Estimate the average attendance of a college? men

Assignment Help Business Economics
Reference no: EM132150034

A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753.

a. Construct a 99?% confidence interval to estimate the average attendance of a college? men's basketball game during the last season.

The 99?% confidence interval to estimate the average attendance of a college? men's basketball game during the last season is from a lower limit of to an upper limit of

b. What assumptions need to be made about this? population?

A.The only assumption needed is that the population size is larger than 30.

B.The only assumption needed is that the population distribution is skewed to one side.

C.The only assumption needed is that the population follows the normal distribution.

D.The only assumption needed is that the population follows the? Student's t-distribution.

Reference no: EM132150034

Questions Cloud

Find out the growth rate of real gdp per capita : Do some internet research and find out the growth rate of real GDP per capita for last year. How does it compare to our historical average of 1.5-1.8%?
What changes are you going to make based on the findings : EDUC 6733: Describe your action steps using SMART goals (For example., goals that are specific, measurable, attainable, realistic, timely, and tangible).
Strategy as response to change in the environment : A firm may change its strategy as a response to a change in the environment. An organization’s weaknesses are derived from its set of resources.
How much profit can the video rental store expect to earn : A video rental store has estimated that the inverse demand equation for video rentals by a typical customer is P = 6.50 - 0.5Q. The marginal cost of each rental
Estimate the average attendance of a college? men : Construct a 99?% confidence interval to estimate the average attendance of a college? men's basketball game during the last season.
The foundation for firm strengths and weaknesses : Strength-threat alternatives are always offensive in nature. The foundation for a firm’s strengths and weaknesses is
What was you economic profit of last year : You've invested $10,000 in a portable bratwurst stand, giving up the 8% rate of return you could have earned had you invested that money elsewhere.
What is the IRR for this project : Your firm is contemplating the purchase of a new $670,000 computer-based order entry system. What is the IRR for this project
The difference between formative and summative evaluation : Discuss and define at least two descriptions of program evaluation. What is the difference between formative and summative evaluation?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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