Probability greater than eight recognize famous brand

Assignment Help Basic Statistics
Reference no: EM13151539

Focus groups of 10 people are randomly selected to discuss products of the Famous Company. It is determined that the mean number(per group) is 4.80000019 and the standard deviation is 0.73. Would it be unusual to randomly select 10 people and find that greater than 8 recognize the Famous Brand?

Reference no: EM13151539

Questions Cloud

Standards of the regulatory bodies : Prepare a 300-750-word paper, in which you examine at least four accounting regulatory bodies, provide organizational description and discuss impact on financial reporting on how an organization complies with the standards of the regulatory bodies..
Find probability of survival of adults to the next time : Probability of survival of eggs to breeding adults at the next time step is 0.4. Probability of survival of adults to the next time step is 0.7. What is average R?
Summary of teh payroll of matrix publishing : According to a summary of teh payroll of Matrix Publishing Co., $380,000 was subject to the 7.5% FICA tax. Also $16,000 was subject to state and federal unemployment taxes.
Hong kong dollar : Hong Kong dollar, and the one-year forward exchange rate is 9 yen per dollar. Determine whether or not there is an arbitrage opportunity and, if possible.
Probability greater than eight recognize famous brand : The standard deviation is 0.73. Would it be unusual to randomly select 10 people and find that greater than 8 recognize the Famous Brand?
What is the definition of being self-employed : What is the definition of being self-employed? What distinguishes a self-employed individual from an employee? Why is this distinction important? Explain.
Double declining balance method problem : On January 2, 2010, the Hanover Company purchased some office equipment for $20,000. The equipment is expected to have a useful life of five years and a salvage value of $2,000. The depreciation to be recorded for the year at the end of 2010, assu..
Describe how the body major organ systems work together : Describe how the body's major organ systems work together to get glucose from the digestive system to the mucsle cells of the leg?
Depreciation schedule showing depreciation expense : A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciat..

Reviews

Write a Review

Basic Statistics Questions & Answers

  The scale used to find out the sex of jockey

illustrate briefly how an experimental study is conducted. What is the difference between the two types of variables used.

  Probability for the mean completion time

What is the probability that the mean completion time is between 1 and 2 hours, i.e.., 60 and 120 minutes?

  Criticizing the managers credit plan

Find the probability that a customer with 2 or more late payments will actually default on his payments and, in light of this probability, criticize the manager's credit plan.

  Creating a flow diagram for entire process

Create a flow diagram for entire process. Include flow paths for students (solid lines) and prescriptions (dashed lines).

  Estimate current mean income

Figure out the necessary sample size to reduce sampling error to plus or minus $500. Do you need to have an estimate of the current mean income to answer this question? why or why not?

  Calculate the profit earned and loss incurred

Calculate the profit earned/loss incurred on; a high performance tire that exceeds 40,000 miles, a high performance tire that does not exceed 40,000 miles.

  Quantify uncertainty of estimate giving standard deviation

Quantify the uncertainty of your estimate by giving the standard deviation of the distribution. Round your response to at least three decimal places.

  Question-hypothesis testing for mean-certain population

A sample of 93 IQ scores was randomly selected from a certain population. At the 0.03 level of significance, test the hypothesis that the population has a mean IQ of 105.

  Distance and midpoint

Solve for the following items: The point on the x-axis that is equidistant (equal distance)from (10,4) and (6,2).

  Regression equation and prediction

CPI and Subway Fare Find the best predicted cost of subway fare when the consumer Price Index (CPI) is 182.5 (in the year 2000).

  Estimate relative risk for reduction in the symptom

Generate a 95% CI for the difference in proprotions of particpants reportinga reduction of symptoms between the experimental and placebo groups.

  Computing p-value for hypothesis test

For a sample of 12 items from a normally distributed population for which the standard deviation is s=17.0, the sample mean is 230.8. At the 0.05 level of significance

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