The population mean productivity is 35, the population standard deviation is 10, and the sample size is
Question:
The population mean productivity is 35, the population standard deviation is 10, and the sample size is 15. Find the standard deviation of the total amount represented by a random sample.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The stan...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Find the required sample size for estimating the population mean in order to be 95% confident that the sample mean is within 10 units of the population mean. Assume that the population standard...
-
The college statistics club is reviewing its order for sweat suits for the new fall semester. Its review involves the random sample of heights for 24 students, listed here (in inches): Find each of...
-
The standard deviation (or, as it is usually called, the standard error) of the sampling distribution for the sample mean, x , is equal to the standard deviation of the population from which the...
-
Evaluate the limit or state that it does not exist. lim (x,y) (1,-3) In(3x + y)
-
Consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also with an annual coupon of 5%. Both currently sell at face value. Now suppose interest rates rise to 10%. a. What...
-
A portfolio is invested 25% in Stock G, 55% in Stock J, and 20% in Stock K. The expected returns on these stocks are 8%, 14%, and 18%, respectively. What is the portfolios expected return? How do you...
-
What is the relation between the mean and the variance of a Poisson random variable? LO9
-
The standard heat of combustion (Hc) of liquid 2.3,3-trimethylpentane [C8H18] is reported in a table of physical properties to be 4850 kJ/mol. A footnote indicates that the reference temperature for...
-
Barefoot Running Company's work in process invertory on June 1 has a balance of $22.600 representing Job No 265. During June, 550,000 of direct materials were requisitioned for Job Ns 25 and 535,300...
-
Go to the Structural Styles section and create a style rule that sets the background color of the browser window to rgb(173, 189, 227). Create a style rule for the body element that sets the...
-
The mean account balance is $500 and the standard deviation is $120 for a large population of bank accounts. Find the standard deviation of the average balance of groups of eight accounts (chosen...
-
You have eight machines operating independently. The mean production rate for each machine is 20.3 tons/day, and the standard deviation is 1.4 tons/day. Approximately how much uncertainty is there in...
-
Replacing the buttons with snaps increases the probability of a flaw to 0.003, but the inspector can check 70 shirts an hour (still with 6 snaps each). Now what is the probability she finds no snap...
-
n1 = 20, n2 = 25, S = 607, H1: 1 2. In Exercises 710, compute S, S, and the value of the test statistic z. Then find the P-value for the specified alternate hypothesis and values of n1, n2, and S.
-
To determine whether traffic levels differ between the morning and evening rush hours, a traffic engineer counted the number of cars passing through a certain intersection during five-minute periods...
-
Macon Timber Company established a \(\$ 150\) petty cash fund on January 1, 2012. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Record the...
-
Following is a bank reconciliation for Holt's Sandwich Shop for May 31, 2012: Because of limited funds, Holt's employed only one accountant who was responsible for receiving cash, recording receipts...
-
For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average. a. b. c. d. e. f. would produce the highest amount of net income in an inflationary environment. would...
-
For the following exercises, find the area of the triangle with the given measurements. Round each answer to the nearest tenth. b = 11, c = 8, = 28
-
On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $340,200. Stinson's book value on that date consisted of common stock of $100,000 and...
-
From Table 11.3.16, consider the daily production and the number of workers assigned for each of a series of days. a. Find the regression equation for predicting production from the number of...
-
Table 11.3.2 shows the on-time performance of nine airlines, both for one month (May 2010) and for the preceding four (January to April 2010). These numbers represent percentages of flights that...
-
One weekend when you reduced prices 5%, your store had $58,000 worth of sales. The next weekend, with a 15% reduction, your sales were $92,000. The weekend after that, with a 17.5% reduction, your...
-
Al preparar el estado de resultados pro forma, cules de las siguientes partidas se deducen de las utilidades brutas para llegar a las ganancias despus de impuestos? Pregunta de seleccin mltiple....
-
Lawson Inc. is expanding its manufacturing plant, which requires an investment of $4 million in new equipment and plant modifications. Lawson's sales are expected to increase by $3 million per year...
-
20 On January 1, Year 1, X Company purchased equipment for $80,000. The company estimates that the equipment will have a useful life of 10 years and a residual value of $5,000. X Company depreciates...
Study smarter with the SolutionInn App