Question

In: Math

Historical delivery times for Jackson Trucking, Inc. have had a mean of 3 hours and a...

Historical delivery times for Jackson Trucking, Inc. have had a mean of 3 hours and a standard deviation of 0.5 hours. A sample of 22 deliveries over the past month provides a sample mean of 3.1 hours and a sample standard deviation of 0.75 hours. Compute 95% confidence interval for the population variance. Select one: A. 0.5770 21.0718 B. 0.3329 21.1487 C. 0.4439 21.5317 D. 0.6663 21.2376

I know the answer is B

(n-1)s2 / x2 mui/2 <= o2 <= (n-1) s2 / X2 1- mui/2

(22-1)0.75sqrt / 35.479 <= o2 <= (22-1)0.75sqrt / 10.283

= 0.3329 <= o2 <= 1.1487

how do you get the 35.479 and 10.283?????

Solutions

Expert Solution

The formula for the confidence interval is as follows:

The values 35.479 and 10.283 are the upper tail critical chi-square value and lower tail critical chi-square value respectively

Alpha = 0.05, Upper tail = 0.975, Lower tail = 0.025

We need to look into the critical chi-square table at df = n - 1 = 22 - 1 = 21:

Upper tail critical value = 35.479 at df = 21 and 1 - alpha/2 = 0.975

Lower tail critical value at df = 21 and alpha/2 = 0.025 is 10.283


Related Solutions

The Crossett Trucking Company claims that the mean mass of its delivery trucks when they are...
The Crossett Trucking Company claims that the mean mass of its delivery trucks when they are fully loaded is 3000 kg and the standard deviation is 79 kg. Assume that the population follows the normal distribution. Forty trucks are randomly selected and their masses measured. Within what limits will 95% of the sample means occur? (Round the final answers to the nearest whole number.) Sample means
The Crossett Trucking Company claims that the mean mass of its delivery trucks when they are...
The Crossett Trucking Company claims that the mean mass of its delivery trucks when they are fully loaded is 2550 kg and the standard deviation is 63 kg. Assume that the population follows the normal distribution. Forty trucks are randomly selected and their masses measured. Within what limits will 98% of the sample means occur? (Round the final answers to the nearest whole number.) Sample means             to
Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully...
Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully loaded is 5,650 pounds and the standard deviation is 240 pounds. Assume that the population follows the normal distribution. Forty-five trucks are randomly selected and weighed. Within what limits will 90% of the sample means occur? (Round your z-value to 2 decimal places and final answers to 1 decimal place.) Sample means _______ to _______
Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully...
Crossett Trucking Company claims that the mean weight of its delivery trucks when they are fully loaded is 5,300 pounds and the standard deviation is 170 pounds. Assume that the population follows the normal distribution. Thirty trucks are randomly selected and weighed. Within what limits will 99 percent of the sample means occur? (Round your z-value to 2 decimal places and final answers to 1 decimal place.) Sample means ____ to _____
The delivery times for a distributing site are normally distributed with an unknown population mean and...
The delivery times for a distributing site are normally distributed with an unknown population mean and standard deviation. If a random sample of 25 deliveries is taken to estimate the mean delivery time, what t-score should be used to find a 98% confidence interval estimate for the population mean? df t0.10 t0.05 t0.025 t0.01 t0.005 ... … … … … … 21 1.323 1.721 2.080 2.518 2.831 22 1.321 1.717 2.074 2.508 2.819 23 1.319 1.714 2.069 2.500 2.807 24...
The delivery times for a distributing site are normally distributed with an unknown population mean and...
The delivery times for a distributing site are normally distributed with an unknown population mean and standard deviation. If a random sample of 25 deliveries is taken to estimate the mean delivery time, what t -score should be used to find a 98% confidence interval estimate for the population mean? df t 0.10 t 0.05 t 0.025 t 0.01 t 0.005 ... … … … … … 21 1.323 1.721 2.080 2.518 2.831 22 1.321 1.717 2.074 2.508 2.819 23...
NationsWay, Inc., a trucking company, declared bankruptcy in 2016, and as a result had all of...
NationsWay, Inc., a trucking company, declared bankruptcy in 2016, and as a result had all of it’s contract obligations discharged.. The employees of the company then sued the president of NationsWay, contending she should be held personally liable for the unpaid wages and benefits. They based their cause of action on the fact that they had been hired by the president and that she had given them assurances that they had a permanent job. Is the president individually liable for...
1) suppose average pizza delivery times are normally distributed with an unknown population mean and a...
1) suppose average pizza delivery times are normally distributed with an unknown population mean and a population standard deviation of 6 minutes. A random sample of 28 pizza delivery restaurants is taken and has a sample mean delivery time of 36 minutes. Find a 90% confidence interval estimate for the population mean delivery time.
Average pizza delivery times to the West Loop are normally distributed with an unknown population mean...
Average pizza delivery times to the West Loop are normally distributed with an unknown population mean and a population standard deviation of six minutes. Students in 270 at UIC collect a random sample of 28 pizza deliveries to the West is taken and they find sample mean delivery time of 36 minutes. Find a 60 and 95 percent confidence interval for µ.
The historical returns on a balanced portfolio have had an average return of 12% and a...
The historical returns on a balanced portfolio have had an average return of 12% and a standard deviation of 20%. Assume that returns on this portfolio follow a normal distribution. [Use Excel commands instead of the z table.] a. What percentage of returns were greater than 52%? (Round your answer to 2 decimal places.) b. What percentage of returns were below −48%? (Round your answer to 2 decimal places.)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT