What is the confidence level for the mean of monthly sales

Assignment Help Basic Statistics
Reference no: EM131438899

Question: The monthly sales of a mobile phone shop have been distributed with a standard deviation of $900. A statistical study of sales in the last nine months has found a confidence interval for the mean of monthly sales with extremes of $5663 and $6839.

a. What were the average sales over the nine month period?

b. What is the confidence level for this interval?

Reference no: EM131438899

Questions Cloud

When i have fears by john keats : Select which poem(s) most interested you this week and in about 200 words each, explain why. Only required to pick one poem, if you want to use more thats entirely up to you and is also acceptable as long as the sum of the explanation does not exc..
Develop new and engaging business models : Efficiently managing globally dispersed cross-expertise teams is an increasing challenge facing international organisations. The rapid emergence of digital cultures and trends requires these companies to develop new and engaging business models in..
What is the confidence level for the mean of monthly sales : The monthly sales of a mobile phone shop have been distributed with a standard deviation of $900. A statistical study of sales in the last nine months has found a confidence interval for the mean of monthly sales with extremes of $5663 and $6839.
Compose a written outline of the article''s main points : Choose one of the preselected journal articles in this week's Learning Resources. Applying the prewriting concepts from this week's readings, critically read the journal article, taking notes or engaging in any other forms of prewriting that you w..
What is the confidence level for the mean of monthly sales : The monthly sales of a mobile phone shop have been distributed with a standard deviation of $900. A statistical study of sales in the last nine months has found a confidence interval for the mean of monthly sales with extremes of $5663 and $6839.
What would be the outcome of thinking differently : Describe the connection between thoughts, feelings and behaviors. Identify one of your own self-defeating or negative thoughts and explain how this thought impacts your feelings and your behaviors. How can you change this thought and what would ..
Determine the price of the bonds on september : On September 30, 2016, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $160 million. The bonds mature on September 30, 2036 (20 years).
What was tennessee''s role in the civil war : Discuss political, social (religious and cultural), and economic factors that occurred, in Tennessee, during the period. Cite any important revenues, landmarks, and customs
How did susan get the clients to self-disclose : Go back and watch the Angry Couple/Emotional Focused Therapy from week 1 again. But, this time, you are going to look more deeply at the session and the specific techniques used by the counselor.Watch the Angry Couple/Emotional Focused Therapy Vide..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Why do researchers use expericorr designs

What is an interaction?- How many interactions can be tested in a 2 x 2 design? In a 3 x 3 design? In a 2 x 2 x 3 design?- Why do researchers use expericorr designs?

  A university with a high water bill is interested in

a university with a high water bill is interested in estimating the mean amount of time that students spend in the

  Hypothesis test-christmas shopping

Before the rush began for Christmas shopping, a department store had noted that the percentage of its customers who use the store's credit card, the percentage of those who use a major credit card, and the percentage of those who pay cash are the ..

  Stipends of teaching assistants

A random sample of stipends of teaching assistants in economics is listed below. Is there sufficient evidence at the alpha=.05 level to conclude that the average stipend different from $15,000? The data is listed below:

  Determining statistics-z score

Assuming a normal distribution, What is the z-score associated with the second quartile? If we wish to have 95% confidence interval, what would be the value of the confidence coefficient?

  Identify the null hypothesis ho and the alternative

identify the null hypothesis ho and the alternative hypothesis h1. a cereal company claims that the mean weight of the

  Association between age and job pressure

At the .01 significance level, is there a relationship between job pressure and age?

  The annual sales of playground equipment follow the normal

question the annual sales of playground equipment follow the normal distribution. however the mean and standard

  Symmetric group of degree

Is there a group homomorphism $:S4 -> A4, with kernel $ = {e, (1 2)(3 4), (1 3)(2 4), (1 4)(2 3)}?

  Estimate the true proportion of home owners

How large a sampl.e is needed to estimate the true proportion of home owners who have vegetable gardens to within 4 percentage points with 95% confidence?

  Independent bernoulli random variables

Hi, the problem is this. Pls choose only one to answer thanks Let X1, X2,..., Xn, be independent Bernoulli random variables with P[Xi = 0] = 1- p, p = 1, 2,...,n. Prove that  is sufficient for p. Let X1 & X2 be Poisson random variables with. Prove th..

  Information about calculating the mean

The 30 members of an orchestra were asked how many instruments each could play. The results are set out in the frequency distribution. Calculate the mean number of instruments played:

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