Question

In: Statistics and Probability

please do these 2 problem step by step and how how you get z core SAT...

please do these 2 problem step by step and how how you get z core

SAT scores are normally distributed with a mean of 1,500 and a standard deviation of 300. An administrator at a college is interested in estimating the average SAT score of first-year students. If the administrator would like to limit the margin of error of the 86% confidence interval to 15 points, how many students should the administrator sample? Make sure to give a whole number answer.

You are interested in estimating the the mean age of the citizens living in your community. In order to do this, you plan on constructing a confidence interval; however, you are not sure how many citizens should be included in the sample. If you want your sample estimate to be within 5 years of the actual mean with a confidence level of 96%, how many citizens should be included in your sample? Assume that the standard deviation of the ages of all the citizens in this community is 25 years.

Solutions

Expert Solution

The following information is provided,
Significance Level, α = 0.14, Margin or Error, E = 15, σ = 300


The critical value for significance level, α = 0.14 is 1.48.

The following formula is used to compute the minimum sample size required to estimate the population mean μ within the required margin of error:
n >= (zc *σ/E)^2
n = (1.48 * 300/15)^2
n = 876.16

Therefore, the sample size needed to satisfy the condition n >= 876.16 and it must be an integer number, we conclude that the minimum required sample size is n = 877
Ans : Sample size, n = 877 or 876


2)

The following information is provided,
Significance Level, α = 0.04, Margin or Error, E = 5, σ = 25


The critical value for significance level, α = 0.04 is 2.05.

The following formula is used to compute the minimum sample size required to estimate the population mean μ within the required margin of error:
n >= (zc *σ/E)^2
n = (2.05 * 25/5)^2
n = 105.06

Therefore, the sample size needed to satisfy the condition n >= 105.06 and it must be an integer number, we conclude that the minimum required sample size is n = 106
Ans : Sample size, n = 106 or 105


### if you take z value upto 3 decimal answer would be change


Related Solutions

Can I get a Step by Step on how to do this problem Test the claim...
Can I get a Step by Step on how to do this problem Test the claim that the proportion of people who own cats is larger than 80% at the 0.005 significance level. The null and alternative hypothesis would be: H0:p≤0.8H0:p≤0.8 H1:p>0.8H1:p>0.8 H0:μ=0.8H0:μ=0.8 H1:μ≠0.8H1:μ≠0.8 H0:p≥0.8H0:p≥0.8 H1:p<0.8H1:p<0.8 H0:p=0.8H0:p=0.8 H1:p≠0.8H1:p≠0.8 H0:μ≥0.8H0:μ≥0.8 H1:μ<0.8H1:μ<0.8 H0:μ≤0.8H0:μ≤0.8 H1:μ>0.8H1:μ>0.8 The test is: right-tailed left-tailed two-tailed Based on a sample of 700 people, 82% owned cats The test statistic is:  (to 2 decimals) The p-value is:  (to 2 decimals) Based...
Please solve all answers on Excel and show step by step how you get the WACC...
Please solve all answers on Excel and show step by step how you get the WACC answer.   Tornado Motors is a major producer of sport and utility trucks. It is a family owned company, started by Jane Biscayne in 1935, at the height of the Great Depression. Today the firm produces 3 lines of trucks. These include a standard, no-frills short bed pickup truck (Model A), a mid-size version (Model B ) and a larger, heavy-duty work truck (Model C)....
What is normalzing a wavefunction and how do you do it step by step? Please show...
What is normalzing a wavefunction and how do you do it step by step? Please show TWO different examples (one for SHO question, an IPW question, etc) Thanks!
Can you please provide a step by step instruction to get to the answer to the...
Can you please provide a step by step instruction to get to the answer to the following question WACC. Kose, Inc., has a target debt-equity ratio of .38. Its WACC is 10.1 percent and the tax rate is 25 percent. a) If the company’s cost of equity is 12 percent, what is its pretax cost of debt? b) If instead you know that the aftertax cost of debt is 6.4 percent, what is the cost of equity?
Could you please explain step by step how to resolve this problem? Please don't send me...
Could you please explain step by step how to resolve this problem? Please don't send me the one that is already posted, I want a new explanation. Thank you. At the end of the month, the M&M Company had completed Job Red and Job Yellow. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job Red $6,720 $2,016 24 Job Yellow 12,966 4,104 76 ​ Job Red produced 144 units, and Job Yellow...
how do you get each of these anwsers Q1: P( Z ≤ 1.86 ) = ?...
how do you get each of these anwsers Q1: P( Z ≤ 1.86 ) = ? Answer: _______________0.9686_______________________                                                                                                                            Q2: P ( 0.23 ≤ Z ≤ 1.91 ) = ?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Answer: _______________0.3809_______________________                                                                                                                                    Q3: P (k ≤ Z ) ≈ 0.8749, k = ?                                                                                         Answer: _________________-1.15_____________________                                                                                     Q4: P ( Z ≥ -0.30 | Z ≥ -1.83 ) = ?                                                                                          Answer: ________________0.6394___________________                                                                                                                                                                                              Q5:...
How can I solve this problem? Can you please show step by step how to solve...
How can I solve this problem? Can you please show step by step how to solve this? Qd = 2,000 − 10P MC = 0.1Q
Could you please show step by step how I can get IRR after computing Present value...
Could you please show step by step how I can get IRR after computing Present value of cash flows and NPV Exercise 11-13A Internal rate of return LO P4 Following is information on two alternative investments being considered by Tiger Co. The company requires a 4% return from its investments. Project X1 Project X2 Initial investment $ (80,000 ) $ (120,000 ) Expected net cash flows in year: 1 25,000 60,000 2 35,500 50,000 3 60,500 40,000
Please provide step by step detailing on how i should do this assignment. In Angel, you...
Please provide step by step detailing on how i should do this assignment. In Angel, you will find a class called Employee. This class should include a constructor which sets name to blanks and salary to $0.00 and a constructor which sets name to a starting name and salary to a set amount. Additionally, the class should include methods to set the name and salary and return the name and salary. Create another method to return the name and salary...
Can I get it solved step by step please with work shown You purchased a security...
Can I get it solved step by step please with work shown You purchased a security on 10/30/2018 at a price of $93.45. You redeemed the security on 03/27/ 2019 at a price of $99.75. Answer the following questions: Find APR Find EAR
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT