A random sample of 36 drivers used on average 749 gallons of gasoline per year. If the
Question:
A random sample of 36 drivers used on average 749 gallons of gasoline per year. If the standard deviation of the population is 32 gallons, find the 95% confidence interval of the mean for all drivers. If a driver said that he used 803 gallons per year, would you believe that?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
x 749 32 7385 7595 or 739 ...View the full answer
Answered By
Ashish Bhalla
I have 12 years work experience as Professor for Accounting, Finance and Business related subjects also working as Online Tutor from last 8 years with highly decentralized organizations. I had obtained a B.Com, M.Com, MBA (Finance & Marketing). My research interest areas are Banking Problem & Investment Management. I am highly articulate and effective communicator with excellent team-building and interpersonal skills; work well with individuals at all levels.
4.80+
17+ Reviews
46+ Question Solved
Related Book For
Elementary Statistics A Step By Step Approach
ISBN: 9781259755330
10th Edition
Authors: Allan G. Bluman
Question Posted:
Students also viewed these Mathematics questions
-
For a random sample of 36 data pairs, the sample mean of the differences was 0.8. The sample standard deviation of the differences was 2. At the 5% level of significance, test the claim that the...
-
A random sample of 36 observations has been drawn from a normal distribution with mean 50 and standard deviation 12. Find the probability that the sample mean is in the interval47 < X < 53.
-
In light of a recent large corporation bankruptcy, auditors are becoming increasingly concerned about the possibility of fraud. Auditors might be helped in determining the chances of fraud if they...
-
Refer to the adjusted trial balance for Romney's Marketing Company in M4-8. Prepare the closing entry at the end of the current year. M4-8 Romney's Marketing Company has the following adjusted trial...
-
1. Using the following selected accounts of Ramirez Electrical, Inc., at November 30, 2016, prepare the entity's closing entries: 2. What is Ramirez Electrical, Inc.'s ending Retained Earnings...
-
How do the management assertions relate to the objectives of attributes sampling?
-
What type of exploratory research design (observation, projective technique, in-depth interview, focus group, case study, ethnography, netnography, ZMET) would you suggest for each of the following...
-
In our discussion of labor market pooling, we stressed the advantages of having two firms in the same location: If one firm is expanding while the other is contracting, its to the advantage of both...
-
h. A U.S. Treasury note with a face value of $1000 pays interest semiannually at matures in three years. If the coupon rate is 4% and the bond equivalent yield is 5%, find the price of the note.
-
Jennings Inc. reported the following pretax income (loss) and related tax rates during the years 2019?2022. Pretax financial income (loss) and taxable income (loss) were the same for all years since...
-
The number of grams of carbohydrates in various commercially prepared 7-inch subs is recorded below. The population standard deviation is 6.46. Estimate the mean number of carbs in all similarly...
-
How large a sample is needed to estimate the population mean for the amount of money a person spends on Christmas presents within $2 and be 95% confident? The standard deviation of the population is...
-
Calculate basic EPS, and explain the EPS effect of convertible preferred Thrifty Co. reported net income of $191,150 for its fiscal year ended January 31, 2017, At the beginning of that fiscal year....
-
Why is the " Employee Value Proposition an essential concept for employers and employees?
-
The topic for my literature review is Global Staffing, Recruitment and Selection. I need assistance finding academic 10 academic journal articles (with some dated after 2020). Will also need to refer...
-
describe how you would respond in an attempt to resolve the problem: Job changes are fairly common in the organization, but a supervisor learns through the grapevine that she is going to be replaced...
-
Newman has promised to pay all of it retained earnings as dividend in the amount of $12,000 over the next three years and then shut down (plan A). If the required rate of return on its common stock...
-
Cost of sales for the year ended June 30, 2020 $ 510,000 Inventory balance on June 30, 2019 125,000 Inventory balance on June 30, 2020 165,000 Based on the values given above, what would...
-
Name and describe the five traditional recruitment tools companies have used to identify and attract employees. What are the disadvantages of such tools in light of new online sites?
-
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
-
For Exercises determine whether an observational study or an experimental study was used. Subjects are randomly assigned to three groups. Group 1 receives a placebo daily, group 2 receives a high...
-
For Exercises, determine whether descriptive or inferential statistics were used. In 2010, a total of 68,905 people died from diabetes.
-
For Exercises determine whether the data are discrete or continuous. Heights of basketball players on a local high school team
-
1. Develop a definition for the Triple C model of project management. 2. List some of the factors that can impede the flow of information for project planning purposes. How can these factors be...
-
The Meat Mart has $900,000 in net income. The firm has 200,000 shares of stock outstanding. The market price per share is $76. What is the PE (price to earnings) ratio?
-
Cost of Goods Manufactured for a Manufacturing Company The following information is available for Fuller Manufacturing Company for the month ending January 31: Cost of direct materials used in...
Study smarter with the SolutionInn App