User Account

All Pages

Confidence interval for the average number

Assignment Help Finance Basics
Reference no: EM131042225

A manufacturing company wishes to estimate the number of items that its workforce can produce on average each hour now that they have a new machine. The factory examined the records for a random sample of 8 hours over the past month. The hourly production rates for these 8 hours were:

142 175 162 158 190 154 160 185

a) Calculate by hand and interpret the 99 percent confidence interval for the average number of items produced per hour.

b) What assumption did you make in order to answer part (a)?

Reference no: EM131042225

Questions Cloud

Extremely unhappy with the terms of the promotion : Shareholders are extremely unhappy with the terms of the promotion and suggest that the time limit should be such that at most only 2.5% of take away coffees are given for free under the promotion.
How you may present information for the viewer : Consider how you may present information for the viewer to gain a more formal understanding of the theme and the argument presented in the research paper (much like the signage in the museum or the audio tours provided).
A brief description of two potential positive : A brief description of two potential positive and two potential negative feelings that both you, as the social worker, and the client might feel, regarding the termination of a therapeutic relationship. Then, explain a skill you might use to assis..
Problem regarding the customer satisfaction : An insurance company wants to estimate the proportion of people unsatisfied with their new telephone help service. A survey of 200 callers revealed 45 were unsatisfied with the service. Construct by hand a 95% confidence interval for the proportio..
Confidence interval for the average number : a) Calculate by hand and interpret the 99 percent confidence interval for the average number of items produced per hour. b) What assumption did you make in order to answer part (a)?
Use case diagram for your game : INFT1001 - Assignment. You have to construct a game that is suitable for young people in the age range of 8 to 15 to be used in school class rooms to teach some aspects of water safety. A use case diagram for your game. A class diagram for the syst..
Support or lack of support : 01:  The p-value is a probability that measures the support or lack of support for the
Modify the make-account procedure of exercise : Modify the make-account procedure of exercise 3.3 by adding another local state variable so that, if an account is accessed more than seven consecutive times with an incorrect password, it invokes the procedure call-the-cops.
What resource commands the greatest total cost : During which month of the project are the highest and lowest costs expected to occur? What are these costs?

Reviews

Write a Review

Finance Basics Questions & Answers

  This assignment requires you to structure the analysis

program skills and application instructionsthis assignment requires you to structure the analysis collect relevant data

  Influencing the price level

The thrifts had their origins in the early 1800s except for the credit unions which began in the early 1900s. All of them were established to provide a place where small savers could place their savings

  Calculate the cash inflows from the sale of the old machine

Calculate the incremental depreciation on the new versus the old machine. d) Determine the net present value of the new machine. Should they purchase the new machine?

  What is the value of a share of preferred stock

What is the value of a share of preferred stock that pays a $4.50 dividend, assume k is 10%.

  Discuss how a company can use intercompany transactions to

discuss how a company can use intercompany transactions to manipulate corporate earnings. using any company evaluate

  Find ethical issues involved in situation

Wayne Terrago, controller for Robbin Industries, was reviewing production cost reports for the year. One amount in these reports continued to bother him-advertising.

  Hargrave ltd has just paid a dividend of 200 per share on

hargrave limited is selling a new bond to raise money for their factory in indonesia. the bond has a face value of

  Determining present value of annuity

What is the present value of a 3-year annuity of $170 if discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  Which areas require further analysis and investigation

Which areas require further analysis and investigation?

  Explain what is the firm optimal capital budget

Project A has average risk, B has below-average risk, C has above-average risk, and D has average risk. What is the firm's optimal capital budget when differential risk is considered?

  Compare the prices of sleeping and napping bonds

Compare the prices of sleeping and napping bonds at the initial interest rate of 7.55%.why are they same

  Calculate the discounted payback of both projects

Consider the cash flows for the two capital budgeting projects given below. the cost of capital is 10%.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd