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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?
A cognitive psychologists knows that concrete words, which easily evoke images (.e.g. "sunset", "truck") are easier to remember than abstract words, but she would like to know if t
An internal report issued by the marketing manager of a oil-change franchise claims that the mean number of miles between oil changes is for franchise customers is at least 3600 mi
Obligations showing the responsibility to pay for solutions or products that have been suffered or obtained but not compensated for by the end of the sales interval.
AFRS - Talk about AGENCY FINANCIAL REPORTING SYSTEM.
What is meant by the full cost of a product? Many organizations use the expression top dollars to mean the complete creating or technology cost of a product. To this organiz
Describe portfolio ratio, i need assignment help in portfolio ratio based questions.
why death rates are standardlized
Company statistics is the technology of good selection in the face of concern and is used in many professions such as financial statistics, econometrics, auditing, generation and f
how can we construct a bivariate frequency distribution
It is a numerical average, as equal to the sum of terms in a given series divided by the number of terms in that series is the mean which is also called the expected value.
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