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Let X denote the outstanding balances of customers of a firm. From past experiences X is well aproximated by a normal distribution with mean 45 and variance 100. If an auditor takes a random sample of 36 accounts what is the probability that the mean balance will be less than 45? (Your answer should be correct to one decimal place.)
Time spent using email per session is normally distributed with μ = 8 minutes and σ = 2 minutes. a) What is the probability that the sample mean is between 7.8 and 8.2 minutes?
Standard deviation of 10 minutes. A random sample of 16 cars is selected. What is the probability that the sample mean is between 45 and 52 minutes.
Standard deviation of the population is 9 hours. Give the null and alternative hypotheses. Compute the test and p-value. Use a=0.01 to make your conclusion based on the p-value.
Such things as historical documents, newspaper reports, TV and radio broadcasts, when used in research, represents
Fairfield homes is developing two parcels near Pigeon Fork, Tenn. In order to test different advertising approaches, they use different media to reach potential buyers.
Calculate the standard error of estimate for the regression equation.
A fabric manufacturer wants to know how large an advantage in strength fabrics treated by the Permafresh method have over the fabrics treated by the Hylite process. Give a 90% confidence interval for the difference in mean breaking strengths.
The test statistics in a right tailed test is z= 2.50. Also use a .05 significance level and state the conclusion about the null hypothesis (reject null hypothesis or fail to reject the null hypothsis)
The average public elementary school has 450 students. assume the stand deviation of the distribution is 99. if a random sample of 36 public elementary schools is selected, find the probability that the number of students enrolled is between 445 a..
What does a confidence interval tell us and why is it importance to use a confidence interval?
An independent financial advisor claims an average rate of return, μ, on a particular investment is at least 7%. In testing her claim, the correct pair of hypotheses is:
Estimate with 95% confidence the mean reduction in time it takes for someone who has taken the sleeping pill to fall asleep.
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