Confidence interval for the population mean

Assignment Help Finance Basics
Reference no: EM131435556

A) Consider a population with known variance σ2 = 4. In a simple random sample of sizen = 15 we find ¯x = 3.

(a) Construct a 95% confidence interval for the population mean µ.

(b) Construct a 90% confidence interval for the population mean µ.

(c) Construct a 99% confidence interval for the population mean µ.

(d) Would an 85% confidence interval be wider or narrower than the 90% confidence interval? Answer this question without doing any calculations.

B) We take a simple random sample of size 50 from a population with unknown variance. We find the sample mean is ¯x = 25 and the sample standard deviation is s = 15.

(a) Give the 90% confidence interval for the population mean µ.

(b) Give the 95% confidence interval for the population mean µ.

(c) Give the 99% confidence interval for the population mean µ.

Reference no: EM131435556

Questions Cloud

Write essay applying thinking on margin and power of trade : write essay applying Thinking on the Margin and The power of trade. We strongly encourage you to meet with the TA's ahead of time to discuss your writing assignment and get feedback.
Information that would be pertinent : The hospital has noticed a trend in hospital acquired infection VRE in the ICU. What graph or chart would best be utilized to present to administration the data supporting the patients, the diagnosis, staff, shift, and any other information that w..
Identify different specialty areas in public health : Identify and describe at least three different specialty areas in public health to include the actual roles/careers, responsibilities, and organizations that employ these positions. Explain whether you have any interest in any of these service are..
For the following cash flow calculate the pay-back period : For the following cash flow calculate the pay-back period , discounted pay-back period and Profitability Index with discount rate of 10%. Year Cashflow 0 -1000 1 500 2 400 3 300 4 100
Confidence interval for the population mean : (a) Give the 90% confidence interval for the population mean µ. (b) Give the 95% confidence interval for the population mean µ. (c) Give the 99% confidence interval for the population mean µ.
Concept and theory analysis are powerful tools : Select a nursing concept (be sure to use a nursing theory) and then provide a response to each one of the steps included in a concept analysis regarding your selected concept. This information does not have to be comprehensive but provides a foun..
What is marginal revenue product and how does it work : What is marginal revenue product, and how does it work? Consider why some workers earn higher wages than others, some landowners higher rental income than others, and some capital owners greater profit than others?
Confidence interval from a simple random sample of size : Suppose we have a population with known variance σ2 = 10 and we plan to construct a 95% confidence interval from a simple random sample of size n. What is the minimum value of n that will result in a 95% confidence interval with total width less t..
Discuss the risks and benefits of the applications : Write a Summary. An institution will be implementing smartphone technology to improve patient care delivery. Discuss the types of applications that should be allowed for point of need information for decision-making in practice.Review at least fi..

Reviews

Write a Review

Finance Basics Questions & Answers

  What interest rate are you being charged

You borrow $285,000; the annual loan payments are $38,022.04 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

  Wat is the difference between a diversifiable risk and a

what is the difference between a diversifiable risk and a nondiversifiable risk? should stock portfolio managers try

  A share of common stock just paid a dividend of 100 if the

a share of common stock just paid a dividend of 1.00. if the expected long-run growth rate for this stock is 5.4 and

  What is the value of convertible debenture

What is the value of convertible debenture? Assume that the investors' required rate of return on the debt component and the equity component are 13 percent and 18 percent respectively.

  Current price of the stock and the strike price

The exercise value is the positive difference between the current price of the stock and the strike price. The exercise value is zero if the stock's price is below the strike price.

  Calculating the current yield

Ajax Corporation has a bond with a coupon rate of 12 percent, maturing in 15 years at a value of $1000 per bond. The current market price is $960.

  How should you rebalance your positions today

If the index is equally weighted. You have $1000 in the index yesterday. How should you rebalance your positions today?

  Calculate the effective annual rate

You take out a loan to buy a brand new car. The finance guy at the car dealership tells you the APR is 8%. Calculate the Effective Annual Rate (EAR) if the interest compounds annually, quarterly, monthly AND continuously.

  Calculate enterprise value

Analysts are forecasting that SimpleCorp will report free cash flow in the coming years as follows, In addition, analysts expect SimpleCorp shares to experience no multiple expansion or contraction and therefore to trade throughout the forecast an in..

  Regarding money market instruments

1. Regarding money market instruments, how do U.S. Treasury bills differ from short-term municipal securities?2. What are book-entry securities? Can U.S. Treasury securities be held in book-entry format?

  Calculate effective annual interest rate

Suppose you have worked out a line of credit arrangement that allows you to borrow up to $50 million at any time. The interest rate is .425% each month.

  What is the firm yr 1 incremental after-tax cash flow

Let's say a firm with a 34% marginal tax rate considers an investment that is expected to reduce the cost of labor from $10,000 to $9,000 in Year One. What is the firm's Yr 1 incremental after-tax cash flow from this reduction in labor costs?

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