Confidence interval around sample mean

Assignment Help Business Management
Reference no: EM132194715

The dollar value of orders placed through a particular store catalog is found to be normally distributed with a standard deviation of $21.58. A sample of 30 orders averaged $81.25. What is the 90% confidence interval around this sample mean?

Reference no: EM132194715

Questions Cloud

Calculate the consumer surplus : Calculate the consumer surplus, producer surplus, total costs of care and dead weight loss. What are the implications of this model
List the things a government does una command economy : List the things a government does una command economy?
Calculate gdp and real gdp : Calculate GDP and Real GDP from the following information. Consumption=1,000. Private Investment=150.
What is the equilibrium price and quantity : Consider the market demand and supply given by the following: Qd = 50 - P and Qs = 2.5 + 1.5P. Use this information to answer the following questions.
Confidence interval around sample mean : A sample of 30 orders averaged $81.25. What is the 90% confidence interval around this sample mean?
Confidence interval for the population proportion : Which of the following intervals represents a 96 percent confidence interval for the population proportion?
Wants a vehicle navigation system : What is the probability that a person wants a better fuel efficiency given that he wants a vehicle navigation system?
Which workers will be hired and how much will they make : There is a 50% chance that an employee is skilled. Which workers will be hired and how much will they make?
What is the first quartile of the number of citation : What is the first quartile of the number of citation issued per day?

Reviews

Write a Review

Business Management Questions & Answers

  Case - boosting efficiency at matsushita

Analysis a Case - Boosting Efficiency at Matsushita

  Why is it important to ensure generational differences

Why is it important to ensure generational differences are appropriately handled? Share an example of a misunderstanding you witnessed that was due to generational differences.

  Why do investors spend so much time

If a company's value is not driven by its short-term earnings, why do investors spend so much time analyzing a company's annual or even quarterly earnings announcements?

  Whether to give incentive this year to buyers of chevy

GM wants to determine whether to give a $1,000 incentive this year to buyers of Chevy Malibus. Here is relevant information for the base case:

  What is the expected return of portfolio

What is the expected return of your portfolio if Jacob, Bella, and Edward have expected return of 0.05, 0.16, and 0.20, respectfully.

  Purpose of the loop or iteration structure

Briefly explain the purpose of the loop or iteration structure. Then, provide an original example algorithm with the loop or iteration structure.

  Succesful change programs begin with results

Use article supplied to answer three questions Read "Succesful change programs begin with results" (Schaffer and Thomson) and answer the following THREE questions on the Schaffer & Thomson article.\

  Online fashion retailer operating internationally

Moda Perugia is an online fashion retailer operating internationally. In June of 2018 Moda Perugia suffered a cyber attacks compromising the details

  Systems in health organizations

How are Planning and Decision Making linked and used by leaders as systems in health organizations?

  Create two subclasses called square and triangle

Include an abstract method to determine the area of the figure. Create two subclasses called Square and Triangle

  Geopolitics crisis report

Best case scenario: the most ideal or positive scenario of how the climate change crisis would play out for the best in the next 25 years.

  Deregulation focus on to address ethical issues

What areas of concern would you like to see regulation/deregulation focus on to address ethical issues in business at systemic level?

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