Solution-What is the point estimate for the population mean

What is the point estimate for the population mean

Assignment Help Mathematics

Reference no: EM131874263

A sample of 8 senior citizens indicate the following prescription cost in dollar for Zocor (a drug used to lower the cholesterol):

98 104 126 110 112 115 100 99

a. What is the point estimate for the population mean and standard deviation of the prescription cost of Zocor?

b. Assuming that the distribution of Zocor prescription cost is normally distributed, find the 95% confidence interval estimate for the population mean prescription cost of Zocor?

Reference no: EM131874263

Questions Cloud

Will the estimated profit be twice as much or the same : If the company begins working witha new set of 1000 customer sample to sell the same service, similar to the 500 in the pilot study.

List specific actions and how you would carry them out : Describe how you would put into place a plan that would protect the rights of these individuals.

What would be the effect of each error on income statement : On December 31, 2012, Wolfe-Bache Corporation failed to accrue office supplies expense of $1,950. What would be the effect of each error on the income statement

Examine an aspect of the work or function : examine an aspect of the work or function of any one development or humanitarian organisation /agency. Your critical examination is to take into account

What is the point estimate for the population mean : A sample of 8 senior citizens indicate the following prescription cost in dollar for Zocor (a drug used to lower the cholesterol):

Write a two to three paragraph on given problem : You are on your first business visit to one of the South Asian countries. You feel confident about your ability to speak the language.

Formulate a hypothesis to test the marketing manager : a. Formulate a hypothesis to test the marketing manager's claim. b. Does the sample support manager's claim. Test at 0.05 level of significance.

In what ways did society appear to be moving : In what ways did society appear to be moving toward a more self-helping (rather than other-helping) society in the 1970s and 1980s?

State the null and alternative hypotheses : a. State the null and alternative hypotheses needed to conduct this test?

User Account

All Pages

What is the point estimate for the population mean

Reference no: EM131874263

Reference no: EM131874263

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT