Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 24, 2024

question 1b Question 1. A school is interested in the average number of people on their servers at any particular time. The number of people

question 1b
Question 1. A school is interested in the average number of people on their servers at any particular time. The number of people on the servers during a randomly selected minute of the day is recorded. 20 one minute periods are measured in total during one day. Part A. Build a 95% confidence interval for the average number of people on the server in a day using ratio estimation. Part B. Using ratio estimation, what should the minimum sample size be to be accurate to within 20 units 19 times out of 20? Part C. Suppose you ignored the Minutes built an 95% SRS confidence interval for the mean number of people. Compare your SRS and ratio intervals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

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

Microeconomics and Behavior

Authors: Robert Frank

9th edition

9780077723750, 78021693, 77723759, 978-0078021695

Students also viewed these Mathematics questions

Question

★★★★★

Explain how estimation of service lives can result in unrealistically high carrying values for fixed assets.

Answered: 1 week ago

Question

★★★★★

explain the criteria for effective interventions in general and effective positive interventions in particular;

Answered: 1 week ago

Question

★★★★★

On April 30, the bank reconciliation of Perrin Company shows three outstanding checks: no. 254, $650; no. 255, $720; and no. 257, $410. The May bank statement and the May cash payments journal show...

Answered: 1 week ago

Question

★★★★★

Determine the relationship between Structure A and Structure B in each row of the table. \ table [ ]

Answered: 1 week ago

Question

★★★★★

A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: The company's WACC is 8.5\%.) What is the IRR of the better project? (Hint: The better project may or...

Answered: 1 week ago

Question

★★★★★

A local gym is looking in to purchasing more exercise equipment and runs a survey to find out the preference in exercise equipment amongst their members. They categorize the members based on how...

Answered: 1 week ago

Question

★★★★★

Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of...

Answered: 1 week ago

Question

★★★★★

125. Suppose that people finally realize that they must save a larger proportion of their income in order to retire and that they simultaneously begin to use new technology that allows them to reduce...

Answered: 1 week ago

Question

★★★★★

Mandatory Border Operations meetings are conducted for all employees in the Border Protection Unit every Monday. Employees are not permitted to telework on days when Border Operations meetings are...

Answered: 1 week ago

Question

★★★★★

A small southern West Australian country town has maintained records showing that the daily maximumtemperature during summer (Dec.,Jan.,Feb.) has averaged 30 degree Celsius with a standard deviation...

Answered: 1 week ago

Question

★★★★★

Firm A eBook Firm B Revenues and Costs (thousands of dollars) Revenues and Costs (thousands of dollars) Total Costs 280 Total Revenues 280 Total Revenues Total Costs 24 240 200- 200 Breakeven Point...

Answered: 1 week ago

Previous Question Next Question