A local bank needs information concerning the savings account balances ofits customers. A random sample of 15 accounts was checked. The meanbalance was $686.75 with a standard deviation of $256.20. Find a 98%confidence interval for the true mean. Assume that the account balances arenormally distributed.LowerRound to hundredths if necessary. Do notinclude a dollar sign in your answer.Upper =Round to hundredths if necessary. Do notinclude a dollar sign in your answer.

We have given that, Sample mean (x̄) = 686.75, standard deviation (s) = 256.20 and sample size (n)…

Answered: A local bank needs information…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The tallest living man at one time had a height of 243 cm. The shortest living man at that time had a height of 127.5 cm. heights of men at that time had a mean of 170.52 cm and a standard deviation of 6.62. Which of these two men had the height that was more extreme? Use z scores
The heights of adult men in America are normally distributed, with a mean of 69.6 inches and a standard deviation of 2.67 inches. The heights of adult women in America are also normally distributed, but with a mean of 64.1 inches and a standard deviation of 2.51 inches. What percentage of men are SHORTER than 72 inches? Round to nearest tenth of a percent. What percentage of women are TALLER than 62 inches? Round to nearest tenth of a percent.
In a survey of women in Canada, the mean height was 65 inches with a standard deviation of3 inches. What height represents the 90th percentile?
Please answer all. Thank you. A national random sample of 20 NCAE Scores from 2010 is listed below. 29,26,13,23,23,25,17,22,17,19 12,26,30,30,18,14,12,26,17,18 Calculate the 95 percent confidence interval for the mean NCAE score if the sample standard deviation is about 5.9407. A.) between 18.22 and 23.48 B.) between 18.07 and 23.63 C.) between negative infinity and 23.15 D.) between negative infinity and 23.05 The value of z selected for constructing a given confidence interval is called A.) confidence B.) error C.) student D.) critical value
What if a professor returned an assignment to you and your assignment had a standard deviation score of 10 and the professor told you that the class mean was 80. What would be your assignment score if your percentile is 90.5
An incoming MBA student took placement exams in economics and mathematics. In economics, she scored 82 and in math 89. The overall results on the economics exam had a mean of 70 and a standard deviation of 7, while the mean math score was 69, with a standard deviation of 10. On which exam did she do better compared with the other students?
Jessica, the owner of a medium-scale native handicrafts shop, knows from experience that the time needed to assemble a piece of handicraft is normally distributed with a mean of 130 minutes and a standard deviation of 15 minutes. Above how many minutes were the slowest 15% of the assembly times. Find the closest answer.
Parents of teenage boys often complain that auto insurance costs more, on average, for teenage boys than for teenage girls. A group of concerned parents examines a random sample of insurance bills. The mean annual cost for 36 teenage boys was $672. For 23 teenage girls, it was $559. From past years, it is known that the population standard deviation for each group is $180. Determine whether or not you believe that the mean cost for auto insurance for teenage boys is greater than that for teenage girls. Conduct a hypothesis test at the 5% level. State the distribution to use for the test. (Round your answers to two decimal places.) What is the test statistic? (If using the z distribution round your answer to two decimal places, and if using the t distribution round your answer to three decimal places.) What is the p-value? (Round your answer to four decimal places.) i. ii. ii.
Assume that the mathematics scores on the SAT are normally distributed with a mean of 500 and a standard deviation of 100. What percent of students who took the test have a mathematics score between 590 and 640? FAUTE E CEL Click here to view page 1 of the standard normal table. Click here to view page 2 of the standard normal table. a S ........ % of students who took the test have a mathematics score between 590 and 640. (Round to two decimal places as needed.).
A different I/O psychologist wants to know if there is a difference in worker evaluations depending if the employee is a male or female. A group of managers were recruited and each rated both 15 men and 15 women employee evaluations on a scale of 0-10. The ratings on the worker evaluations were recorded for each manager. Which statistical test would be best to determine if there is a significant difference between groups? one-sample t-test dependent samples t-test ANOVA
If you feel the answer is none of the choices given. Just write it out. Please write in print or text. I can’t understand cruive
A business school dean in Ohio wants to know if graduates who completed an internship during their undergraduate years earn more than business undergraduates who do not complete an internship while in college. Based on national survey from 1,500 business alumni with less than six years of work experience, they earn on average $50,970 with a standard deviation of $12,976. Business alumni from the Ohio school who completed internships on average earned $53,497. The dean wants you to be 96% confident in your results. a. State in statistical terms the null and alternative hypotheses. b. Determine the appropriate test statistic (z or t). c. Determine the critical value(s). d. Compute the test statistic. e. Make a decision on the hypotheses. (which hypothesis is correct?) f. Determine the p-value for the test statistic.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS