using AOA that determines completion times.

  Determining the stock-s beta

Beta and required rate of return stock has required return of 11%; risk-free rate is 7%t; and market risk premium is 4 %. Determine the stock's beta?

  Coefficient of determination

Find the questions based on multiple regression - The coefficient of determination for the above model is approximately

  Distinct random variable

Distinct random variable

  Testing a new drug researchers

In testing a new drug, researchers found that 20% of all patients using it will have a mild side effect. A random sample of 15 patients using the drug is selected. Find the probability that:

  Determining standard z-scores

Is the z value positive or negative? Explain why it should be positive or negative.

  Detemining regression and hypothesis testing

The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project.

  Formulating suitable null and alternative hypothesis

Formulate a suitable null and alternative hypothesis to test the students' claim that they followed their instructor's recommendation at a 5% level of significance and interpret your findings.

  Level of measurement for the variables

For thefts involving more than $1,000, there is an inverse relationship between the value of the goods stolen and the length of the prison sentence given to the thief.

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