1. In a sample of 400 textile workers, 184 expressed extreme dissatisfaction regarding a prospective plan...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. In a sample of 400 textile workers, 184 expressed extreme dissatisfaction regarding a prospective plan to modify working conditions. The manager is interested in the proportion of all workers dissatisfied with the plan. Give a %90 confidence interval for the true proportion of all workers dissatisfied with the plan. 2. A cafeteria owner is trying to determine the amount of soft drinks consumed by the customers during the lunch rush on Fridays. He has collected data on the consumed amount (in liters) during a few random day. Using the data below, find a point estimate of the mean for the amount of soft drinks consumed during lunch time on Fridays. Assume that the amounts are normally distributed. 24 27 28 30 34 28 27 24 26. Also give a %95 confidence interval for the average amount of soft drinks consumed by the customers. 1. In a sample of 400 textile workers, 184 expressed extreme dissatisfaction regarding a prospective plan to modify working conditions. The manager is interested in the proportion of all workers dissatisfied with the plan. Give a %90 confidence interval for the true proportion of all workers dissatisfied with the plan. 2. A cafeteria owner is trying to determine the amount of soft drinks consumed by the customers during the lunch rush on Fridays. He has collected data on the consumed amount (in liters) during a few random day. Using the data below, find a point estimate of the mean for the amount of soft drinks consumed during lunch time on Fridays. Assume that the amounts are normally distributed. 24 27 28 30 34 28 27 24 26. Also give a %95 confidence interval for the average amount of soft drinks consumed by the customers.
Expert Answer:
Answer rating: 100% (QA)
1 Dissatisfied workers in percentage 184400 100 046 Satisfied worker... View the full answer
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
Students also viewed these finance questions
-
You plan to save money for a down payment of $43,000 to purchase an apartment. You can only afford to save $1,250 at the end of every quarter into an account that earns interest at 3.94% compounded...
-
An asthma relief drug can be purchased from five different manufacturers in liquid, tablet, or capsule which come in regular or extra-strength versions. How many possible ways can a doctor prescribe...
-
Las normas fundamentales en una auditora realizada de acuerdo con las normas de auditora generalmente aceptadas proveen un marco profesional detallado y aparte donde se le indica al auditor...
-
The read-write head for a hand-held music player has a surface area of 0.04 mm. The head is held 0.04 m above the disk, which is rotating at a constant rate of 1800 rpm. Determine the torque T that...
-
What caused the rise in TB incidence between 1988 and 1994?
-
Calculating OCF Consider the following income statement: Fill in the missing numbers and then calculate the OCF. What is the depreciation tax shield? Sales S876,400 Costs 547,300 128,000 Depreciation...
-
Consider the mean square error criterion for generalized ridge regression. Show that the mean square error is minimized by choosing \(k_{j}=\sigma^{2} / \alpha_{j}^{2}, j=1\), \(2, \ldots, p\).
-
Consider the following hypothesis test: H0: 20 Ha: < 20 A sample of 50 provided a sample mean of 19.4. The population standard deviation is 2. a. Compute the value of the test statistic. b. What...
-
Q13. A stock's historical standard deviation is 15% annualized, computed over the last 60 days. E4711 Prof. Dastidar How would the price of a call option of this stock expiring after the next 90 days...
-
A put option in finance allows you to sell a share of stock at a given price in the future. There are different types of put options. A European put option allows you to sell a share of stock at a...
-
For what values of k does the function y = cos(kt) satisfy the differential equation 121y - -16y? k = (smaller value) (larger value)
-
Major Baker is assessing a Service Member for concussion. Major Baker is at 15B, Months in Reverse Order. The Service Member has just repeated the months in reverse order but missed September. What...
-
Suppose X and Y are binary random variables, each taking the values 0 and 1. If we know that the event X = x is independent of the event Y= y, i.e x 1 y, does it mean that XLY? Give mathematical...
-
You have a 25-year $325,000 mortgage with a 3.25% rate of interest that is compounded semi-annually. Payments are made monthly. How much interest will you pay by the end of year three, up to and...
-
You invest $100 in stock. The share price at the end of each year is recorded as follows. $106, $90, $95. A $4 dividend is paid each year. What is the arithmetic return and the geometric return of...
-
Currently, 5-year annual corporate bonds with an AA rating have an average credit spread of 150 basis points. The yield to maturity of 5-year Treasury annual coupon bonds is currently 0.8%. Estimate...
-
A process uses four machines called A, B, C, and D to produce their two products called X and M. Product X sells for $10 and product M sells for $15. The table shows how long each product is...
-
A woman at a point A on the shore of a circular lake with radius 2 mi wants to arrive at the point C diametrically opposite on the other side of the lake in the shortest possible A time. She can walk...
-
Below are batting averages of the New York Yankees players who were at bat ve times or more in 2006. (a) Construct a frequency distribution. Explain how you chose the number of bins and the bin...
-
The durations (minutes) of 26 electric power outages in the community of Sonando Heights over the past five years are shown below. (a) Make a stem-and-leaf diagram. (b) Make a histogram. (c) Describe...
-
A poker hand (5 cards) is drawn from an ordinary deck of 52 cards. Find the probability of each event, showing your reasoning carefully. a. The first four cards are the four aces. b. Any four cards...
-
Define the "identification" problem in simultaneous equations models.
-
Define the reduced form of a simultaneous equations model and explain its usefulness.
-
Explain why it is acceptable to estimate reduced-form equations by least squares.
Study smarter with the SolutionInn App