A large Midwestern university is interested in estimating th…
A large Midwestern university is interested in estimating the mean time that students spend at the student recreation center per week. A previous study indicated that the standard deviation in time is about 40 minutes per week. If the officials wish to estimate the mean time within ± 10 minutes with a 90 percent confidence, what should the sample size be?
Read DetailsIf we know that the length of time it takes a college studen…
If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a mean of 3.5 minutes and a standard deviation of 1 minute, find the point in the distribution in which 75.8% of the college students exceed when trying to find a parking spot in the library parking lot.
Read DetailsThe following data represent a random sample of bank balance…
The following data represent a random sample of bank balances for a population of checking account customers at a large eastern bank. $2,300 $756 $325 $1,457 $208 $2,345 $1,560 $124 $356 $3,179 $457 $789 $120 $2,760 $998 $508 $210 $789 Using this sample, the mean is found to be $1,069 and the sample standard deviation is $974.0924. Based on these data, what is the 95 percent confidence interval estimate for the true population mean?
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