a. Determine the sample size required to estimate a population mean to within 10 units given that
Question:
a. Determine the sample size required to estimate a population mean to within 10 units given that the population standard deviation is 50. A confidence level of 90% is judged to be appropriate.
b. Repeat part (a) changing the standard deviation to 100.
c. Re-do part (a) using a 95% confidence level.
d. Repeat part (a) wherein we wish to estimate the population mean to within 20 units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a 68 b 2...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
Students also viewed these Statistics questions
-
Determine the smallest sample size required to estimate the population mean under the following specifications: a. e = 2.4, confidence level = 80% , data between50 and 150 b. e = 2.4, confidence...
-
Calculate the smallest sample size required to estimate the population mean under the following specifications: a. confidence level 95%, = 16, and e = 4 b. confidence level 90%, = 23, and e = 0.5...
-
We want to estimate the population mean within 5, with a 99 percent level of confidence. The population standard deviation is estimated to be 15. How large a sample is required? Here is the answer...
-
The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
-
For the inflation rate and GDP growth from Exercise 5, find the best ARMA model for the conditional mean, is the ARMA that you have found. Then, the conditional variance is Given this expression,...
-
What about dismissing a one legged postman for slowness?
-
Explain the different types of errors with suitable examples.
-
A partial work sheet for Jim Jacobs' Furniture Repair is shown as follows. Indicate by letters (a) through (d) the four adjustments in the Adjustments columns of the work sheet, properly matching...
-
please show solution in details, thank you $784,000 Soltermann Inc. Balance Sheet December 31 Account 2021 2020 Cash $ 78,000 $ 96,000 Receivables 52,000 38,000 Merchandise inventory..... 34,000...
-
Which of the following is/are the correct syntax of specifying choices for a random function: 1) random.choice(2,3,4) 2) random.choice([2,3,4]) 3) random.choice( (2,3,4)) a) None b) 1, 2, 3 are...
-
a. Given the following information, determine the 90% confidence interval estimate of the population mean using the sample median. Sample median = 500, = 12, and n = 50 b. Compare your answer in...
-
a. A statistics practitioner would like to estimate a population mean to within 50 units with 99% confidence given that the population standard deviation is 250. What sample size should be used? b....
-
On December 1, 2015, Dresden Company (a U.S. company located in Albany, New York) purchases inventory from a foreign supplier for 60,000 local currency units (LCU). Dresden will pay in 90 days after...
-
What work trait differences are similar in chart 1 and chart 2? Provide a comment for each of the 4 generations from each chart. Which work trait differences vary from those identified in chart 1 and...
-
Given the ALU design illustrated below, without changing the circuit design, please use the ALU to perform a logic NAND operation. Find out what the control signals should be (i.e. the values of...
-
Problem #5: Using the method of joints, determine the force in each member. State whether each member is in compression or tension. If the largest force each member can support is 4kN tension and 3kN...
-
Your cultural/social background and that of your family. What language, policies/structures and customs are relevant to your own culture? How do you think your own background impacts on people from...
-
In this second Case Assignment, the assignment is going to test your understanding of how successful teams operate efficiently through teamwork. Teamwork relies upon individuals to work together to...
-
The Randell Company is a medium-sized toy manufacturer. The information services division of this company is composed of user services, systems programming, and systems maintenance. In addition, the...
-
Use critical values to test the null hypothesis H0: 1 2 = 20 versus the alternative hypothesis H0: 1 2 20 by setting a equal to .10, .05, .01, and .001. How much evidence is there that the...
-
Adventure Gaming collects cash from subscribers in advance and then provides online games to subscribers over a one-year period. Requirements 1. Record the journal entry to record the original...
-
Consider a hypergeometric probability distribution with n = 3, R = 5, and N = 9. Calculate the following probabilities: a. P(x = 0) b. P(x > 1) c. P(x < 3) d. Calculate the mean and standard...
-
An urn contains six blue balls and eight yellow balls. If four balls are selected randomly without being replaced, what is the probability that of the balls selected, three of them will be blue and...
-
I find a bowl of Christmas M& Ms (only red and green) that Deb has hidden from me in the house one day. I quickly grab a handful before being caught. Before shoving them into my mouth to get rid of...
-
Each unit of finished goods requires 7 grams of raw material. The company plans to sell 270,000 units during the year. The number of units the company would have to manufacture during the year would...
-
Download the data for quiz 2 from Athena. Perform an Augmented Dicky Fuller test for the bond index time series, with a model with a constant but no trend, See the model i on the quiz instruction...
-
Lindon Company is the exclusive distributor for an automotive product that sells for $44.00 per unit and has a CM ratio of 30%. The companys fixed expenses are $283,800 per year. The company plans to...
Study smarter with the SolutionInn App