Estimate average amount of money country spends on road

Assignment Help Basic Statistics
Reference no: EM13110525

Researcher wants to estimate in $300 true average amount of money country spends on road repairs each year. If she wishes to be 90% confident, how large sample is essential? Standard deviation is known to be $900.

Reference no: EM13110525

Questions Cloud

Question regarding testing hypothesis : A new process for producing synthetic diamonds can be operated at a profitable level only if the average weight of the diamonds produced by the process is greater than 0.5 karat.
Briefly discuss the irs position on reasonable compensation : Briefly discuss the IRS s position on reasonable compensation for owner-employees of closely held C-corporations.
Describe the permeability properties of the axon membrane : Describe the permeability properties of the axon membrane when the nerve is at rest and the permeability properties during the production of an action potential.
Hypothesis testing-before and after : The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes, and utility costs (water, heat, electricity).
Estimate average amount of money country spends on road : Researcher wants to estimate in $300 true average amount of money country spends on road repairs each year. If she wishes to be 90% confident, how large sample is essential?
Null hypothesis and one-tailed-two-tailed test : A researcher is looking at the relationship between home-schooling and achievement. She is hypothesizing that the home-schooled children will score higher than non home-schooled children on a standardized achievement test.
One tailed and two tailed alternative : For each of the following hypotheses, decide whether a one-tailed or two-tailed test would be performed: Children with birth defects will score differently than the normal population on a measure of self-esteem.
Figure out how to determine gene order : You find two mutations that cause blue wings (b blue is recessive to b+ normal) and spiny bristles (W wiry is dominant to W+ normal). They are linked to this chromosome (pictured). Based on test cross data, complete the map to include these genes.
Null hypothesis-alternative hypothesis-investigative : For the following investigative scenarios, state the null hypothesis, and the alternative hypothesis. Also identify the Type 1 and Type 2 errors which can result based on the hypotheses that you defined.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Chi-square test problems

A researcher wants to see if there is a relationship between birth order and personality. A sample of n = 100 people is obtained, all of whom grew up in 3-child families.

  Possibility of expanding the warehouse

Douglas Boats is considering the possibility of expanding the warehouse for the WM-4 motors. How much should Douglas Boats expand, and how much would it be worth for the company to make the expansion? Assume demand is constant throughout the year.

  Understanding probability distributions

What shape curve do you get when your data set has the mean, median, and mode all with the same value? Could the value of the sample mean and the value of the population mean ever be the same?

  Using analysis of variance to test differences in mean

Use analysis of variance to test any differences in mean glue strengths.

  Continental-style entrees

The owner of a restaurant serving Continental-style entrees has the business objective of learning more about patterns of patron demand for the Friday to Sunday weekend time period.

  Simple interest and rate of interest

A savings account was opened for a baby on 1985 with a $100 deposit. No withdrawals or deposits occurred since the account was opened. The current balance of the account is $246.47. Measured in dollars of the year in which the account was opened, how..

  Subsiquent data which represents demand for company

Compare 2 moving averages using MSE and compute Exponential smoothing. The subsiquent data which  represents demand for company ABC's products for the last 10 months.

  Business statistics application

Design a 95 percent confidence interval for the proportion of defectives in a large lot, if a sample of 200 showed 12 defectives.

  Analysing family monthly gaoline purchases

The average monthly gasoline purchase for a family with 2 cars is 90 gallons. This statistic has a normal distribution with a standard deviation of 10 gallons. A family is chosen at random.

  Estimate for the population mean amount of paint

Construct a 99% confidence interval estimate for the population mean amount of paint included in a 1-gallon can.

  Demand with four period moving average

Employ a four period moving average and determine the forecasted demand for August. Put your answer in the form xx.x with no additional numbers or symbols.

  Examining frequency distribution

The frequency distribution below shows the distribution for suspended solid concentration (in PPM) in river water of 50 different waters collected in September 2011.

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