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The quick method for a confidence interval for a proportion uses p ±1/√n as an approximation for a 95% confidence interval. The margin of error in this case is slightly larger than necessary. Suppose that a simple random sample of 500 motorcycle registrations finds that 68 of the motorcycles are Yamahas. Give a 95% confidence interval for the proportion of motorcycles in the population that are Yamahas using the quick method of chapter 3 and then by the more precise method of chapter 21.
What does the confidence level of a confidence interval tell you?
Suppose that a population has mean, µ, and standard deviation, σ. What does the central limit theorem tell us about the distribution of the sample mean?
Government regulations indicate that the total weight of cargo in a certain kind of airplane cannot exceed 310 kg. On a particular day a plane is loaded with 100 boxes of a particular item only. Historically, the weight distribution for the individual boxes of this variety has a mean of 3.2 kg and standard deviation 0.4 kg.
a. Interpret the meaning of the "a mean of 3.2 kg" in terms of repeated samplng.
b. what is the distribution of the sample mean weight for the boxes (give the name of the distribution and appropriate parameter values)?
c. What is the probability that the government regulation is met?
Question 1: (a) The time it takes to deliver a pizza after an order is placed is uniformly distributed between 20 and 50 minutes. What is the probability that a pizza wil
What is the difference between parametric and non-parametric stats tests? Different kinds or levels of data need to be analysed using different kinds of stats tests. The basic dist
one two
(3) You generate a null hypothesis that = 32. You draw a random sample of size n = 28 from the population. You observe the following sample statistics: Y = 35:5 and a
how do you interpret the correlation on the basis of probable error
Volumes due from personal individuals or companies for products, and/or solutions equipped by the condition. Records Receivable does not involve amounts due from other companies, r
what is accounting ?
An individual has $ 100 initially. He repeatedly plays a game of chance in which he earns $ 100 with probability 0.8 or loses $ 100 with probability 0.2. The stops playing at the f
A researcher has gathered data on the daily returns on a portfolio of call options over a recent 250-day period. The mean daily return has been 0.001 and the sample standard deviat
If q=2,TP=450 and AP=225, what is MP. How can I figure out what my marginal product will be?
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