Question: Please answer using a computer (typed answers) if possible this makes it easier for me to follow and read the work. Thank You 1- The

Please answer using a computer (typed answers) if possible this makes it easier for me to follow and read the work. Thank You

1- The Internal Revenue Service is studying contributions to charity. The mean calculated from a random sample of 36 returns is $150. Assume that the population standard deviation is known and equal to $20. Construct a 98 percent confidence interval for the population mean.

2- SkyBlue Airways advertises that, on average, its New York to London flight is five hours and 30 minutes. A consumer advocacy group randomly selects ten New York to London flights on SkyBlue and finds that the sample mean is 5.67 hours with a sample standard deviation of 0.57 hour.

a. What is the point estimate of the population mean?

b. Construct a 95 percent confidence interval for the population mean.

c. Is it reasonable for SkyBlue to claim a mean flight time of 5 hours and 30 minutes?

3- A random sample of 100 light bulbs is selected. Sixty were found to burn for more than 1,000hours. Develop a 90 percent confidence interval for the proportion of bulbs that will burn morethan 1,000 hours.

4- A health maintenance organization (HMO) wants to estimate the mean length of a hospital stay. How large a sample of patient records is necessary if the HMO wants to be 99 percent confident of the estimate and wants the estimate to be within plus or minus 0.2 days? An earlier study showed the standard deviation of the length of stay to be 0.25 days

5- A large bank believes that one-third of its checking customers have used at least one of the bank's other services during the past year. How large a sample is required to estimate the actual proportion within a range of plus and minus 0.04? Use the 98 percent level of confidence.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!