a. Determine the sample size required to estimate a population mean to within 10 units given that
Question:
a. Determine the sample size required to estimate a population mean to within 10 units given that the population standard deviation is 50. A confidence level of 90% is judged to be appropriate.
b. Repeat part (a) changing the standard deviation to 100.
c. Re-do part (a) using a 95% confidence level.
d. Repeat part (a) wherein we wish to estimate the population mean to within 20 units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
a 68 b 2...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
Students also viewed these Statistics questions
-
Determine the smallest sample size required to estimate the population mean under the following specifications: a. e = 2.4, confidence level = 80% , data between50 and 150 b. e = 2.4, confidence...
-
Calculate the smallest sample size required to estimate the population mean under the following specifications: a. confidence level 95%, = 16, and e = 4 b. confidence level 90%, = 23, and e = 0.5...
-
We want to estimate the population mean within 5, with a 99 percent level of confidence. The population standard deviation is estimated to be 15. How large a sample is required? Here is the answer...
-
The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
-
For the inflation rate and GDP growth from Exercise 5, find the best ARMA model for the conditional mean, is the ARMA that you have found. Then, the conditional variance is Given this expression,...
-
Why are tax-free subsidiary sales relatively uncommon?
-
What should we do if there is more than one primary actor for the use case?
-
Pixel Graphics is a graphics arts design consulting firm. Marcie Biel, its treasurer and vice president of finance, has prepared a classified balance sheet as of August 31, 2010, the end of its...
-
Maxey & Sons manufactures two types of storage cabinets-Type A and Type B-and applies manufacturing overhead to all units at the rate of $128 per machine hour. Production information follows....
-
Gauntlet Gyms Inc. owns athletic training facilities and camping grounds, which it leases to corporate clients, educational institutions, and other non-governmental organizations. The Xavier...
-
a. Given the following information, determine the 90% confidence interval estimate of the population mean using the sample median. Sample median = 500, = 12, and n = 50 b. Compare your answer in...
-
a. A statistics practitioner would like to estimate a population mean to within 50 units with 99% confidence given that the population standard deviation is 250. What sample size should be used? b....
-
An airborne radar is flying at a constant altitude \(h\) and velocity \(v\). It uniformly searches the ground as shown in the figure below. The antenna radiation pattern is given by \[ F(\theta,...
-
Using a financial calculator, determine the future value of $5,000 invested at 12 percent for 40 years with annual compounding. What rate of interest would result in the same future value if the...
-
Calculate the total 2011 tax liability for a single parent of one dependent child with a gross income of$46,250, no salary reductions for employer provided benefits, and no itemized deductions.
-
As a foundation for your financial planning, visit the U.S. Department of Labor Career Guide to Industries at www.bls.gov/oco/cg to determine the earnings, benefits, and employment outlook for a...
-
Locate at least three different Web sites with net worth calculators. Compare and contrast the listings of assets and liabilities. Do any of the calculators offer guidelines for interpreting results?...
-
Talk to your parents about their taxes. Do they follow any of the five tax reduction strategies presented in this chapter? Talk to them about the benefit of following one or more of these strategies....
-
Suppose all taxpayers were like you, and the IRS wished to raise a fixed tax revenue. Would it be wise to offer the Roth IRA option?
-
Use critical values to test the null hypothesis H0: 1 2 = 20 versus the alternative hypothesis H0: 1 2 20 by setting a equal to .10, .05, .01, and .001. How much evidence is there that the...
-
Adventure Gaming collects cash from subscribers in advance and then provides online games to subscribers over a one-year period. Requirements 1. Record the journal entry to record the original...
-
Consider a hypergeometric probability distribution with n = 3, R = 5, and N = 9. Calculate the following probabilities: a. P(x = 0) b. P(x > 1) c. P(x < 3) d. Calculate the mean and standard...
-
An urn contains six blue balls and eight yellow balls. If four balls are selected randomly without being replaced, what is the probability that of the balls selected, three of them will be blue and...
-
I find a bowl of Christmas M& Ms (only red and green) that Deb has hidden from me in the house one day. I quickly grab a handful before being caught. Before shoving them into my mouth to get rid of...
-
Rewrite the Roman numeral using the least number of symbols possible and the subtractive principle where applicable?
-
Determine, with justification, the smallest possible average of a set whose elements are distinct positive integers that includes the integer 200.
-
This study is for students joining University who are not living in the region. Suppose that a student will join the University next semester and wants to choose between renting a one-bedroom...
Study smarter with the SolutionInn App