A random sample of 10 employees was taken. The average age in the sample was 42 with

Question:

A random sample of 10 employees was taken. The average age in the sample was 42 with a variance of 25. Assuming the ages are normally distributed, the 95% confidence interval for the population average age is:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics For Contemporary Decision Making

ISBN: 409

8th Edition

Authors: Black Ken

See More Books

Question Posted: Feb 01, 2018 07:24 AM

See More Questions

A random sample of consumers is taken, and their mean preference for visiting a sports event is found to be 5.1 (on a 1 to 7 scale, where 7 denotes most preferred). In the previous surveys, the mean...
A random sample of 10 subjects have weights with a standard deviation of 10.3136kg. What is the variance of their weights? Be sure to include the appropriate units with the result.
A random sample of 25 statistics examinations was taken. The average score in the sample was 76 with a variance of 144. Assuming the scores are normally distributed the 99% confidence interval for...
One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar amounts. As an example, Samir is willing to drive 20 minutes out of his...
The hood of the automobile is supported by the strut AB, which exerts a force F on the hood. Determine the moment of this force about the hinged axis y. Given: F = 24 lb a = 2 ft b = 4 ft c = 2 ft d...
For a particular population, is the population mean a variable? What about a sample mean?
Soy como el mariscal de campo del equipo. Manejo 250 cuentas y hago de todo, desde facturacin hasta dar servicio y vender los productos. En realidad soy la cara que se presenta al cliente, afirma...
The assets of Fonzarelli Corporation are presented on the next page (000s omitted).InstructionsIndicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporation??sassets....
1. Haddan Company has 90 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Haddan produced 210 units and sold 300 units or $190 each. All...
On January 1. Ruiz Company issued bonds as follows: Face Value: Number of Years: Stated Interest Rate: Interest payments per year 500,000 15 7% Required: 1) Calculate the bond selling price given the...
Supply-chain management involves long-term partnerships among channel members that are working together to reduce inefficiencies, costs, and redundancies and to develop innovative approaches to...
2% of the checks received by an oil company is returned due to insufficient funds. Yesterday 400 checks were received in the mail. Let x equals the number of these checks which will be returned due...
Use the data from BE9-7. If ITA's assembly division is currently buying from an outside supplier at $75 per unit, what will be the effect on overall company profits if internal sales for 400 units...
Compared to other majornations, the United States spends________ on health care and achieves________ efficiency. A. more; about the same B. about thesame; less C. more; less D. less; less E. less;...
Studying other cultures through a humanistic lens allows people to understand how different cultures came about and how and why people behave differently from one place to another (Lombrozo, 2015)....
4. Assume that G and T are exogenous, and C is determined by the standard. consumption function, but that investment is now endogenous and responds to income: I = b + bY. Assume c + b < 1. (a)...
4. You have decided it's time to buy a house, and you have found the one you want. The price is $500,000, and you will pay 10% in cash and will take a mortgage on the balance. The annual interest...
Differentiate. G(x) = (2x+3) (9x+ (x) G'(x)=
The distance from the restaurant to the shoe store is the same as the distance from the cafe to the florist. The distance from the shoe store to the movie theater is the same as the distance from the...
Gopher, Inc. developing its upcoming budgeted Costs of Quality (COQ) with the following information: Expense Item Budget Raw Materials Inspection $ 15,000 EPA Fine 200,000 Design Engineering 15,000...
Among 150 IRS employees in a large city, only 30 are women. If 10 of the applicants are chosen at random to provide free: fax assistance for the residents of this city, use the binomial approximation...
A nationwide survey of 17,000 seniors by the University of Michigan revealed that almost 70% disapprove of daily pot smoking. If 18 of these seniors are selected at random and asked their opinions,...
Find the probability of being dealt a bridge hand of 13 cards containing 5 spades, 2 hearts 3 diamonds and 3 clubs.
Series of Compound Interest Techniques The following are several situations involving compound interest. Required: Using the appropriate table, solve each of the following: ( Click here to access the...
If Clark Kelly has recognized gain on an exchange of like-kind property held for investment use, where does Clark report the gain? First on Form 8824, then carried to Schedule D. First on Form 8824,...
An investor put 40% of her money in Stock A and 60% in Stock B. Stock A has a beta of 1.2 and Stock B has a beta of 1.6. If the risk-free rate is 5% and the expected return on the market is 12%,...

A random sample of 10 employees was taken. The average age in the sample was 42 with

Question:

Step by Step Answer:

Here we have n10 Since there 10 data values in the sample s...View the full answer

Business Statistics For Contemporary Decision Making

Students also viewed these Managerial Accounting questions