Question

In: Statistics and Probability

The US Navy is interested in acquiring a new communications relay for its submarines. Manufacturers tested...

The US Navy is interested in acquiring a new communications relay for its submarines. Manufacturers tested 50 units and found the mean time between failures to be 2607 minutes, and the sample standard deviation to be 675. Find a 95% CI for the mean time between failures. (Assume the sample comes from a normal population.)

Solutions

Expert Solution


Solution :

Given that,

= 2607

s = 675

n = 50

Degrees of freedom = df = n - 1 = 50 - 1 = 49

At 95% confidence level the t is ,

  = 1 - 95% = 1 - 0.95 = 0.05

/ 2 = 0.05 / 2 = 0.025

t /2,df = t0.025,49 = 2.010  

Margin of error = E = t/2,df * (s /n)

= 2.010 * (675 / 50)

= 191.87

Margin of error = 191.87

The 95% confidence interval estimate of the population mean is,

- E < < + E

2607 - 191.87 < < 2607 + 191.87

2415.13 < < 2798.87

( 2415.13, 2798.87 )


Related Solutions

4. The US Navy has operated a 76 Hz ELF radio transmitter to communicate with submarines....
4. The US Navy has operated a 76 Hz ELF radio transmitter to communicate with submarines. Find the wavelength of the radio wave in km. The distance from New York to Los Angeles is 3,944 km. How does the wavelength compare with this distance? (5 pts) 5. To image individual atoms in crystals using electromagnetic waves, you typically want the wavelength of the wave to equal the atomic spacing between atoms; this spacing is about 0.3×10-9 m for many crystals....
IBM is interested in acquiring some new equipment. Machine A costs $30,000 up front and will...
IBM is interested in acquiring some new equipment. Machine A costs $30,000 up front and will last 5 years. It costs $4000 per year to run. Machine B costs $15,000 up front and will last 2 years. B costs $6000 per year to run. IBM plans to replace the equipment as needed. The 2 machines perform the same function. The interest rate is 12%. Which machine should they choose? And why?
1. A new method of packaging eggs is being tested. The manager is interested in estimating...
1. A new method of packaging eggs is being tested. The manager is interested in estimating the proportion of eggs that will be broken upon delivery. A shipment of 3000 eggs was examined. Choose the confidence interval or hypothesis test that will help with the above research. a. Confidence Interval for a Proportion b. Confidence Interval for a Population Mean c. Hypothesis Test for a Population Mean d. Hypothesis Test for a Population Proportion 2. Are blondes more likely to...
Mariposa Inc is considering improving its production process by acquiring a new machine. There are two...
Mariposa Inc is considering improving its production process by acquiring a new machine. There are two machines management is analyzing to determine which one it should purchase. The company requires a 14% rate of return and uses straight-line depreciation to a zero book value. Machine A has a cost of $290,000, annual operating costs of $8,000, and a 3-year life. Machine B costs $180,000, has annual operating costs of $12,000, and has a 2-year life. Whichever machine is purchased will...
DeLux Brothers (Pty) Ltd intends to expand its Palapye based operations by acquiring a new plant....
DeLux Brothers (Pty) Ltd intends to expand its Palapye based operations by acquiring a new plant. The Finance Manger has been asked by the owners of the company to prepare cash flow forecasts for the business for the period December 2017 to May 2018. The marketing department has prepared the following forecasts. Month                                            Sales BWP October 2017 – Actual                   180 000 November                                      180 000 December                                      360 000 January 2018                                 450 000 February                                        500 000 March                                            360 000 April                                              360 000...
On December 28, 2021. Tristar Communications sold 15 units of its new satellite uplink system to...
On December 28, 2021. Tristar Communications sold 15 units of its new satellite uplink system to various customers for $20,000 each. The terms of each sale were 2/10, n/30. Tristar uses the gross method to account for sales discounts.In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022? By how much?
Logan's Company is interested in purchasing a state-of-the-art machinery for its manufacturing plant. This new machine...
Logan's Company is interested in purchasing a state-of-the-art machinery for its manufacturing plant. This new machine will cost $100,000 and will have no salvage value at the end of its 5 year useful life. The projected net cash inflows for the 5 years are $32,000, $57,000, $5,000, $28,000, and $16,000. Logan's Company cost of capital rate is 10%. a.) What is the payback period? Express your answer in 2 places after decimal. b.)What is the net present value of this...
HARDA Manufacturers is still designing and developing applications for its new system. David Savage received a letter from the external auditor.
 HARDA Manufacturers is still designing and developing applications for its new system. David Savage received a letter from the external auditor. He called a meeting with his vice presidents to review the recommendation that HARDA Manufacturer should form an information system steering committee. Required: a) Explain the possible reasons for the fact that auditors have recommended forming a steering committee. Also discuss the specific responsibilities of this steering committee. [5 marks] b) Discuss the benefits and the composition of this...
"You have developed a new anti-anxiety drug and are interested in its efficacy. You have two...
"You have developed a new anti-anxiety drug and are interested in its efficacy. You have two groups of rats (N=20 per group). You inject the one group (group 0) with saline, and inject the other group (group 1) with your anti-anxiety drug. Your outcome variable is the amount of exploratory behaviour (‘locomotion’) measured in a novel environment (a mild stress) over 1 hour. " I ran an independent-samples t-test in SPSS (a statistics program) on this data and the same...
You work for Shrad Ltd (a small Canadian importing firm). Shrad Ltd is interested in having your help to manage the exchange rate exposure on its foreign currency transactions. In your first month the firm agrees to buy goods from a US supplier.
You work for Shrad Ltd (a small Canadian importing firm). Shrad Ltd is interested in having your help to manage the exchange rate exposure on its foreign currency transactions. In your first month the firm agrees to buy goods from a US supplier. Payment of US$10,000,000 is to be made in 90 days. To help with your decisions, you obtain the following information from the international money markets.Exchange MarketSpot (C$/US$1) 1.5870/1.5886Forward (C$/US$1) 90 days 1.5898/1.5908Money Market Rates (annual)90 day C$...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT