FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A mining company wants to estimate the average daily tonnage of ore that they mine. The company know that each day they can mine between

A mining company wants to estimate the average daily tonnage of ore that they mine. The company know that each day they can mine between 100 and 700 tons of ore. The company wants to be within 45 tons of the actual daily average. How many days should the company sample to be 95% confident of the result?

  • Enter your answer in the blank below and include units.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Analytics

Essentials of Business Analytics

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

2nd edition

1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734

More Books

Students also viewed these Mathematics questions

Question

Jake is a double health-entrepreneurship major in UAB. Recently he has come up with a business idea. The product that he has noticed many people need is a special type of flexible and sensor-based...

Answered: 1 week ago

Question

In a study, researchers wanted to measure the effect of alcohol on the hippocampal region, the portion of the brain responsible for long-term memory storage, in adolescents. The researchers randomly...

Answered: 1 week ago

Question

QUESTION 21 3.333 points Save Answer Refer to the below table. At what consumption level for this product does diminishing marginal utility set in # of units of Commodity Total Utility 36 A 80 150...

Answered: 1 week ago

Question

What was the action you are most proud of, or that is the most meaningful to you? What was the civic issue that was involved in your action? When and how did you first hear about that issue? Why did...

Answered: 1 week ago

Question

★★★★★
Determine the horizontal and vertical components of reaction which the pins exert on memberABC. 3 ft 0.5 tt 6 ft 80 Ib

Answered: 1 week ago

Question

★★★★★
1. In which ways do smartphones help these companies be more profitable? To what extent are improvements in performance coming from revenue increases or cost reductions? Provide several examples from...

Answered: 1 week ago

Question

★★★★★
Describe Humes general approach to the problem of causality.

Answered: 1 week ago

Question

★★★★★
(Analysis of Lease vs. Purchase) Jose Rijo Inc. owns and operates a number of hardware stores in the New England region. Recently the company has decided to locate another store in a rapidly growing...

Answered: 1 week ago

Question

★★★★★
Practice Resolution Refutation: Use resolution refutation in order to prove the propositional sentence Lights(Light7& Light2)) from the given set of premises: -Light2 >Light1 Light4 >Light3 Light5->...

Answered: 1 week ago

Question

★★★★★
A. Voltage Measurements at 90 Hz Turn on your function generator. It defaults to a sine wave with a frequency of 1000 Hz. Set the Frequency to 90.000 Hz by using the decade buttons (below 100.000) to...

Answered: 1 week ago

Question

★★★★★
The volume of cone of radius r and height his (a) (b) oil (c) water -7h. 20 cm The diagram above shows a container, in the form of a right circular cone. It is partially filled with water to a...

Answered: 1 week ago

Question

★★★★★
Explain the key goal of effective negotiation and what it is meant to achieve. Include at least three (3) strategies that can be used to achieve a favorable outcome in a negotiation.

Answered: 1 week ago

Question

★★★★★
Child's Play Company makes a plastic rattle for toddlers. The rattle is generally marketed through exclusive retailers located in upscale shopping malls. In late 2017, Diana Suarez, the president of...

Answered: 1 week ago

Question

★★★★★
3. (10 points) Find the length of the part of the curve 2 R(t) = t + + 1 t F between the origin and the point (1, 2/2, 1/3).

Answered: 1 week ago

Question

★★★★★
0 Skills and Applications Writing an Exponential Equation In Exercises 7-10, write the logarithmic equation in exponential form. For example, the exponential form of log, 25 = 2 is 5 = 25. 7. log4 16...

Answered: 1 week ago

Question

★★★★★
In 6-8 find the velocity v(t) and position s(t) at time t> 0 of a material particle that moves without friction along a straight line, when its acceleration, initial position, and initial velocity...

Answered: 1 week ago

Question

★★★★★
please send fast we have an exam tom and the questions were uploaded todsy On 1 January 2 0 X 5 , Sainsco began to construct a supermarket which had an estimated useful life of 4 0 years. It...

Answered: 1 week ago

Question

★★★★★
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...

Answered: 1 week ago

Question

★★★★★
Energy investment decisions. a) For the payoff table in Exercise 14, find the investment strategy under the assumption that the probability that the price of oil goes substantially higher is 0.4 and...

Answered: 1 week ago

Question

★★★★★
Advertising strategies EVPI. a) For the advertising strategies of Exercise 21 and using the probability of 0.70 for rising consumer confidence, what is the Expected Value of Perfect Information...

Answered: 1 week ago

Question

★★★★★
Energy investment EVPI. For the energy investment of Exercise 22 and using both of the probabilities considered in that exercise, find the Expected Value of Perfect Information.

Answered: 1 week ago

Previous Question Next Question