Constructing confidence intervals

Assignment Help Business Management
Reference no: EM131585711

Constructing Confidence Intervals

  • In the discussion for week 4, you rolled a pair of dice 10 times and calculated the average sum of your rolls. 
  • Then you did the same thing with 20 rolls. 
  • Use your results from the week 4 discussion for the average of 10 rolls and for the average of 20 rolls to construct a confidence interval for the true mean of the sum of a pair of dice (assume σ = 2.41).
  • What do you notice about the length of the interval for the mean of 10 rolls versus the mean of 20 rolls? Did you expect this? Why or why not?

Reference no: EM131585711

Questions Cloud

Roles and responsibilities of the executive branch : Describe the roles and responsibilities of the Executive Branch, Congress, and defense industry in Defense Acquisition, and where defense acquisition authority
Trying to determine the appropriate cash level : The assistant treasurer of Monroe Tires, Inc., is trying to determine the appropriate cash level.
Basic understanding of marketing : Everyone should have a basic understanding of marketing. It can be used to market products, services, people, companies, charities, and ideas.
Why is the given constraint necessary in theorem : Theorem: If G is simple, planar, and connected and has at least three vertices, then |E(G)| = 3|V(G)| -6.
Constructing confidence intervals : In the discussion for week 4, you rolled a pair of dice 10 times and calculated the average sum of your rolls.
Define the stock splits and stock dividends : Stock Splits and Stock Dividends. Bermuda Triangle Corporation (BTC) currently has 465,000 shares of stock outstanding that sell for 86 per share.
Does class implement the interface : Does class implement the interface - public class Junk implements Nonsense - public booloan giveBoolean
Verify eulers formula for wheel : Draw K3. Count the number of vertices, edges, and faces. How many edges must you remove to obtain a spanning tree? Do so.
Importance of branding and alternative branding strategies : Discuss the importance of branding and alternative branding strategies.

Reviews

Write a Review

Business Management Questions & Answers

  What are different types of buyers and consumers

What are the different types of buyers and consumers and how does the type of buyer or consumer impact marketing strategy?

  Targeting eastern europe and russia

Discuss the pros and cons of packaged goods manufacturers targeting Eastern Europe and Russia.

  Waterfall life cycle model

When is a predictive life cycle such as the waterfall life cycle model most appropriate to use to develop an information system? When is an adaptive software development (ASD) life cycle model most appropriate to use to develop an information system?

  Develop a profile of the firm discussed in your article

Develop a profile of the firm discussed in your article, including stock price graphs, leverage and profitability history, and competitive position. Write an essay which relates the issues in the article to specific topics studied in Corporate fi..

  Explain the relationship between business and society

Explain the relationship between business and society. The company needs to develop a plan to communicate with key stakeholders about the release.

  Law against discrimination based on sexual preference

Firm XYZ is located in West Hollywood. Many gay workers at XYZ are "exuberant" (and often explicit) in discussing their sex lives.

  Conduct an effective disciplinary interviewby ruth mayhew

How can you clearly communicate company expectations and what you need from Diego moving forward - Conduct an Effective Disciplinary Interviewby Ruth Mayhew.

  Concern for diversity management emerged in united states

Of all the reasons given to explain why the concern for diversity management emerged when it did in the United States, which do you think are the most important? Why?

  Show teleological and deontological frameworks

Teleological and Deontological Frameworks - Show and explain in depth the three teleological frameworks and the three deontological frameworks.

  Least path of resistance to the ground

What does an ant-static strap use to make sure you do not become the least path of resistance to the ground?

  Determining the strategies analysis

When organizations' research and development (R&D) departments begin to strategize, they must consider numerous aspects to the process. For instance, Coulter (2013) details that functional strategies may be innovative or imitative. She identifies ..

  Heading of the scale carefully

Drawing from the worldwide standards PMBOK Guide scale, Figure 11-1 (PMI, 2013, p.318), how could risks to scope be rated by "impact" to the project using quantitative % and qualitative risk ratings?  Read the heading of the scale carefully, and fo..

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