Find the sample mean and compute confidence interval

Assignment Help Basic Statistics
Reference no: EM13112997

Delivery time by courier services is important to stock brokers. One such firm wishes to estimate the average time taken by couriers delivering negotiable securities in New York City. Specifically, the firm randomly samples 36 courier pickup and delivery times. The collected data, in minutes, represent the time between pickup and delivery. Suppose the population standard deviation is 0.3 minutes and the sample mean is 9.975. Find the sample mean and compute. A 90-percent confidence interval for the true mean delivery time, is?

Reference no: EM13112997

Questions Cloud

Illustrate what is the amount in the account quarter : Chin-Lin Pon has a principal of $900 in her savings account. It earns 6 percent interest compounded quarterly. Illustrate what is the amount in the account at the end of the third quarter?
Determine the observed van''t hoff factor : magnesium sulphate MgSO4 has an observed osmotic pressure =7.6 atm at the temperature of twenty five degree celsius. Determine the observed van't Hoff factor?
How many molecules of carbon dioxide are produced : How many molecules of carbon dioxide are produced when 129 molecules of acetylene (HCCH) to react in excess oxygen produce carbon dioxide and water.
Why is it more important to use fresh cultures : Why is it more important to use fresh cultures in the coagulase test than in a test medium such as milk agar?
Find the sample mean and compute confidence interval : Suppose the population standard deviation is 0.3 minutes and the sample mean is 9.975. Find the sample mean and compute. A 90-percent confidence interval for the true mean delivery time, is?
Conclusions from hypothesis test for two sample proportion : The Wall Street Journal recently ran an article indicating differences in perception of sexual harrassment on the job between men and women.
Explain the structure of the appellate courts in your state : a civil case seeking an injunction (equitable relief). Explain the structure of the appellate courts in your state, naming each level of appeals court, if there is more than one level.
Determine how much fluorine was formed : Determine how much fluorine was formed if A sample of NaF(sodium fluoride) produced 26.5 grams of sodium upon decomposition? express your answer (in grams)
Oxidation numbers of polyatomic ions : Many elements can have more than one charge or oxidation number. In this set of problems, we will assign oxidation numbers to each atom in sulfate, carbonate, bicarbonate, bisulfate, sulfite, nitrate, nitrite, chlorate, and perchlorate.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Question regarding simple linear regression

The president of Crooked Arrow National Bank wants to determine whether more than 60% of the banks loans are made to persons residing in Crooked Arrow.

  Description of relative frequency

A random sample of 346 individuals is selected, and the individuals are classified according to their smoking habits and the smoking habits of their parents. The results are given in the contingency table below.

  Establishing the null and alternative hypothesis

Determine whether the evidence is enough to reject the salesperson's claim. Establish the Null and alternative hypothesis, and choose the right test statistics.

  Accuracy of the forecasts using mad

Compare the two forecasts computed in (a) and (b), using  MAD.  Which one should the dealer use for January of the next year?

  Explaining hypotheses and decision rule

At 5% level of significance, does this sample prove violation of guideline that average patient must pay no more than $250 out-of-pocket? Write your hypotheses and decision rule.

  Estimating the proportion of families

In order to estimate the proportion of families who prefer female baby-sitters to male baby-sitters with an error of at most 8 percentage points and with at least 95 percent confidence, how large a sample should be taken?

  Baseline system containg of a single element

An element E has a constant failure rate λ and a reliability at time t of R(t)=p, if p=0.5 and 0.9, what is the effect on Rs(t), basic reliability, serial Mean Time Between Failure, hs(t), MTBFs if additional elements are added to the baseline sys..

  Evidence to support the society claim

A human society claims that less than 36% of US. households own a dog. In random sample of 397 U. S. households, 151 say they own a dog. At mean=0.03, is there enough evidence to support the society's claim?

  Trucks significantly having lower accident rate

Test the proportions of yellow fire trucks have a significantly lower accident rate.

  Rejection region for a hypothesis test

The owner of a local night club has recently surveyed a random sample of n=250 customers of the club. She would now like to determine whether or not the mean age of her customers is over 30.

  Probability of choosing license plate ends with even number

Determine the probability of choosing at random license plate which ends in the even number?

  Calculating regression equation

Additionally, student should use graphing function to graph data and calculate regression equation.

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