A random sample of 60 business students required an average of 50.7 minutes to complete a statistics

Fantastic news! We've Found the answer you've been seeking!

Question:

A random sample of 60 business students required an average of 50.7 minutes to complete a statistics exam. Assume that the population standard deviation to complete the exam is 10.4 minutes.

1.Calculate the margin of error if the confidence level is 98%.

Related Book For answer-question

Introduction To Statistics And Data Analysis

ISBN: 9780495118732

3rd Edition

Authors: Roxy Peck, Chris Olsen, Jay L. Devore

See More Books

Posted Date: Mar 01, 2024 06:28 AM

See More Questions

1. Referring to sheet Topic 1Interval Estimates in the data file answer the following questions. A. Based on the sample of 50 students, calculate the point estimate for the average $ that students...
Ideal Bureaucracies describe Webers ideal characteristics of bureaucracy. Consider the bureaucracies that you come in contact with (college, work, IRS, medical offices, or the Post Office). In your...
The Sledge Tire and Rubber Company plans to warranty its new mountain bike tire for 12 months. However, before it does this, the company wants to be sure that the mean lifetime of the tires is at...
The management of Mecca Copy, a photocopying centre located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances...
A psychologist noted that people have more difficulty sleeping in a bright room than in a dark room. She measured whether the intensity of the light could predict the time it took a sample of four...
Ralston was injured when she fell down a church stairway. Matthew, agent for the company that insured the church, promised Ralston that the insurance company would pay her hospital and medical...
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per $$100$ of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
Thumbtacks March 31, 2012, budgeted balance sheet follows: The budget committee of Thumbtack Office Supply has assembled the following data. a. Sales in April were $40,000. You forecast that monthly...
Explain data definition language (DDL). How is it different from data manipulation language (DML)?
Which leadership concepts and models are most illustrative of how Steve Jobs led? Which leadership concepts and models are most illustrative of how Tim Cook leads now?
Find the equation of the line defined by Y that yields the given table of points. Give the equation in slope-intercept form. X Y y=0 -9 - 43 -8 - 36 -7 - 29 -6 - 22 -5 - 15 -4 -8 - 3 -1 RECCH
In May 2020, currency was $1,824 billion; demand deposits were $2,126 billion; other liquid deposits were $12,234 billion; small denomination time deposits were $466 billion; and retail money market...
Barton signed a promissory note promising to pay to the order of Scott Hudgens Realty & Mortgage, Inc., the sum of $3,000. The note stated, This amount is due and payable upon evidence of an...
Ingram went to a used car lot in a large city and bought a used car. On his way home from the lot, the car that he had purchased broke down. The engine stopped running altogether. The used car lot...
What is the central bank of the United States and what functions does it perform?
Retail Workforce Could Face Permanent Decline The pandemic has caused seismic changes for the retail industry. Many stores permanently closed their doors as growing numbers of customers shifted to...
P1-5B The amounts of the assets and liabilities of Harada Office Cleaning as of December 31, 2020, and the revenues and expenses of the company for the year ended on December 31, 2020, appear below....
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
An investigation carried out to study purchasers of luxury automobiles reported data on a number of different attributes that might affect purchase decisions, including comfort, safety, styling,...
Open the applet (available in Thomson NOW at www.thomsonedu.com/login) called Confidence Intervals. You should see a screen like the one shown. Getting Started: If the Method box does not say Means,...
The article Heavy Drinking and Problems Among Wine Drinkers (Journal of Studies on Alcohol [1999]: 467471) analyzed drinking problems among Canadians. For each of several different groups of...
Two-dimensional surfaces that can be made by rolling up a sheet of paper are called developable surfaces. Find the geodesic equations on the following developable surfaces and solve the equations....
Using Euler's equation for $y(x)$, prove that This equation provides an alternative method for solving problems in which the integrand $f$ is not an explicit function of $x$, because in that...
The time required for a particle to slide from the cusp of a cycloid to the bottom is $t=\pi \sqrt{a / 2 g}$. Show that if the particle starts from rest at any point other than the cusp, it will...

A random sample of 60 business students required an average of 50.7 minutes to complete a statistics

Question:

Expert Answer:

To calculate the margin of error we first need to ca... View the full answer

Introduction To Statistics And Data Analysis

Students also viewed these economics questions