The time taken for a sample of eight pieces of equipment to do a task has a
Question:
The time taken for a sample of eight pieces of equipment to do a task has a mean of 52 minutes and a standard deviation of 18 minutes. What is the 90% confidence interval for the mean time of all the equipment to do the task? What is the 95% confidence interval? If the same results had been found from a sample of 20 pieces of equipment, what would be the 95% confidence interval? What would be the result if a Normal distribution had been used?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Here we have n 8 x 52 and s 18 For a sample of 8 we use a tdistribu...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
The daily car rental rates for a sample of eight cities follow. City Daily Car Rental Rate ($) Atlanta ..............47 Chicago .............50 Dallas .............53 New Orleans ..........45 Phoenix...
-
The following histogram shows the distribution for a sample of data:
-
The frequency distribution shows the ages for a sample of 100 employees. Find the expected frequencies for each class to determine if the employee ages are normally distributed. Class boundaries...
-
Craps is a dice game in which two fair dice are cast. If the roller shoots a 7 or 11 on the rst roll, he or she wins. If the roller shoots a 2, 3, or 12 on the rst roll, he or she loses. (a) Compute...
-
Find each limit. (a) limx sec-1x (b) limx- sec-1x
-
Please conduct an example of an event study in Excel with explanations of the steps to achieve the intercept, slope, AR, 1+AR, and CAR. I have provided some documents
-
What characteristics of effective work teams must be in place to make this tour so successful?
-
The income statements for Home Depot, Inc. (HD) spanning the period 20062008 (just before the housing crash, so these are representative years) are as follows: a. Calculate the times interest earned...
-
Beagle Beauties engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look glamorous. Below you will find selected information necessary to compute some...
-
A 16-station transfer line can be divided into two stages by installing a storage buffer between stations 8 and 9. The probability of failure at any station is 0.01. The ideal cycle time is 1.0 min...
-
A survey of 20 items in a sales ledger has a mean value of 100 and standard deviation of 20. What is the 95% confidence interval for the population of items? What is the 99% confidence interval?
-
For small samples we have to use the t-distribution instead of the Normal distribution. How would you describe - and measure - the differences between these two distributions?
-
Create the logic for a Magic 8 Ball game in which the user enters a question such as What does my future hold? The computer randomly selects one of eight possible vague answers, such as It remains to...
-
Referring to the Altex Corporation case study, why was a risk management plan considered unnecessary? Referring to the Altex Corporation case study, How effective will the risk management plan be if...
-
I am a new employee in your marketing department and have never heard of CRM. Educate me by discussing what CRM is as both a noun and a verb, what we use CRM tools for, what the benefits of using a...
-
The Intercultural Briefing * helps them strengthen the workplace culture in New Zealand. Realizing that they must work with Filipinos and Germans across cultures, they want to make suggestions on how...
-
Talent Acquisition and Interviews: Include appropriate citations and at least 3 references to support your response. Narrowing a pool of candidates can be difficult. The hiring manager must evaluate...
-
Prior to working on this discussion forum, read the article Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence Download Organizational Life Cycles and...
-
Use equation (3) to evaluate P(E) for n = 4. Equation 3
-
An auto-parts manufacturer is considering establishing an engineering computing center. This center will be equipped with three engineering workstations each of which would cost $25,000 and have a...
-
Refer to the following tree diagram for a two-stage experiment. Find the probabilities in Problems 7-12. (Round your answers in Problems 11 and 12 to the nearest hundredth.) \(P(B \mid E)\) A B E E E...
-
This problem requires a basic understanding of the normal probability distribution. Investors are often interested in knowing the probabilities of poor returns. For example, for what cutoff return...
-
Options are popular instruments in the world of finance. A call option on a stock gives the owner the right to buy the stock at a predetermined price before the expiration date of the option. For...
-
Options are popular instruments in the world of finance. A call option on a stock gives the owner the right to buy the stock at a predetermined price before the expiration date of the option. For...
-
Let F be a field. Two variations of the ring of polynomial over F are the ring of formal power series F[[X]] and the ring of formal Laurent series F((X)) defined as follows: and F[[X]] = {a0 + aX +...
-
Managers are oftentimes overwhelmed with their day-to-day activities and postpone important aspects of their jobs, including performance appraisals. What is the purpose of performance appraisals...
-
Performance appraisal systems are used to attain several different objectives.' Define what performance appraisal systems are and list a number of the objectives of the performance appraisal systems.
Study smarter with the SolutionInn App