Confidence interval for average number of credit cards

Assignment Help Basic Statistics
Reference no: EM131090176

The number of credit cards carried by students can be modelled using the Poisson distribution. A sample of students generated the following data credits cards X 0 1 2 3 4 5 6 students with X credit cards 42 244 358 96 32 8 2 Find the sample size n, and hence the sample mean ¯X . Use this information to calculate a 95% confidence interval for the average number of credit cards carried by students.

Reference no: EM131090176

Questions Cloud

What is the total cost of producing x shirts : Write an equation that can be used to determine the total expenses encountered by kara custom tees - what is the total cost of producing x shirts
Current event mini speech : The Current Event Mini Speech is a 1-2 minutes speech in which you will summarize a current event. Select a news story from any local or national newspaper, online news source, or news magazine which is of particular interest to you.
Show all the software for the computer : This computer is dedicated to this task, so you must show all the software for the computer. The program never quits, repeats the loop over and over. Use gadfly or interrupt synchronization, whichever is most appropriate.
How would you use the scientific method in examining : Which research methodology would you use to examine your research problem? Why? How is this research methodology different from the other methodologies in psychology?
Confidence interval for average number of credit cards : Find the sample size n, and hence the sample mean ¯X . Use this information to calculate a 95% confidence interval for the average number of credit cards carried by students.
Summarise the statistical evidence : Stating the assumptions on which your arguments and conclusions are based, summarise the statistical evidence regarding the effectiveness of this diet.
A communication skill or an interpersonal relationship : Choose a communication skill or an interpersonal relationship that you want to improve. Describe how and why the skill or relationship needs improving. Give examples of when you utilize the skill and when you don't.
Underlying population and testing procedure : Suppose that n = 9, ¯X = 85 and the sample standard deviation is s = 2. Test H0: μ = 83 against H1 : μ ≠ 83, stating any assumptions made about the underlying population, and the testing procedure.
Calculate the corresponding p-value : Evaluate a test statistic for the null hypothesis H0: μ = 30 against the two-sided alternative hypothesis H1: μ _= 30, and by plotting this on its reference distribution, identify and calculate the corresponding p-value associated with H0. What ar..

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