Estimating the difference between the average hourly wages

Assignment Help Basic Statistics
Reference no: EM1316837

In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.

 

Downtown Store

North Mall Store

Sample size

25

20

Sample mean

$9

$8

Sample standard deviation

$2

$1

A 95% interval estimate for the difference between the two population means is:

A. 0.078 to 1.922

B. 1.922 to 2.078

C. 1.09 to 4.078

D. 1.078 to 2.922

Reference no: EM1316837

Questions Cloud

Production and profit decisions of firm : A firm uses a single plan with costs C = 160 + 16Q + .1Q 2  and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.
Researching intrusion detection systems : Utilize the Internet in order to research the intrusion detection systems. Explain the network which could benefit from your solution.
Determining probability that 3 roll are defected : Determine the probability of having more than 3 defects in a roll?
Solve the quadratic equation for m : Solve the quadratic equation for m.
Estimating the difference between the average hourly wages : In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.
Estimating breakeven quantity : In 1971, Congress conducted headings on emergency loan guarantee legislation for Lockheed Corporation, which was in the middle of a severe liquidity crisis due to losses on a number of military contracts.
Benefits and de-merits of using mobile computing technology : Analyze the benefits and de-merits of utilizing the mobile computing technology to monitor the patients. Assess the security concerns with regard to transmission of the personal medical information over the wireless networks.
Profit maximization decisions of firm : An entrepreneur plans to convert a building she owns into a video-game arcade.  Her main decision is how many games to purchase for the arcade.
Determining the probability that three farms are owned : It has been evaluated that 30% of all farms are family-owned.  In sample of 12 farms, determine the probability that exactly 3 farms are family owned?

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Elucidate amount of sales would be required to be a gold

Illustrate what amount of sales would be required to be a super savings club member. Elucidate amount of sales would be required to be a gold club status.

  Find the probability for uniform distribution

A manager of a large department store with three floors reports that the time a customer on the second floor must wait for an elevator has a uniform distribution ranging from 0 to 16 minutes. It takes the elevator 1 minute to go from floor to floo..

  Hypothesis test for analysis of variance

The critical F value with 6 numerator and 60 denominator degrees of freedom at α = .05 is:

  What is the probability that the mean

Sampling distributions. Given a normal distribution with μ = 50 and standard deviation σ = 9, if a sample of n = 100 is selected.

  Population mean confidence-level

How many subjects would you approximately need to reduce the length of the 95% confidence interval to 2 units?

  Find out the optimum solution using the given data

Find out the Optimum solution using the given data. Consider the following linear programming problem. Illustrate what is the optimum solution to this problem?

  Determining probability of generating six digits

Determine probability of generating six digits and getting code consisting of 1, 2, 3, ..., 6 if each digit can be repeated?

  Multiple comparison test-lsd

With this important detail, are there any significant differences with LSD?

  Machine following a normal distribution with mean

The lengths of pins produced by a machine follow a normal distribution with mean 2.54 cm and standard derivation 0.04 cm.

  Compare among expected monetary approach expected utility

Compare among expected monetary approach also expected utility approach. Sketch the brokers utility curve and describe what it says about her risk profile.

  What is confidence interval for the average number of chips

how many chocolate chip cookies will he need to sample to estimate the mean to within 2, what is a 99% confidence interval for the average number of chips per cookie?

  Determining weighted mean grade

Determine her weighted mean grade? What letter grade did she earn? (A, B, C, D or F).

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