What sample size taken to estimate average gas

Assignment Help Basic Statistics
Reference no: EM13123896

What sample size must be taken to estimate the average gas price in houston with 99% confidence and max error of 5 cents? Assume population standard deviation of gas prices is 60 cents.

Reference no: EM13123896

Questions Cloud

Using the appropriate interest table : What is the future value of $9,000 at the end of 5 periods at 8% compounded interest?
Components of regression model : Describe the components of the regression model. What is an example of what X and Y can represent when we use this model in a health concept.
Valuation of inventory : The lower-of-cost-or-market concept is used in the valuation of inventory. Describe this concept. How does this concept affect your company's profitability, or the profitability of a company with which you are familiar?
Determining matlab matrices : Write a Matlab script to do the following. Assign m and n to 3 and 4 respectively, create a m by in matrix with terms a_ij=i*j and call t A and then multiply A by random 4x4 matrix
What sample size taken to estimate average gas : What sample size must be taken to estimate the average gas price in houston with 99% confidence and max error of 5 cents? Assume population standard deviation of gas prices is 60 cents.
What mass of sucrose should be combined : What mass of sucrose should be combined with 464g of water to make a solution with an osmotic pressure of 8.60atm at 280K? (Assume the density of the solution to be equal to the density of the solvent.)
Explain how do stock ownership requirements for affiliated : Explain how do stock ownership requirements for an affiliated group of corporations differ from those for a controller group? A and B Corporations become an affiliated group at the beginning of the current year.
Childhood : I used to think that grown-up people chose  To have stiff backs and wrinkles round their nose, And veins like small fat snakes on either hand, On purpose to be grand.
Gradient of straight line : Find the gradient and the intercept of the following linear equation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Relative frequency distribution

Compute the relative frequencies and percentages for all classes. Draw a histogram and a polygon for the relative frequency distribution.

  Confidence interval estimate of mean number migraine attacks

Construct the 95% confidence interval estimate of the mean number of migraine attacks for those treated with acupuncture.

  Find probability systolic blood pressure is between a range

Standard deviation 13. in a random sample of 32 womrn aged 18-24, find the probability that the average systolic blood pressure is between 110 and 120 mm hg.

  Question on statistics-critical value

A sociologist wants to determine if the life expectancy of people in Africa is less than the life expectancy of people in Asia.

  Policy of booking

Air-America has a policy of booking as many as 14 people on an airplane that can seat only 12. (Past studies have revealed that only 92% of the booked passengers actually arrive for the flight.)

  Description of chi-square

A researcher selected a sample of 50 residents from each of three different cities to determine if they were willing to participate in a medical experiment. At a = .05, test the claim that the proportions who will participate are equal.

  Explaining statistics is science of conducting studies

Statistics is science of conducting studies to: Solve a system of equations.

  Probability of rolling of the die

A person rolls a pair of six-sided dice, which are equally likely to come up any number from 1 to 6. If the person rolls a seven he gets $0.

  Statistical analysis of long-distance calls

A statistical analysis of 1,000 long-distance calls made from the headquarters of the Bricks and Clicks Computer Corporation indicates that the length of these calls is normally distributed with μ = 240 seconds and σ = 40 seconds.

  Find probability person do not have college education

Population have at least some college education. choose 10 persons at random. Find the probability that at least 5 do not have any college education.

  Adults having iq scores and are normally distributed

Assume adults have IQ scores that are normally distributed with a mean of 105 and a standard dviation 20. Find the probability that a rondomly selected adult has an IQ betwwen 93 and 117.

  Chance number who say yes in properly drawn random sample

What is the chance that the number who say "yes" in a properly drawn random sample of 500 will be smaller than 360?

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