Explain mean confidence interval for the population, Operation Management

Assignment Help:

You wk for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115. The sample standard deviation is $16.40.

a. construct 90% of the mean confidence interval for the population of mean repair cost

b.the 90% interval confidence is _____ , ______ (Round to two decimal places as needed).


Related Discussions:- Explain mean confidence interval for the population

Define quality and definition of quality, 1) Definition of Quality Part 1: ...

1) Definition of Quality Part 1: How do you define Quality? Provide a definition of quality, support your definition, and define the stakeholders who are affected by your quality d

Most vital factor in determining a company''s unit sales, Which of the foll...

Which of the following is the most important factor in determining a company's unit sales and market share of private-label footwear in a particular geographic region? a The len

Explain six sigma principles to health care organizations, Type two savings...

Type two savings are the least likely to occur when applying Six Sigma principles to health care organizations

Evaluate the statement work center to minimize idle time, Evaluate the stat...

Evaluate the statement: "In lean operations, when work is completed at one work center, it is important to immediately move the completed work to the next work center to minimize i

Explain stock outstanding, Assume a company has 10 million shares of stock ...

Assume a company has 10 million shares of stock outstanding and that its Income Statement for Year 12 is as follows: Income Statement Data Year 12 (in 000s) Net Revenues from Footw

Explain the credibility of a source of information, What criteria do you re...

What criteria do you recommended to determine the credibility of a source of information? Develop a list of no less than 10 elements you would use to determine the credibility of f

Explain critical path, Explain Critical Path. This is that sequence of ...

Explain Critical Path. This is that sequence of activities that decide the complete project duration. Critical Path is formed by critical activities. This path consumes maximum

Formulate the subsequent problems, Formulate the following problems:B.7; B....

Formulate the following problems:B.7; B.8; B.10; B.11 and B.17. Do not solve

Explain how can data mining be used to accomplish objective, Your company w...

Your company wants to increase revenues from its existing customers. How can data mining be used to accomplish his objective?

Explain companys strengths and weaknesses, How can value-chain analysis hel...

How can value-chain analysis help identify a companys strengths and weaknesses?

Write Your Message!

Captcha
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