Question

2. You wish to estimate the mean winning time for the Boston Marathon Women’s Open Division...

2. You wish to estimate the mean winning time for the Boston Marathon Women’s Open Division champions. The estimate must be within 0.5 hour of the population mean. Determine the minimum sample size required to construct a confidence interval for the population mean. Assume the population standard deviation is 0.15 hour.

3. From a random sample of 37 business days from February 24, 2016, through February 24, 2017, the mean closing price of Apple stock was . Assume the population standard deviation is . Use this information to construct a confidence interval for the population mean.

Critical Value Margin of Error Interval

Homework Answers

Answer #1

ANSWER

------------------------------------

DEAR STUDENT,

IF YOU HAVE ANY QUERY ASK ME IN THE COMMENT BOX,I AM HERE TO HELPS YOU.PLEASE GIVE ME POSITIVE RATINGS

*****************THANK YOU***************

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A random sample of 24 observations is used to estimate the population mean. The sample mean...
A random sample of 24 observations is used to estimate the population mean. The sample mean and the sample standard deviation are calculated as 104.6 and 28.8, respectively. Assume that the population is normally distributed. Construct the 90% confidence interval for the population mean. Then, construct the 95% confidence interval for the population mean. Finally, use your answers to discuss the impact of the confidence level on the width of the interval.
You wish to estimate the population mean amount of time in hours it takes to repair...
You wish to estimate the population mean amount of time in hours it takes to repair a device. You want to be 90% confident that the sample mean is within 1.25 hours of the population mean. Assume that the population standard deviation 4.7 hours. What is the minimum sample size needed?
Consider a population having a standard deviation equal to 9.94. We wish to estimate the mean...
Consider a population having a standard deviation equal to 9.94. We wish to estimate the mean of this population. (a) How large a random sample is needed to construct a 95% confidence interval for the mean of this population with a margin of error equal to 1? (Round your answer to the next whole number.) The random sample is             units. (b) Suppose that we now take a random sample of the size we have determined in part a. If we...
) A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.15...
) A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.15 inch. Determine the minimum sample size required to construct a 99% confidence interval for the population mean. Assume that the population standard deviation is 0.5 inch.    The sample mean is 27.5 inches. With a sample size of if 84, a 99% level of confidence, and a population standard deviation of 0.5inch, does it seem possible that the population mean could be less than...
A random sample of 20 observations is used to estimate the population mean. The sample mean...
A random sample of 20 observations is used to estimate the population mean. The sample mean and the sample standard deviation are calculated as 152 and 74, respectively. Assume that the population is normally distributed. What is the margin of error for a 95% confidence interval for the population mean? Construct the 95% confidence interval for the population mean. Construct the 90% confidence interval for the population mean. Construct the 78% confidence interval for the population mean. Hint: Use Excel...
A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.15 inch....
A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.15 inch. a. Determine the minimum sample size required to construct a 99% confidence interval for the population mean. Assume that the population standard deviation is 0.5 inch. b. The sample mean is 27.5 inches. With a sample size of if 84, a 99% level of confidence, and a population standard deviation of 0.5inch, does it seem possible that the population mean could be less than...
You want to estimate the mean time college students spend watching online videos each day. The...
You want to estimate the mean time college students spend watching online videos each day. The estimate must be within 2 minutes of the population mean. Determine the required sample size to construct a 99% confidence interval for the population mean. Assume that the population standard deviation is 4.4 minutes. Leave as an integer.
Assume that you want to construct a​ 95% confidence interval estimate of a population mean. Find...
Assume that you want to construct a​ 95% confidence interval estimate of a population mean. Find an estimate of the sample size needed to obtain the specified margin of error for the​ 95% confidence interval. The sample standard deviation is given below. Margin of errors=​$6​, standard deviation=​$22 The required sample size is __
we wish to estimate the mean salary of all 649 employees at a certain company. Assume...
we wish to estimate the mean salary of all 649 employees at a certain company. Assume it is known that the standard deviation of all employee salaries is $3780. A SRS of 49 employees shows a sample mean salary of $26,700 and a sample standard deviation of $3910 A)what is the population? _____ what is the variable of interest and is it quantitative or qualitative? _______ B)Find a 95% confidence interval for the mean salary of all 649 employees. ______...
You are given the sample mean and the population standard deviation. Use this information to construct...
You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 45 business​ days, the mean closing price of a certain stock was ​$116.70. Assume the population standard deviation is ​$11.02. The​ 90% confidence interval is ​( ​, ​). Construct the indicated confidence interval for the population mean μ...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT