lacy wants to that the daily demand for this antibiotic follows an approximately Jtion. A random sample of 25 days has a sample mean of 121 orders for this antibiotic with a standard deviation of 10.3 orders. Find a 99% nfidence interval for the population standard deviation of the daily demand for this antibiotic. Then give its lower limit and upper limit. arry your intermediate computations to at least three decimal places. Round your answers to at least two decimal places. (If necessary, consult a list of rmulas.) Lower limit: Upper limit: X

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
The standard deviation of the daily demand for a product is an important factor for inventory control for the product. Suppose that a pharmacy wants to
estimate the standard deviation of the daily demand for a certain antibiotic. It is known that the daily demand for this antibiotic follows an approximately
normal distribution. A random sample of 25 days has a sample mean of 121 orders for this antibiotic with a standard deviation of 10.3 orders. Find a 99%
confidence interval for the population standard deviation of the daily demand for this antibiotic. Then give its lower limit and upper limit.
Carry your intermediate computations to at least three decimal places. Round your answers to at least two decimal places. (If necessary, consult a list of
formulas.)
Lower limit:
Upper limit:
X
3
Transcribed Image Text:The standard deviation of the daily demand for a product is an important factor for inventory control for the product. Suppose that a pharmacy wants to estimate the standard deviation of the daily demand for a certain antibiotic. It is known that the daily demand for this antibiotic follows an approximately normal distribution. A random sample of 25 days has a sample mean of 121 orders for this antibiotic with a standard deviation of 10.3 orders. Find a 99% confidence interval for the population standard deviation of the daily demand for this antibiotic. Then give its lower limit and upper limit. Carry your intermediate computations to at least three decimal places. Round your answers to at least two decimal places. (If necessary, consult a list of formulas.) Lower limit: Upper limit: X 3
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman