How many business majors required to evaluate mean salary

Assignment Help Basic Statistics
Reference no: EM13108526

Assume that we would like to evaluate within $10 mean salary of all graduates who were business majors in college. How many business majors would be required to evaluate mean salary to within 10 with 95% confidence if population standard deviation is %200.

Reference no: EM13108526

Questions Cloud

Computing the critical region : The population (in millions) and the violent crime rate (per 1000) were recorded for 10 metropolitan areas. The data are shown in the following table.
Explain the key components - health care information systems : Explain each part of the key components and explain each part of contributing factors.
Determine the coordinate of potential sites for hospital : Suppose a new hospital is to be built to provide emergenct medical healthcare service to 5 town w coordinates (5,6), (1,3), 13,7), (11,2), (18,1) on a map.
How economics is used as a social science : Explain how economics is used as a social science and as a policy tool and write a two-page essay in which you address the issues.
How many business majors required to evaluate mean salary : How many business majors would be required to evaluate mean salary to within 10 with 95% confidence if population standard deviation is %200.
Determine the annual ordering and annual carrying costs : A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight.
How data point significant difference between two treatments : Second treatment had M = 52 with s^2 = 36. Do these data point to significant difference between two treatments? Use the two-tailed test with α = .05.
Externalities of education : Use technology and information resources to research economic problems and issues and write clearly and concisely about economic problems and issues using proper writing mechanics.
Decision tree to make best decision : Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Confidence interval for population mean of random sample

A random sample of 121 automobiles traveling on an interstate showed an average speed of 65 mph. From past information, it is known that the standard deviation of the population is 22 mph.

  Ages of circulating pennies having mean

The ages of circulating pennies are right skewed. Most circulating pennies were minted relatively recently, and extremely old pennies are rare. Assume the ages of circulating pennies have a mean of 12.2 years and a standard deviation of 9.9 years.

  Screening test for a rare disease

A pharmaceutical company has developed a screening test for a rare disease that afflicted 2% of the population. Unfortunately, the reliability of this test is only 80%, which means that 20% of the tested will get a false positive.

  What percent of freshmen eventually graduate

IS there any evidence that a freshman's chances to graduate may depend upon what kind of high school the student attended? Describe.

  Find the height of the density curve

A random variable has the density curve as in the graph below. Find  The height of the density curve?

  Graphical method to solveout the linear programming problem

Graphical method to solveout the linear programming problem. Describe where the following TEO constraints intersect.

  Assembly times and dental expenses

Find out the z values for 29 and 34 hours. What percent of the garages take between 32 hours and 34 hours to erect? What percent of the garages take between 29 hours and 34 hours to erect?

  Hypothesis testing-population mean

Is there evidence that the population mean is above $300, if X (bar) = $305.11 and s = $43.20?

  Random and volunteer samples

Some television stations attempt to gauge public opinions by posing a question on the air and asking viewers to call to give their opinions.

  Illegal drug to enhance the performance

It is estimated that 2% of the athletes competing in a large tournament are users of an illegal drug to enhance performance. The test for this drug is 95% accurate. What is the probability that an athlete who tests positive is actually a user?

  Chi-square test for goodness of fit

Chi-square test for goodness of fit -  difference in the use of the four entrances?

  Statistics research methodology

Choose a business problem that is based upon an experience from your place of work or home environment. Briefly describe the business problem and the research methodology that you would employ to gather data and test your hypothesis

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