An accountant wants to estimate the average amount of an account of a service company. A random
Question:
An accountant wants to estimate the average amount of an account of a service company. A random sample of 46 accounts yields x-bar = $16.50 and s = $2.20. Give a 95% confidence interval for the average amount of an account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
n 46 165 s...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Question Posted:
Students also viewed these Statistics questions
-
A human resources consulting firm wants to estimate the average salary of university graduates with a bachelor's degree in science, and 10 years of working experience, in the Toronto area. A sample...
-
A city planner wants to estimate the average monthly residential water usage in the city. He selected a random sample of 40 households from the city, which gave the mean water usage to be 3415.70...
-
A car manufacturer wants to estimate the average miles-per-gallon highway rating for a new model. From experience with similar models, the manufacturer believes the miles-per-gallon standard...
-
When 12.0 V is applied to a DC motor it rotates at 24 rad/s. The current in the motor is 0.50 A and the "back" emf induced in the motor is 6.0 V. The resistance of the motor will be?
-
Why do most cities in the United States now have more radios but fewer radio repair shops than they did in 1960?
-
Give examples of each of the four primary management activities in the context of a national fast-food chain such as Chipotle.
-
Compensation strategy includes how competitive the organization wants to be, the number of different compensation systems the organization wants to have, the mix of various reward and benefit...
-
A U.S. company has two manufacturing plants, one in the United States and one in another country. Both produce the same item, each for sale in their respective countries. However, their productivity...
-
We have a game of invasion of France by the Allies and defense by the Germans. Both can play C (Calais) or N (Normandy). The following matrix shows the payoffs of each player in utility levels (more...
-
A cast iron, T-type fitting is being produced for the oil drilling industry, using an air-set or no-bake sand for both the mold and the core. A silica sand has been used in combination with a...
-
Citibank Visa gives its cardholders "bonus dollars," which may be spent in partial payment for gifts purchased with the Visa card. The company wants to estimate the average amount of bonus dollars...
-
An art dealer wants to estimate the average value of works of art of a certain period and type. A random sample of 20 works of art is appraised. The sample mean is found to be $5,139 and the sample...
-
Solve each inequality. Graph the solution set, and write it using interval notation. 2x+1> 5 or 2-x>2
-
On a sunny day, a rooftop solar panel delivers 60 W of power to the house at an emf of 17 V. How much current flows through the panel?
-
The resistance of an 8.3-m-long, 0.50-mm-diameter wire is 4.1 . From what material is this wire likely made? A. Copper B. Aluminum C. Iron D. Nichrome
-
A resistor dissipates 0.25 W when current of 20 mA passes through it. How much current would be needed for the resistor to dissipate 0.50 W? A. 28 mA B. 40 mA C. 56 mA D. 80 mA
-
A 1.5 V D-size battery stores 54 kJ of energy. What steady current could this battery provide for 20 h before being depleted?
-
You have three 1.0 k resistors. What are the values of all the equivalent resistances that can be formed using all three of these resistors?
-
You are studying a new screening test. Of the 100 people who do not have a disease, 80 test negative for it with your new screen. Of the 100 people who do have the disease, 90 test positive with your...
-
Prairie Outfitters, Inc., a retailer, accepts paymnent through credit cards. During August, credit card sales amounted to $12,000. The processor charges a 3% fee. Assuming that the credit card...
-
In a Harris poll of 2513 adults, 76% said that they prefer $1 to be in the form of paper currency. a. What is the exact value that is 76% of 2513? b. Could the result from part (a) be the actual...
-
The Associated Press provided an article with a headline stating that ATV accidents killed 704 people in the last year. The article noted that this is a new record high and compares it to 617 ATV...
-
The Newport Chronicle ran a survey by asking readers to call in their response to this question: Do you support the development of atomic weapons that could kill millions of innocent people? It was...
-
How do you prioritize features and attributes when designing a new product or service? What steps should be taken to ensure that the design process aligns with the organization's overall strategy and...
-
Information that does not have an adjustment reason code to route payments into the correct bank accounts to relay about patient benefit coverage to indicate the amount being paid and the date of...
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
Study smarter with the SolutionInn App