According to Business Week, profits in the energy sector have been rising, with one company averaging $3.42
Question:
According to Business Week, profits in the energy sector have been rising, with one company averaging $3.42 monthly per share. Assume this is an average from a population with standard deviation of $1.5. If a random sample of 30 months is selected, what is the probability that its average will exceed $4.00?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Use template Sampling Distributionxls sheet x 342 ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ 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
-
According to Business Week , Maternity Chic, a purveyor of designer maternity wear, sells dresses and pants priced around $150 each for an average total sale of $1,200. The total sale has a normal...
-
When sampling is from a population with standard deviation = 55, using a sample of size n = 150, what is the probability that will be at least 8 units away from the population mean ?
-
For 19851995, production in the energy sector included the quantities shown here. The variables and their units are total nonrenewable energy production (quadrillion Btu), crude oil (million bbl per...
-
Explain what quality management knowledge and skills an auditor should possess when auditing
-
Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are as shown. a. Relative to the consumer surplus that would...
-
Explain the balanced scorecard.
-
What are some of the best practices to manage information security and privacy in terms of procedural, technical, and physical controls?
-
On January 2, 2012, Banno Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2021. Interest on the bonds is payable annually each December 31. The discount on the bonds is also being...
-
Tesla has a capital structure of $75 million debt, $228 million equity, and $303 million in assets. Last year, the company reported a net income of $67 million. What is Tesla's return on equity?...
-
a. How (conceptually) is the discount rate for capital budgeting purposes defined and calculated? Is this number appropriate for analyzing the asset-replacement decision at hand? Why or why not? What...
-
The daily number of visitors to a Web site follows a normal distribution with mean 15,830 and standard deviation 458. The average number of visitors on 10 randomly chosen days is computed. What is...
-
Find five random numbers from 0 to 5,600.
-
With reference to Figure 3.13, find (a) \(P(A \mid B)\); (b) \(P(B \mid \bar{C})\); (c) \(P(A \cap B \mid C)\); (d) \(P(B \cup C \mid \bar{A})\); (e) \(P(A \mid B \cup C)\); (f) \(P(A \mid B \cap...
-
For the following true/false statements regarding concepts and uses of the analysis of variance, indicate whether the statement is true or false and specify what will correct a false statement....
-
Divers increase their spin by tucking in their arms and legs (Figure 11.32). Suppose the outstretched body of a diver rotates at 1.2 revolutions per second before he pulls his arms and knees into his...
-
A woman is rollerblading to work and, running late, rounds a corner at full speed, sharply leaning into the curve (Figure 11.25). If, during the turn, she goes along the arc of a circle of radius...
-
The random variable X follows a Poisson process with = 0.05 and t = 8. Find each of the following: (a) P(3) (b) P(X < 3) (c) P(X 3) (d) P(3 X 5) (e) What are X and X ?
-
A neutron star is the compact remnant of a very large star that has exploded. Suppose that right after one such explosion, when much of the star's inertia has been blasted away, the star's remaining...
-
A study polls 40 new mothers who attempt to nurse their infants from birth to 6 weeks. Twenty-seven mothers report nursing with minimal pain and frustration, 10 mothers report nursing with moderate...
-
A business had revenues of $280,000 and operating expenses of $315,000. Did the business (a) Incur a net loss (b) Realize net income?
-
The data on the following page represent the total compensation for 10 randomly selected chief executive ofcers (CEO) and the companys stock performance in 2009. (a) One would think that a higher...
-
A doctor wanted to determine whether a relation exists between a males age and his HDL (so-called good) cholesterol. He randomly selected 17 of his patients and determined their HDL cholesterol...
-
Researchers wondered whether the size of a persons brain was related to the individuals mental capacity. They selected a sample of right-handed introductory psychology students who had SAT scores...
-
Explain possible advantages and disadvantages of PSL's current international trading strategy (subsidiary in China, export & import and online presence).
-
In November 2020 you entered into four May 2021 long futures contracts for crude oil (1,000 barrels per contract) for $65.00 per barrel. If the futures price was $70.00 per barrel on December 31,...
-
4) Champagne, Inc., had revenues of $13 million, cash operating expenses of $9 million, and depreciation and amortization of $2 million during 2008. The firm purchased $650,000 of equipment during...
Study smarter with the SolutionInn App