Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, Can you please help me with Math Statistics. Q1) A survey is to be conducted to estimate the sales of Acme Glue. Acme want

Hello, Can you please help me with Math Statistics.

Q1) A survey is to be conducted to estimate the sales of Acme Glue. Acme want to be 95% confident that the estimate is no more than 10.5 litres away from the actual average, what sample size is needed? Previous data has indicated that the standard deviation of sales is approximately 6 litres.

Q2) Given the marathon running times for 8 runners from a running club (below). The manager of the club has hypothesized that with additional training, the average time could be lowered to 175 minutes. Compute the test statistic. What does this tell you?

Runner number

Time (mins)
1 185
2 244
3 131
4 154
5 135
6 192
7 201
8 199

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

Calculus

Authors: Howard Anton, Irl C Bivens, Stephen Davis

10th Edition

1118404009, 9781118404003

More Books

Students also viewed these Mathematics questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago