Question

In: Statistics and Probability

The manufacturer of a new line of ink-jet printers would like to include as part of...

  1. The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found in the Excel test data file.

  1. What are the point estimates for the population mean and population standard deviation?

____________________________________________________________

  1. Develop a 95% interval for the population mean.

____________________________________________________________

  1. If the point estimate of the population mean and standard deviations are accurate, what is the probability that another sample of 14 cartridges will last an average of more than 1750 pages?
Page Count
1991
1604
1355
2207
1496
2164
1792
2249
1300
1702
1351
1464
1606
1419

Solutions

Expert Solution

( a )

point estimates for the population mean = x bar = 1692.86

point estimates for the population standard deviation = s = 335.2762

( b )

95% interval for the population mean. is =(1499.277,1886.443)

( c )


Related Solutions

The manufacturer of a new line of ink-jet printers would like to include as part of...
The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found in the Excel test data file. Numbers are 1924 1518 1641 2358 1305 1272 2207 1580 1958 1069 1207 1453 1940 1331 What are the point estimates for the population mean and population standard deviation? Develop a 95% interval...
The manufacturer of a new line of ink-jet printers would like to include as part of...
The manufacturer of a new line of ink-jet printers would like to include as part of its advertising the number of pages a user can expect from a print cartridge. The results from a sample of 14 cartridges can be found here 1168 2265 1346 1814 1286 1611 1083 1216 2028 1498 2411 1145 1708 1685 a. what is the point estimate of the population mean and standard deviation? b. develop a 90% interval for the population mean c. if...
PrintTech, Inc. is introducing a new line of ink-jet printers and would like to promote the...
PrintTech, Inc. is introducing a new line of ink-jet printers and would like to promote the number of pages a user can expect from a print cartridge. A sample of 10 cartridges revealed the following number of pages printed. (Use t Distribution Table.) 2,983 3,096 2,510 2,559 2,559 2,622 2,537 2,485 3,236 2,758 picture Click here for the Excel Data File What is the point estimate of the population mean? (Round your answer to 2 decimal places.) Develop a 98%...
Production Scheduling: New jet, Inc. manufactures inkjet printers and laser printers. The company has the capacity...
Production Scheduling: New jet, Inc. manufactures inkjet printers and laser printers. The company has the capacity to make 70 printers per day, and it has 120 hours of labor per day available. It takes 1 hour to make an inkjet printer and 3 hours to make a laser printer. The profits are $40 per inkjet printer and $60 per laser printer. Find the number of each type of printer that should be made to give maximum profit and find the...
A manufacturer of computer printers purchases plastic ink cartridges from a vendor. When a large shipment...
A manufacturer of computer printers purchases plastic ink cartridges from a vendor. When a large shipment is received, a random sample of 225 cartridges is selected, and each cartridge is inspected. If the sample proportion of defective cartridges is more than 0.02, the entire shipment is returned to the vendor. (a) What is the approximate probability that a shipment will be returned if the true proportion of defective cartridges in the shipment is 0.06? (Round your answer to four decimal...
Part 1: Capital Budgeting Analysis Adams, Incorporated would like to add a new line of business...
Part 1: Capital Budgeting Analysis Adams, Incorporated would like to add a new line of business to its existing retail business. The new line of business will be the manufacturing and distribution of animal feeds. This is a major capital project. Adams, Incorporated is aware you an in an MBA program and would like you to help analysis the viability of this major business venture based on the following information: • The production line would be set up in an...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like to investigate the relationship between the ages and LDL​ (low-density lipoprotein) cholesterol of men. The accompanying data set shows the ages and LDL cholesterol levels of seven randomly selected men. Construct a​ 95% prediction interval to estimate the LDL cholesterol level of a 28​-year-old man. Age 24 37 27 31 42 32 42 Cholesterol 141 178 160 199 158 142 205 Determine the upper...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like to investigate the relationship between the ages and LDL​ (low-density lipoprotein) cholesterol of men. The accompanying data set shows the ages and LDL cholesterol levels of seven randomly selected men. Construct a​ 95% prediction interval to estimate the LDL cholesterol level of a 25​-year-old man. Click the icon to view the data table. Age: 22 37 26 32 41 31 40 Cholesterol: 144 177...
As part of a research program for a new cholesterol drug, a pharmaceutical company would like...
As part of a research program for a new cholesterol drug, a pharmaceutical company would like to investigate the relationship between the ages and LDL (low-density lipoprotein) cholesterol of men. The accompanying data set shows the ages and LDL cholesterol levels of seven randomly selected men. Construct a 95% prediction interval to estimate the LDL cholesterol level of a 25 year old man. Age | 24 38 26 32 43 30 41 Cholesterol | 141 175 155 197 158 144...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like...
As part of a research program for a new cholesterol​ drug, a pharmaceutical company would like to investigate the relationship between the ages and LDL​ (low-density lipoprotein) cholesterol of men. The accompanying data set shows the ages and LDL cholesterol levels of seven randomly selected men. Construct a​ 95% prediction interval to estimate the LDL cholesterol level of a 32​-year-old man. Age- 24, 37, 25, 33, 43, 31, 41 Cholesterol- 140, 177, 157, 197, 160, 141, 209 Determine the upper...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT