University officials want to be 95 confident that the

Assignment Help Operation Management
Reference no: EM13392327

A plan Is set before all state universities to require classmates to meet either three or four days a week in order to make better use of classroom facilities, because currently classrooms sit empty Friday afternoons and evenings and on Saturdays. However some schools that have a large percentage of commuter schools are concerned that this proposal will put a hardship on their computer students because it will require more driving to/from the campus. University officials want to estimate the average number of miles driven, one way, to campus by its commuter students. It is estimated that some students drive as little as 0 mile to campus while at least one student reported driving one way as far as 60 miles. University officials want to be 95% confident that the sample mean is no more than -+ 2 miles from the real average number of miles driven in the population.

a. What is the required sample size?

b. After the study is conducted we learn that the standard deviation in the sample data, which is now our best estimate of s, is actually 12.3. What impact does this new measure of variation have on the mean number of miles driven that we also derived from our sample?

Reference no: EM13392327

Questions Cloud

Write a 350- to 500-word paper in which you differentiate : write a 350- to 500-word paper in which you differentiate between valuation depreciation amortization and depletion. is
Create scatter diagram for the data with salary as : wageweb conducts surveys of salary data and presents summaries on its website. based on salary data as of october 1
Explain why do organizational structures differ illustrate : expand on the following pointswhy do organizational structures differ? what is the difference between a mechanistic
Write down a 350- to 500-word summary describing the : write a 350- to 500-word summary explaining the differences between revenue expenditures and capital expenditures
University officials want to be 95 confident that the : a plan is set before all state universities to require classmates to meet either three or four days a week in order to
Partial credit for correct methodology but incorrect plot : cleanauto inc. has four workers julie ian devon and thomas. cleanauto inc. provides two services interior vacuuming
Although sloan company had good earnings reports in 20x5 : although sloan company had good earnings reports in 20x5 and 20x6 it had a negative retained earnings balance on
Identify and describe at least two 2 specific actions you : imagine that you are the leader of a team of retail associates at a sports equipment store.identify and describe at
Include a cover page containing the title of the assignment : you created a fictional start-up company entering a foreign non u.s. market with a good or service. here you will

Reviews

Write a Review

Operation Management Questions & Answers

  Choose a nationally recognized franchise

Choose a nationally recognized franchise

  Plot the monthly sales data on a sheet of graph paper

With the data given,which method would allow you to forecast next March's sales?

  Estimate present value of the bonds

Find the value of a bond maturing in 6yrs. with a $1,000 par value and a coupon interest rate of 12% (6% paid semiannually) if the required return on similar risk bonds is 13% annual interest.

  Construct a time series plot

Hudson Marine has been an authorized dealer for C&D marine radios for the past seven years. The number of radios sold each quarter is shown in the Excel template. Hudson Marine would like to forecast the quarterly sales for year.

  Discuss the benefits incubators bring to the small business

Discuss the benefits incubators bring to the small business community.

  The department of management must have their courses

During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor.

  Find the stock worth today

A security analyst is forecasting dividends for Boston Electric over the next four years, as follows: $1 (Y1), $1.50 (Y2); $2.00 (Y3); $2.75 (Y4). In addition, the analyst expects that the stock could be sold for $62.25 four years from now.

  Does the firm need to buy more machines

Forecast demand: 60 79 81 84 84 Demand/capacity ratio c. Does the firm need to buy more machines? If so, how many? When? If not, justify.

  What are the pros and cons of an airline implementing

What are the pros and cons of an airline implementing a policy that heavier customers need to buy a second seat? Research an airline and provide their policy on heavier customers and seats. Do you agree or disagree with this policy?

  What do you think are the cost factors to consider when

what do you think are the cost factors to consider when implementing a lean process improvement? what types of products

  Recognize at least 3 strategies an organization can use to

employees are all unique. this uniqueness makes them valuable because in that individual approach to work each employee

  Calculate the seasonalized forecast

A small family-owned restaurant uses a seven-day moving average model to determine manpower requirements. These forecasts need to be seasonalized because each day of the week has its own demand pattern.

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