2. IOP create billions of dollars of new wealth for owners, managers, and employees of companies that were previously privately owned. Nevertheless, hundreds of large and thousands of small companies remain privately owned. The revenues of a random sample of 15 firms from Forbes 441 Largest Private Companies list is given in the table below: COMPANY REVENUE Enterprise FlyingJ 13.1 14.32 Tenaska 11.6 Wawa 5.05 Ergon 4.49 Brookshire 2.2 BrightStar 3.66 Bose 2.18 MaryКay 2.4 LLBean 1.62 RoomToGo 1.75 SAS 2.15 BlueTee 1.1 Printpack 1.36 USOil 2.19 a. Describe the population from which the random sample was drawn. b. Use a 98% confidence interval to estimate the mean revenue of the population of companies in questions.
2. IOP create billions of dollars of new wealth for owners, managers, and employees of companies that were previously privately owned. Nevertheless, hundreds of large and thousands of small companies remain privately owned. The revenues of a random sample of 15 firms from Forbes 441 Largest Private Companies list is given in the table below: COMPANY REVENUE Enterprise FlyingJ 13.1 14.32 Tenaska 11.6 Wawa 5.05 Ergon 4.49 Brookshire 2.2 BrightStar 3.66 Bose 2.18 MaryКay 2.4 LLBean 1.62 RoomToGo 1.75 SAS 2.15 BlueTee 1.1 Printpack 1.36 USOil 2.19 a. Describe the population from which the random sample was drawn. b. Use a 98% confidence interval to estimate the mean revenue of the population of companies in questions.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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