In: Statistics and Probability
A customer wants to estimate the average delivery time of a pizza from the local pizza parlor. Over the course of a few months, the customer orders 28 pizzas and records the delivery times. The average delivery time is 20.06 with a standard deviation of 5.271. If the customer estimates the time using a 95% confidence interval, what is the margin of error?
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Question 2 (1 point)
You own a small storefront retail business and are interested in determining the average amount of money a typical customer spends per visit to your store. You take a random sample over the course of a month for 15 customers and find that the average dollar amount spent per transaction per customer is $86.485 with a standard deviation of $15.8647. Create a 99% confidence interval for the true average spent for all customers per transaction.
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Question 3 (1 point)
The owner of a local phone store wanted to determine how much customers are willing to spend on the purchase of a new phone. In a random sample of 9 phones purchased that day, the sample mean was $338.73 and the standard deviation was $19.7969. Calculate a 95% confidence interval to estimate the average price customers are willing to pay per phone.
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Question 4 (1 point)
Suppose you work for Fender Guitar Company and you are responsible for testing the integrity of a new formulation of guitar strings. To perform your analysis, you randomly select 40 'high E' strings and put them into a machine that simulates string plucking thousands of times per minute. You record the number of plucks each string takes before failure and compile a dataset. You find that the average number of plucks is 6,886.7 with a standard deviation of 117.85. A 99% confidence interval for the average number of plucks to failure is (6,836.2, 6,937.2). From the option listed below, what is the appropriate interpretation of this interval?
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Question 5 (1 point)
The owner of a local golf course wants to determine the average age of the golfers that play on the course in relation to the average age in the area. According to the most recent census, the town has an average age of 23.44. In a random sample of 26 golfers that visited his course, the sample mean was 30.63 and the standard deviation was 8.771. Using this information, the owner calculated the confidence interval of (25.84, 35.42) with a confidence level of 99%. Which of the following statements is the best conclusion?
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Question 6 (1 point)
Researchers at a metals lab are testing a new alloy for use in high end electronics. The alloy is very expensive to make so their budget for testing is limited. The researchers need to estimate the average force required to bend a piece of the alloy to a 90 degree angle. From previous tests, the standard deviation is known to be 34.632 Newtons. In order to estimate the true mean within a margin of error of 9.703 Newtons with 99% confidence, how many samples would need to be tested?
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Question 7 (1 point)
A pharmaceutical company is testing a new drug to increase memorization ability. It takes a sample of individuals and splits them randomly into two groups. After the drug regimen is completed, all members of the study are given a test for memorization ability with higher scores representing a better ability to memorize. Those 28 participants on the drug had an average test score of 28.396 (SD = 4.142) while those 26 participants not on the drug had an average score of 40.736 (SD = 5.24). You use this information to create a 90% confidence interval for the difference in average test score. What is the margin of error? Assume the population standard deviations are equal.
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Question 8 (1 point)
In a consumer research study, several Meijer and Walmart stores were surveyed at random and the average basket price was recorded for each. It was found that the average basket price for 8 Meijer stores was $132.15 with a standard deviation of $24.701. 11 Walmart stores had an average basket price of $156.97 with a standard deviation of $19.049. Construct a 99% confidence interval for the difference between the true average basket prices (Meijer - Walmart). You can assume that the standard deviations of the two populations are statistically similar.
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Question 9 (1 point)
Independent random samples are taken at a university to compare the average GPA of seniors to the average GPA of sophomores. Given a 95% confidence interval for the difference between the true average GPAs (seniors - sophomores) of (0, 1.13), what can you conclude?
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Question 10 (1 point)
The owner of a local golf course wants to estimate the difference between the average ages of males and females that play on the golf course. He randomly samples 24 men and 21 women that play on his course. He finds the average age of the men to be 37.722 with a standard deviation of 7.091. The average age of the women was 32.214 with a standard deviation of 5.243. He uses this information to calculate a 99% confidence interval for the difference in means, (0.436, 10.58). The best interpretation of this interval is which of the following statements?
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no need to show work
I am helping you with the first 4 questions ...
(1)
n = 28
x-bar = 20.06
s = 5.271
% = 95
Standard Error, SE = s/√n = 5.271/√28 = 0.996125369
Degrees of freedom = n - 1 = 28 -1 = 27
t- score = 2.051830493
Margin of error = t * SE = 2.05183049297067 * 0.996125368615818 = 2.043880406
Option (a)
(2)
n = 15
x-bar = 86.485
s = 15.8647
% = 99
Standard Error, SE = s/√n = 15.8647/√15 = 4.096247926
Degrees of freedom = n - 1 = 15 -1 = 14
t- score = 2.976842734
Width of the confidence interval = t * SE = 2.97684273395329 * 4.09624792617179 = 12.19388588
Lower Limit of the confidence interval = x-bar - width = 86.485 - 12.1938858754957 = 74.29111412
Upper Limit of the confidence interval = x-bar + width = 86.485 + 12.1938858754957 = 98.67888588
The confidence interval is [74.2911, 98.6789]
Option (a)
(3)
n = 9
x-bar = 338.73
s = 19.7969
% = 95
Standard Error, SE = s/√n = 19.7969/√9 = 6.598966667
Degrees of freedom = n - 1 = 9 -1 = 8
t- score = 2.306004133
Width of the confidence interval = t * SE = 2.30600413329912 * 6.59896666666667 = 15.21724441
Lower Limit of the confidence interval = x-bar - width = 338.73 - 15.2172444088364 = 323.5127556
Upper Limit of the confidence interval = x-bar + width = 338.73 + 15.2172444088364 = 353.9472444
The confidence interval is [323.513, 353.947]
Option (d)
(4)
For this, the answer is Option (d).