User Account

All Pages

Confidence interval for the average overrun this process

Assignment Help Mathematics
Reference no: EM131093141

Confidence interval

The data table below provides cost overruns (actual costs minus estimated costs) in thousands of dollars on similar-size engineering projects completed this year. Calculate the following:

a.    A 95 percent confidence interval for the average overrun this process would deliver over a long time period, assuming it is stable.

a.     A 99 percent confidence interval for the same average.

Explain why this is a different width than the 95 percent interval.

  -16

-480

-222

-404

  -77

  -76

-397

 221

-427

 113

  93

-268

-791

 107

-230

-165

-272

  287

-118

 133

-285

    9

 276

-344

-651

  36

-394

 383

-298

 161

Reference no: EM131093141

Questions Cloud

Compare and contrast the work of an italian renaissance : First briefly explain what primarily distinguishes Renaissance art in general from the prior Medieval period. Then, trace the evolution and development of art through the periods of the Early Renaissance to the High Renaissance.
What is the value of be in the graph : Now consider the graph below. If the average vehicle gets 25 miles per gallon, then according to the data reported in the article, what is the value of BE in the graph below
What is marginal cost when you are using four workers : Assume capital (equipment) is fixed, and labor is the only variable input. Assume the wage is $200 per worker per day, you are employing 4 workers and AP with 4 workers is 80, and AP when you only had 3 workers was 90. What is the marginal cost when ..
When the price faced by firm in competitive market : When the price faced by a firm in a competitive market was $5, the firm produced nothing in the short run. However, when the price rose to $10, the firm produced 100 tons of output. From this we can infer that
Confidence interval for the average overrun this process : The data table below provides cost overruns (actual costs minus estimated costs) in thousands of dollars on similar-size engineering projects completed this year. Calculate the following:
Describe the benefits and risks of using these five methods : Describe the benefits and risks of using these five methods.
Assume that national restaurant firm : Assume that a national restaurant firm called BBQ builds 15 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $300,000 of equipment and furnishings. To help partially defray the cost of this expansi..
Write paper that outlines the element of the current program : Search for proposal(s) by your state governor to deal with a health care access problem and write a paper of 1,250-1,500 words that outlines the elements of the current program and the governor's proposals for improved access.
Workshop dealing with landlord-tenant issues : When and Where is the next Riverside County Superior Court workshop dealing with Landlord-Tenant issues? What are the costs for these workshops? Besides going to court, are there other avenues for Landlords and Tenants to work out their issues? If so..

Reviews

Write a Review

Mathematics Questions & Answers

  Find the volume of the resulting solid

Find the volume of the resulting solid when the region bounded by y=3x^2+5x, y=0, and x=4 is revolved about the x-axis

  Find the dimensions of the rectangle

The length of a rectangle is 5m more than twice its width, and the area of the rectangle is 42m^2 . Find the dimensions of the rectangle.

  At last it was decided that they would produce banner for

four organizations sponsored a marathon. the symbols for these organizations were to be arranged on a banners placed

  State certain species of plant are normally distributed

The heights of a certain species of plant are normally distributed, with mean 23 cm and standard deviation 1 cm. What is the probability tha a plant chosen at random

  How large a radio telescope would we need to detect signal

Suppose instead that the signal is being broadcast from the other side of the Milky Way Galaxy, about 70000 light-years away. How large a radio telescope would we need to detect this signal?

  What step should one take to avoid lengthy computations

What step should one take to avoid lengthy computations of binomial probabilities? When is this option not available?

  What is the cost to remove 10% of the pollutant

what is the cost to remove 10% of the pollutant?

  What is the sum of twelve and twelve

What is the sum of twelve and twelve? Or in other words what is twelve plus twelve? Or if you had twelve sheep and someone then gave you twelve more sheep how many sheep would you know have?

  Find a real-world application of a linear equation

Find a real-world application of a linear equation and discuss the meaning of the equation. Then explain how the values of the slope affect the overall meaning of the equation.

  How chocolate candies uses machines to package candies

A manufacturer of chocolate candies uses machines to package candies as they move along a filling line. Although the packages are labeled as 8 ounces, the company wants the packages to contain 8.17 ounces so that virtually none of the packages con..

  Explain teresa runs once around the outside lane

If Teresa runs once around the outside lane, and Martina runs once around the inside lane, how much further does Teresa run than Martina?

  Find the number of hits for each player

two minor league baseball players got a total of 298 hits. Washington had 16 more hits than sanchez. find the number of hits for each player.

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