Question

In: Statistics and Probability

From a sample of 64 days, General Motors register a X of 3.58 accidents pe day...

  1. From a sample of 64 days, General Motors register a X of 3.58 accidents pe day with s = of 52. What is confidence interval covers that the mean number of accidents per day at the factory is between 3.2 and 3.96 accidents?

Solutions

Expert Solution


Related Solutions

At the end of the day, the cash register tape lists $881.40 as total income from...
At the end of the day, the cash register tape lists $881.40 as total income from services. Cash on hand consists of $18.25 in coins, $433.60 in currency, $100.00 in traveler's checks, and $427.00 in customers' checks. The amount of the Change Fund is $100. Required: Record the entry to record the day's cash revenue. If an amount box does not require an entry, leave it blank. GENERAL JOURNAL PAGE       DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT To record...
Suppose that a random sample of size 64 is to be selected from a population with...
Suppose that a random sample of size 64 is to be selected from a population with mean 40 and standard deviation 5. (a) What are the mean and standard deviation of the x sampling distribution? μx = 1 40 Correct: Your answer is correct. σx = 2 .625 Correct: Your answer is correct. (b) What is the approximate probability that x will be within 0.2 of the population mean μ? (Round your answer to four decimal places.) P = 3...
Suppose that a random sample of size 64 is to be selected from apopulation with...
Suppose that a random sample of size 64 is to be selected from a population with mean 50 and standard deviation 7. (Use a table or technology.)(a)What are the mean and standard deviation of thexsampling distribution?μxσx=(b)What is the approximate probability thatxwill be within 0.5 of the population mean μ? (Round your answer to four decimal places.)(c)What is the approximate probability that x will differ from μ by more than 0.8? (Round your answer to four decimal places.)
Suppose that a random sample of size 64 is to be selected from a population with...
Suppose that a random sample of size 64 is to be selected from a population with mean 40 and standard deviation 5. a) What is the approximate probability that x will differ from μ by more than 0.8? (Round your answer to four decimal places.)
Rob McGowan collects data from General Motors, General Electric, Oracle, and Microsoft. His professor seeks to...
Rob McGowan collects data from General Motors, General Electric, Oracle, and Microsoft. His professor seeks to form a portfolio using these stocks. Provide a quick rundown of the issues that the professor face while creating his portfolio. Discuss what your goals and objective would be if you were creating this portfolio, how can you “add value”. Think about issues such as efficiency, risk-return, and how to add value. Include a recommendation of a portfolio make-up (weights, or even suggestions of...
Rob McGowan collects data from General Motors, General Electric, Oracle, and Microsoft. His professor seeks to...
Rob McGowan collects data from General Motors, General Electric, Oracle, and Microsoft. His professor seeks to form a portfolio using these stocks. ? 3. Compute the “beta” for each stock (Use DJIA as the market return). a) What does beta measure? 1997-06-01 4.93 1997-07-01 5.05 1997-08-01 5.14 1997-09-01 4.95 1997-10-01 4.97 1997-11-01 5.14 1997-12-01 5.16 1998-01-01 5.04 1998-02-01 5.09 1998-03-01 5.03 1998-04-01 4.95 1998-05-01 5.00 1998-06-01 4.98 1998-07-01 4.96 1998-08-01 4.90 1998-09-01 4.61 1998-10-01 3.96 1998-11-01 4.41 1998-12-01 4.39 1999-01-01...
19. A sample of 64 elements from a population with a standard deviation of 48 is...
19. A sample of 64 elements from a population with a standard deviation of 48 is selected. The sample mean is 170. You are asked to construct a 95% confidence interval for μ. The lower bound (or lower limit) for that interval is . . . (NOTE: Round your final answer to 2 decimal places - such as 14.12 or 31.00 or 99.55) 10. A local electronics firm wants to determine their average daily sales (in dollars.) A sample of...
1. Suppose that a random sample of size 64 is to be selected from a population...
1. Suppose that a random sample of size 64 is to be selected from a population with mean 40 and standard deviation 5. a. What is the mean of the ¯xx¯ sampling distribution? b. What is the standard deviation of the ¯xx¯ sampling distribution? c. What is the approximate probability that ¯xx¯ will be within 0.5 of the population mean μμ? d. What is the approximate probability that ¯xx¯ will differ from μμ by more than 0.7? 2. A Food...
A sample of 64 resistors are taken from a production line and are found to have...
A sample of 64 resistors are taken from a production line and are found to have a sample mean of 998 Ohms. The population distribution for the resistances is unknown but the population standard deviation is known to be 10 Ohms. (a) Find a 97% confidence interval for the population mean. The tabulated value is  and obtained from  table. Lower limit is  and the upper limit is . (b) Answer the following two questions by writing either ”narrower” or ”wider” in the blank...
9. If a sample of size 64 is drawn from a population with a standard deviation...
9. If a sample of size 64 is drawn from a population with a standard deviation of 80, the standard deviation of sample means would equal _______. A. 10.000 B. 1.250 C. 0.125 D. 0.800
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT