(CI p#1) You wish to estimate the population mean for salaries at a company byfinding a 95% confidence interval. A sample of 30 employees gives a sample mean of$40,000. If the population standard deviation is known to be $12,000, calculate a95% confidence interval for the mean. Below, state the:(1) lower limit of the Cl(2) upper limit of the CI (Round both to the nearest dollar. Use dollar sign andcomma, but no pennies. For example: $14,542)

Sample size, n=30 Sample mean, x¯=40000 Population standard deviation, σ=12000 Confidence level,…

Answered: (CI p# 1) You wish to estimate the…

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

statistics practitioner took a random sample of 48 observations from a population whose standard deviation is 23 and computed the sample mean to be 100. Note: For each confidence interval, enter your answer in the form (LCL, UCL). You must include the parentheses and the comma between the confidence limits. A. Estimate the population mean with 95% confidence. Confidence Interval = B. Estimate the population mean with 95% confidence, changing the population standard deviation to 47; Confidence Interval = C. Estimate the population mean with 95% confidence, changing the population standard deviation to 10; Confidence Interval =
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately σ=21.4. You would like to be 98% confident that your estimate is within 5 of the true population mean. How large of a sample size is required?
#30
The graph illustrates the distribution of test scores taken by College Algebra students. The maximum possible score on the test was 130, while the mean score was 75 and the standard deviation was 12. Use the "Empirical Rule", not a calculator or other technology. Do not round your answers. What is the approximate percentage of students who scored less than 51 on the test?%What is the approximate percentage of students who scored between 51 and 99 on the test?%What is the approximate percentage students who scored between 63 and 87 on the test?%What is the approximate percentage of students who scored between 75 and 87 on the test?%
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately σ=51.3. You would like to be 98% confident that your estimate is within 10 of the true population mean. How large of a sample size is required?
Our environment is very sensitive to the amount of ozone in the upper atmosphere. The level of ozone normally found is 5.3 parts/million (ppm). A researcher believes that the current ozone level is at an excess level. The mean of 1030 samples is 5.4 ppm. Assume the standard deviation is known to be 1.1. Does the data support the claim at the 0.01 level? Step 4 of 5 : Enter the decision rule.
You want to obtain a sample to estimate a population mean age. Based on previous evidence, you believe the population standard deviation is approximately o = 2.3 years. You would like to be 95% confident that your estimate is within 0.75 years of the true population mean. What is the smallest sample size you can use? The smallest possible sample has members.
Withdrawal symptoms may occur when a person using a painkiller suddenly stops using it. For a special type of painkiller, withdrawal symptoms occur in 1% of the cases. A random sample of 1100 people who have stopped using the painkiller is going to be taken. Let p be the proportion of people in the sample who experience withdrawal symptoms. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of P. 0 (b) Find the standard deviation of p. 0 (c) Compute an approximation for P<0.02), which is the probability that fewer than 2% of the people in the sample experience withdrawal symptoms. Round your answer to four decimal places. 0 X
We want to obtain a sample to estimate a population mean. Based on previous evidence, researchers believe the population standard deviation is approximately �=76.4. We would like to be 95% confident that the estimate is within 0.5 of the true population mean. How large of a sample size is required?�=
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately 79.8. You would like to be 95% confident that your estimate is within 5 of the true population mean. How large of a sample size is required?
You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the standard deviation is approximately s=24.3s=24.3. You would like to be 90% confident that your esimate is within 2 of the true population mean. How large of a sample size is required? Show your work.

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