How many sets must be tested for the firm to be confident

Assignment Help Basic Statistics
Reference no: EM131405247

A consumer agency has retained an independent testing firm to examine a television manufacturer's claim that its 25-inch console model consumes just 110 watts of electricity. Based on a preliminary study, the population standard deviation has been estimated as 11.2 watts for these sets.

In undertaking a larger study, and using a simple random sample, how many sets must be tested for the firm to be 95% confident that its sample mean does not differ from the actual population mean by more than 3.0 watts?

Reference no: EM131405247

Questions Cloud

Source of competitive advantage : Do ethical practices affect a firm's ability to develop a brand name as a source of competitive advantage? If so, how does this happen? Identify two (2) brands that are a source of competitive advantage in part because of the firm's ethical practic..
International horizontal growth entry strategies : Describe which of the international horizontal growth entry strategies works best for your Strategic Audit firm(FedEx) and explain why. Please provide at least 200 words in your written discussion work.
Write a summary of the case study : Write a summary of the case study that is about one page. Research and describe at least 3 technologies that could be used to support or enhance the business in the case study. Your paper should include at least 3 references from peer-reviewed jou..
Business communication-in person : Business Communication: In Person, In Print, Online, 8th ed. Working in groups of three, identify whether each of the following sentences is active or passive. Then, discuss whether the sentence uses active or passive voice appropriately and why. ..
How many sets must be tested for the firm to be confident : In undertaking a larger study, and using a simple random sample, how many sets must be tested for the firm to be 95% confident that its sample mean does not differ from the actual population mean by more than 3.0 watts?
Compute the expected value for the profit : Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?
How large a simple random sample is required : To have 95% confidence that the sample percentage will be within 3 percentage points of the actual population percentage, how large a simple random sample is required?
Determining the company management style : Evaluate two (2) key changes in the selected company's management style from the company's inception to the current day. Indicate whether or not you believe the company is properly managed. Provide support for your position.
What effect does use of given estimate have on sample size : Do you think the population proportion could really be as high as 0.5? If not, repeat part (a) using an estimated proportion that you think would be more likely to be true. What effect does your use of this estimate have on the sample size?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability-employee has worked at store for over ten years

Standard deviation of 1.8 years, and the distribution is approximately normal. if an employee is picked at random, what is the probability that the employee has worked at the store for over 10 years?

  What is the lower endpoint of a 99 confidence interval for

shortly after september 11th 2001 a researcher wanted to determine if the proportion of females that favored war with

  Comparisons involving proportions and test of independence

Does age make a difference in the amount of savings a worker feels is needed to be secure at retirement? Suppose 210 workers in the 25-33 age category and 176 workers in the 34-52 age category were involved in this study.

  The market price for a certain product is 5 per unit and

the market price for a certain product is 5 per unit and occurs when 14000 units are produced. at at price of 1 no

  Research question for students and women

Create a research question for one of the following groups: students, children or women. Include the independent and dependent variables you would study, an explanation of whether a one or two-tail test is most appropriate

  Calculations of bayes theorem

Experience has shown a company that the cost of delivering a small package within 24 hours is $14.80. The company charges $15.50 for shipment but guarantees to refund the charge if delivery is not made within 24 hours.

  A farmer wishes to determine the optimal level of a new

a farmer wishes to determine the optimal level of a new fertilizer on his soybeancrop. some factors that affect crop

  A tool-crib with one attendant serves a group of 10

a tool-crib with one attendant serves a group of 10 mechanics. mechanics work for an exponentially distributed amount

  Probability that the sample mean

a. What sample size would you recommend if an insurance agency wanted the sample mean to estimate the population mean within $25? b. What is the probability that the sample mean is within $100 of the population mean?

  Probability-sell car to exactly two of next three customers

A new car salesperson knows that he sells cars to one customer out of 20 who enter the showroom. The probability that he will sell a car to exactly two of the next three customers is?

  Fixing null and alternate hypotheses for single proportion

In terms of  p , the researcher should test which of the following null and alternative hypotheses?

  Sampling frame-matching population

In each of the following situations, the sampling frame does not match the population, resulting in undercoverage. Give examples of population members that might have been omitted:

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