Determine the sample size necessary to estimate for the following information. a. = 36 and
Question:
Determine the sample size necessary to estimate µ for the following information.
a. σ = 36 and E = 5 at 95% confidence
b. σ = 4.13 and E = 1 at 99% confidence
c. Values range from 80 to 500, error is to be within 10, and the confidence level is 90%
d. Values range from 50 to 108, error is to be within 3, and the confidence level is 88%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
a 36 E 5 95 Confidence z 025 196 n 19915 Sample 200 b 413 E ...View the full answer
Answered By
Shristi Singh
A freshman year metallurgy and material science student in India.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
Students also viewed these Statistics questions
-
Determine the sample size necessary to estimate for the following information. a. = 36 and E = 5 at 95% confidence b. = 4.13 and E = 1 at 99% confidence c. Values range from 80 to 500, error is to...
-
Determine the sample size necessary to estimate a population proportion to within .03 with 90% confidence assuming you have no knowledge of the approximate value of the sample proportion.
-
a. Determine the sample size necessary to estimate a population mean to within 1 with 90% confidence given that the population standard deviation is 10. b. Suppose that the sample mean was calculated...
-
Examine the articles reproduced below and consider how the five C's discussed in the course have application in the present coronavirus pandemic. "To the extent that an environment characterized by...
-
The figure shows vectors u, v, and w, along with the images T(u) and T(v) under the action of a linear transformation T :. Copy this figure carefully, and draw the image T(w) as accurately as...
-
Why would you purchase the assets of a business instead of buying the shares?
-
What makes indirect benefits so difficult to include in a CBA? What techniques might be used?
-
The Kentucky Derby is perhaps the premier event in U.S. horse racing. For each of the following examples from the derby, identify the type of variablenominal, ordinal, or scale. a. As racing fans, we...
-
An investment portfolio began at $1,000,000, but has a current value of $782,655.71 with a standard deviation of 5 and a risk free ratio of 3.13%. 1. Calculate the Sharpe and Information Ratios and...
-
The click throughs obtained for Eltronix Inc during an eight-week period are provided in the table below. Eltronix ran a branded keyword search campaign in the first four weeks at a CPC of $0.15....
-
Suppose a random sample of 14 people 3039 years of age produced the household incomes shown here. Use these data to determine a point estimate for the population variance of household incomes for...
-
Determine the sample size necessary to estimate p for the following information. a. E = .02, p is approximately .40, and confidence level is 96%. b. E is to be within .04, p is unknown, and...
-
Almost three years ago, Forrest purchased shares in Numera Canadian Equity Fund, a back-end load mutual fund. Forrests investment is currently worth $34 400. He has decided that he would like to sell...
-
These team members use all inventory systems extensively, will need "super-user" privileges and will need to understand all system functions listed below. This includes the Receiving and Distribution...
-
McKinsey Article, "How Great Supply Chain Organizations Work", describe, and explain the four (4) degrees (categories) of centralization that has become accepted practice in supply chain organization...
-
Discuss what's the difference between the following and their specific purposes: Product road mapping Product release planning Product backlog planning
-
Discuss how you would decide on the routing, taking into account safety, cost and geography. Include the following in your discussion Prepare a loading and transportation schedule, incorporating...
-
Give rationale of why change management is so difficult for most people Also explain why decision-making is difficult for some people give detailed responses preferably several paragraphs
-
What is the difference between revolution and rotation with respect to the Earths motion in space?
-
In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?
-
Describe the characteristics of a mature industry. What is the primary opportunity for new firms in a mature industry?
-
An entrepreneur opened a small hardware store in a strip mall. During the first few weeks, business was slow, with the store averaging only one customer every 20 minutes in the morning. Assume that...
-
According to an NRF survey conducted by BIG research, the average family spends about $237 on electronics (computers, cell phones, etc.) in back-to-college spending per student. Suppose...
-
According to the U.S. Department of Agriculture, Alabama egg farmers produce millions of eggs every year. Suppose egg production per year in Alabama is normally distributed, with a standard deviation...
-
How crucial is it to understand the many sorts of speech contexts on a daily basis? Give one specific example. Here are the types of speech context: 1. Public Communication 2. Small Group...
-
Enmebaragesi of Kish, Inc. has sales of $282,000, cost of goods sold of $206,000, depreciation of $4,200, and interest expense of $22,000. The tax rate is 30.8 percent. What is the times interest...
-
Inkishush and Company has a book value per share of $10.35, earnings per share of $2.23, and a price-earnings ratio of 19.4. What is the market-to-book ratio?
Study smarter with the SolutionInn App