7. Last year, 800 American families in Penns ylvania were randomly selected andinterviewed concerning the amount of money they spent last year on home heating oil.The sample results indicated that the amount spent by the 800 families had a mean of$3,600 and a standard deviation of $600.What is the point estimate of the true population mean?How accurate is this point estimate (with 90% certainty)? In other words, calculateb.the 90% margin of crrora.c. Calculate a 90% confidence interval estimate of u

From the given data,Sample size(n)=800, mean=$3600 and standard deviation=$600.

Answered: 7. Last year, 800 American families in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The director of research and development is testing a new drug. She wants to know if there is evidence at the 0.05 level that the drug stays in the system for more than 352 minutes. For a sample of 54 patients the mean time the drug stayed in the system was 360 minutes. Assume the population standard deviation is 25. Find the p-value of the test statistic
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 9 million dollars and a standard deviation of 1.4 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
A half-century ago, the mean height of women in a particular country in their 20s was 62.3inches. Assume that the heights of today's women in their 20s are approximately normally distributed with a standard deviation of 2.25inches. If the mean height today is the same as that of a half-century ago, what percentage of all samples of 29of today's women in their 20s have mean heights of at least 63.41 inches?
Per the Barron's report the average weeks unemployed is 21.5 (population mean) with a population standard deviation of 5 weeks and a sample of 55. Calculate the standard error of the mean to two decimals.
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Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 8 million dollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. 00 0 million dollars X S ? Check acer Q tab esc ! 1 9. a @ 2 W →> S #m 3 X e C d $ LAS 4 C r % 5 f t > < 6 g y & JX b 7 h C n K1300
According to Current Population Reports, the population distribution of number of years of education for self-employed individuals in the United States has a mean of 13.6 and a standard deviation of 3.0. Find the mean and standard error of the sampling distribution of ȳ for a random sample of 9 residents.
1) A half-century ago, the mean height of women in a particular country in their 20s was 63.7 inches. Assume that the heights of today's women in their 20s are approximately normally distributed with a standard deviation of 2.31 inches. If the mean height today is the same as that of a half-century ago, what percentage of all samples of 26 of today's women in their 20s have mean heights of at least 65.04 inches?
In 2011, the mean property crime rate (per 100,000 people) for 10 northeastern regions of a certain country was 2367. The standard deviation was 394. Assume the distribution of crime rates is unimodal and symmetric. What percentage of northeastern regions would you expect to have property crime rates between 1973 and 2761.
What is the z score for 20 if mean =18 and stadnard deviation =0.5

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