Determine the minimum sample size required

Assignment Help Business Economics
Reference no: EM132137021

Determine the minimum sample size required when you want to be 95% confident that the sample mean is within one unit of the population mean. Assume a standard deviation of 4.3 in a normally distributed population.

Reference no: EM132137021

Questions Cloud

What is the probability that the combined weight : a. What is the probability that the combined weight of 100 randomly selected cars will exceed the maximum weight? How is this performed in R?
Find the? p-value and critical? value : Assume that the significance level is alpha equals a=0.05. Use the given statement and find the? P-value and critical? value(s).
What proportion of students scored outside : What proportion of students scored outside of the area between scores 66 and 86?
Confidence interval for the temperature : What would be the 95% confidence interval for the temperature of your cup of coffee?
Determine the minimum sample size required : Determine the minimum sample size required when you want to be 95% confident that the sample mean is within one unit of the population mean.
Define the parameter of interest in the context : (i) Define the parameter of interest in the context of the problem (ii) State the alternative hypothesis.
Probability that your roommate mailed the letter : If the letter is never delivered, what is the probability that your roommate mailed the letter?
What are the minimum-first quartile-median : What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot.
Daily time spent communicating on a smartphone : A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes.

Reviews

Write a Review

Business Economics Questions & Answers

  Manufacturer of? mini-doughnut machine makers

Beloit Co. is a manufacturer of? mini-doughnut machine makers. Early in 2015 a customer asked Beloit to quote a price for a? custom-designed doughnut machine to be delivered by the end of 2015. Once? purchased, the customer intends to place the machi..

  What is the enterprise value of xyz corporation

Refer to Narrative 1. What is the enterprise value of the XYZ Corporation?

  The budget constraint is kinked for all of these reasons

In the two-period model, the budget constraint is kinked for all of these reasons, except. For a consumer not bound by the collateral constraint, an increase in the present value of the collateral leads to.

  Some analysts blame the last economic crisis on fed policy

Some analysts blame the last economic crisis on Fed policy. T

  What are the percentage rise in the price of food

What are the percentage rise in the price of food also in the price of clothing. What is the percentage rise in the CPI.

  Owning the market

In the lesson presented by Sal on Oligopolies and Monopolistic Competition he creates a two dimensional grid of the market types based on number of competitors and degree of product differentiation. Make sure you view this lesson. Now apply the lesso..

  Actions create any postive or negative externailty

Discuss whether each of the following actions create any postive or negative externailty??

  Economy in a recessionary or inflationary gap

Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.

  About game theory and nash equilibrium

Show that a mixed strategy that assigns a positive probability to a dominated pure strategy is dominated (by another mixed strategy that assigns zero probability to that dominated pure strategy). This is supply chain economics question about game the..

  Find the nash equilibrium if the game is played once

Consider the following Prisoner’s Dilemma game with utilities (UJohn Wayne, UMontgomery Clift). Table 1: The Prisoner’s Dilemma Game. Find the Nash equilibrium if the game is played once.

  What is the compound amount factor of single payment

What is the compound amount factor of single payment? (Use graphs and equations) If you have $2,000 now and invested it at 10% interest compound annually, how much would it be worth in eight years?

  Young high-income-low income and middle income

Suppose that we can identify the following income classes: young high-income, low income, middle income and older high-income. In your opinion, what will be the relative slopes of the bid rent curves and why?

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