What is the confidence interval if deposits on daily basis

Assignment Help Basic Statistics
Reference no: EM13144704

Century National Bank states that the monthly deposit mean is $50,000, the standard deviation is $4,000. The I.R.S. did an audit and found that the deposits usually come in at $1,000 on a daily basis. What is the confidence interval.

Reference no: EM13144704

Questions Cloud

Determining inventoriable cost per unit : Variable selling and administrative expenses are $1 per unit, and fixed selling and administrative costs are $3,000 in total. According to generally accepted accounting principles, inventoriable cost per unit of Big would be:
Compensate for a weakness in internal control : An auditor may compensate for a weakness in internal control by increasing the:
Determine population of interest : The resident would be interested in joining this recreation center if it were built. Of these 35 indicated they would be interested in joining the recreation center. The population of interest is?
Units started for production : If beginning work in process is 2,000 units, ending work in process is 1,000 units, and the units accounted for equals 5,000 units, what must units started into production be?
What is the confidence interval if deposits on daily basis : The I.R.S. did an audit and found that the deposits usually come in at $1,000 on a daily basis. What is the confidence interval.
What volume would the dry gas occupy : A sample of Oxygen is collected in a 206 mL container over water at 15C, and the barometer reads 793 torr. What volume would the dry gas occupy at 704 torr and 15C? Water's partial pressure at 15C is 12.8 torr. Answer in units of mL.
Overhead account as a consequence of the raw materials : The credits to the Manufacturing Overhead account as a consequence of the raw materials transactions in April total:
What mass of water can be heated : Suppose that coal of density 1.5 g/cm3 is pure carbon. (It is, in fact, much more complicated, but this is a reasonable first approximation.)
Investigating sampling distribution of the mean : Ssample by constructing a histogram and finding the sample mean and standard deviation, are we investigating the sampling distribution of the mean? why or why not?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Degrees of freedom and an approximate p-value

For each of the F statistics given above find the degrees of freedom and an approximate P-value. Summarize the results of these tests.

  Concepts and properties of hypothesis testing

What is a hypothesis? Specifically, is it a statement about the population or the sample? What is the purpose of hypothesis testing?

  What minimum score student need to score in top the test

If the scores are approximately normal with mean 544 and standard deviation 103, what minimum score would a student need in order to score in the top 10% of those taking the test?

  Introduction to hypothesis testing

State the claim mathematically. Then write the null and alternative hypothesis. Determine whether the hypothesis test is left-tailed, right-tailed, or two-tailed.

  Stress of final exams elevates the blood pressure

A researcher wants to see whether the stress of final exams elevates the blood pressure of freshman women. When they are not under any unusual stress, healthy 18 year olds have a systolic blood pressure that averages mean of 120 mm Hg with a stand..

  Estimate mean weight loss to within two pounds

The standard deviation of the population weight losses is about 10 pounds. How large a sample should he take to estimate the mean weight loss to within 2 pounds, with 95% confidence?

  Probability of the events related to environment

The rest have no opinion. " Suppose that a a sample of 100 American adults is quizzed on the subject. What is the probability of the following events?

  What is the likelihood at least one of selected flights

Assume the likelihood that any flight on Northwest Airlines arrives within 15 minutes of the scheduled time is 0.90. We choose four flights from yesterday for study.

  Claim with traditional method-hypotheses test

Use the traditional method to test the given hypothesis. Assume that the population is the normally distributed and that the sample has been randomly selected.

  Identify type of error based on rejection of null hypothesis

In the real world, given null hypothesis is false; but the collected data lead to the null hypothesis being accepted.  That is, the data lead to a failure to reject null hypothesis.

  Conclude treatment using two-tailed test with critical value

If the sample standard deviation is s=10, are the data sufficient to conclude that the treatment has a significant effect using a two-tailed test with a critical value of .05?

  Standard deviation in gambling scenario

One table has a standard deviation of $50 while the other has a standard deviation of $150. What conclusion can be drawn from the data?

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