An ethanol raikoad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural association publishes tariff rates for rairoad-car shipments of ethanol. Assuming that the standard deviation of such tariff rates is $1050, determine the probability that the mean tariff rate of 550 randomly selected railroad-car shipments of ethanol will be within $90 of the mean tariff rate of all railroad-car shipments of ethanol Interpret your answer in terms of sampling error. The probability is (Round to three decimal places as needed)
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- The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…Newborn babies: A study conducted by the Center for Population Economics at the University of Chicago studied the birth weights of 752 babies born in New York. The mean weight was 3176 grams with a standard deviation of 840 grams. Assume that birth weight data are approximately bell-shaped. Estimate the number of newborns who weighed between 1496 grams and 4856 grams. Round to the nearest whole number. The number of newborns who weighed between 1496 grams and 4856 grams isThe average McDonald's restaurant generates $2.4 million in sales each year with a standard deviation of 0.7. Carissa wants to know if the average sales generated by McDonald's restaurants in New Mexico is different than the worldwide average. She surveys 18 restaurants in New Mexico and finds the following data (in millions of dollars): 2.1, 2, 2.9, 1.7, 1.8, 2.3, 2.1, 2.1, 3.3, 1.4, 1.6, 1.4, 1.4, 2.3, 2.6, 2.7, 2.7, 1.7 Perform a hypothesis test using a 8% level of significance. Step 1: State the null and alternative hypotheses. Ho: pv 2.4 Ha: Ev 2.4 (So we will be performing a two-tailed test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are normally distributed v with and distribution standard deviation distribution mean Step 3: Find the p-value of the point estimate. P(zv [ p-value = Step 4: Make a Conclusion About the…
- Based on data from the 2000 Census the average age of a Baldwin County, Alabama resident is 39 years with a standard deviation of 22. 6 . The data is normally distributed. The median age, in years, is: Group of answer choices 23 29 39 2060% of all the students passed an exam. If a random sample of 10 students is selected, What is the mean and the standard deviation ?Suppose the average credit card debt for Americans is $7000 and is not normallydistributed with a standard deviation of $2400. If we sample 40 Americans, find the probabilitythat the sample mean of credit card debt is less than $6500.
- The scores of individual students on the American College Testing (ACT), a college readiness assessment, have a Normal distribution with a mean of 18.6 and a standard deviation of 6.0. At Northside High, 36 seniors take the test. Assume the scores at this school have the same distribution as national scores. What is the mean of the sampling distribution of the sample mean score for a random sample of 36 students? 0 1 0 6The income of trainess at a local mill are normally distributed with a mean of $1100 and a standard deviation of $150. What percentage of trainees earn less than $900 a month?The monthly earnings of computer systems analysts are normally distributed with a mean of $4,300. If the probability that a systems analyst earns a monthly income of more than $6,140 is 0.015, what is the value of the standard deviation of the monthly earnings of the computer systems analysts?
- A developmental psychologist is interested in studying how long babies gaze at a photograph of a human face. To test this question, she shows a picture to a sample of six babies and records the length of their gaze in seconds. The data are as follows: 12, 17, 18, 20, 20, 29. Calculate the mean, median, mode, range, variance and standard deviation for the sample.The average McDonald's restaurant generates $3.3 million in sales each year with a standard deviation of 0.8. Skyler wants to know if the average sales generated by McDonald's restaurants in North Carolina is different than the worldwide average. He surveys 25 restaurants in North Carolina and finds the following data (in millions of dollars): 2.3, 0.9, 2.2, 2.8, 3.1, 3.1, 2.3, 2.6, 2.7, 2.7, 3.1, 3.9, 4.1, 4, 4.5, 1.8, 4.3, 2.7, 3.9, 3.5, 3.2, 1.7, 3.5, 2.9, 2.1 Perform a hypothesis test using a 4% level of significance. Step 1: State the null and alternative hypotheses. Но: ? ? v Ha: ? v (So we will be performing a Select an answer v test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v P(? v…The average McDonald's restaurant generates $2.6 million in sales each year with a standard deviation of 1. Tatiana wants to know if the average sales generated by McDonald's restaurants in Alaska is different than the worldwide average. She surveys 25 restaurants in Alaska and finds the following data (in millions of dollars):3.2, 1.8, 0.9, 3.2, 3.6, 1.7, 4.2, 2, 3.1, 3.9, 3, 2.9, 2.5, 3.5, 3, 3, 2.4, 5, 3.8, 0.9, 2.2, 2.4, 2.6, 2.8, 3.3Perform a hypothesis test using a 10% level of significance.Step 1: State the null and alternative hypotheses.H0: Ha: (So we will be performing a LEFT OR RIGHT OR 2 TAILS test.)? Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem.By the Central Limit Theorem, we know that the point estimates are NORMAL DISTRIITBUTE OR T DISTRIBUTED with distribution mean =? and distribution standard deviation =?