What is the average length of a companys policy book? Suppose policy books are sampled from 45
Question:
What is the average length of a company’s policy book? Suppose policy books are sampled from 45 medium-sized companies. The average number of pages in the sample books is 213,and the population standard deviation of48. Use this information to construct a 98% confidence interval to estimate the mean number of pages for the population of medium-sized company policy books.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
n 45 213 48 98 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Question Posted:
Students also viewed these Statistics questions
-
A biologist knows that the average length of a leaf of a certain full-grown plant is 4 inches. The standard deviation of the population is 0.6 inch. A sample of 20 leaves of that type of plant given...
-
What is the average magnitude of the Poynting vector 5.00 miles from a radio transmitter broadcasting isotropically with an average power of 250 kW?
-
A researcher wishes to see if the average length of the major rivers in the United States is the same as the average length of the major rivers in Europe. The data (in miles) of a sample of rivers...
-
Sentry Transport, Inc., of Atlanta provides in-town parcel delivery services in addition to a full range of passenger services. Sentry engaged in the following activities during the current year: a....
-
1. The redesign of the reward system for salespersons at Thrive Networks strengthened teamwork. What factors were operating in the sales environment that supported the use of team rewards? 2. Do you...
-
Four blocks, with masses m1 = 5.60 kg, m2 = 5.40 kg, m3 = 8.00 kg, and m4 = 7.50 kg, are pulled on a horizontal frictionless surface by a 34.0 N force that makes a 39 angle (0) with the horizontal...
-
An approximation to Tukey HSD confidence intervals for mildly unequal sample sizes When the there are only small differences in the sample sizes, an approximation is available. The MSE and its...
-
As a financial consultant at Alexandra Anderson & Co., you and your team have been assigned to work on the WalterCola account, a fortune 500 soft drink beverage producer. Max Prophet, CEO of WC, has...
-
Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units...
-
Salamander Inc. is a food processing company that operates divisions in three major lines of food products: cereals, frozen fish, and candy. On 13 September 20X1, the Board of Directors voted to put...
-
Use the data in Problem 8.53 to construct a 99% confidence interval to estimate the population variance for the number of diapers used during a 24-hour period for one-month-olds. How could...
-
A random sample of small-business managers was given a leadership style questionnaire. The results were scaled so that each manager received a score for initiative. Suppose the following data are a...
-
What does the term restricted agency mean?
-
discuss the ethical considerations surrounding viral research, including issues related to biosecurity, dual-use research of concern, and the responsible conduct of gain-of-function experiments, and...
-
How do phylogenetic networks capture reticulate evolutionary patterns, such as hybridization, gene flow, and introgression, in addition to bifurcating tree structures, and how do network-based...
-
discuss the role of viruses in driving evolutionary processes, including their impact on host genome evolution, genetic diversity of host populations, and co-evolutionary dynamics between viruses and...
-
How do viruses exhibit remarkable genetic diversity and adaptive potential through mechanisms such as mutation, recombination, and reassortment, and what are the implications of viral genetic...
-
If I am arguing with a friend about the hottest place in the United States, which proposition am I arguing? Explain why it is a proposition of fact, value, or policy.
-
In an unhealthy, dusty cement mill, there were 2.6 10 9 dust particles (sp gr = 3.0) per cubic meter of air. Assuming the particles to be spheres of 2.0 m diameter, calculate the mass of dust (a) In...
-
In Exercises 1558, find each product. (9 - 5x) 2
-
Air enters a compressor at \(0.2 \mathrm{Mpa}\) and \(30^{\circ} \mathrm{C}\) having a volume of \(2 \mathrm{~m}^{3} / \mathrm{kg}\) is compressed to 1 Mpa isothermally. Calculate: (i) work down,...
-
Use the following information to construct the confidence intervals specified to estimate . a. 95% confidence for x = 25, = 3.5, and n = 60 b. 98% confidence for x = 119.6, = 23.89, and n = 75 c....
-
1. Explain why it is important to calculate the confidence interval in addition to calculating the point estimate of a population parameter. 2. Explain what being 95% confident that the population...
-
A survey shows that a typical business traveller spends an average of $280 per day in Toronto. This cost includes hotel, meals, car rental, and incidentals. A survey of 60 randomly selected business...
-
The December 31, Year 4, balance sheet for Vernon Corporation is presented here. These are the only accounts on Vernon's balan sheet. Amounts indicated by question marks (?) can be calculated using...
-
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was...
-
n-1 3.) Given the discrete sequence x(n) = (3) u(n - 1) where u is the unit step sequence, do the following: (SHOW ALL WORK) a.) Compute the discrete time Fourier Transform (DTFT) X(w) of x(n). b.)...
Study smarter with the SolutionInn App