The mean replacement time for a random sample of 20 washing machines is 10.9 years and the standard deviation is 2.7 years. Construct a 99% confidence interval for the standard deviation, σ, of the replacement times of all washing machines of this type

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The mean replacement time for a random sample of 20 washing machines is 10.9 years and the standard deviation is 2.7 years. Construct a 99% confidence interval for the standard deviation, σ, of the replacement times of all washing machines of this type

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Solve the problem. Round to the nearest tenth unless indicated otherwise.

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. Find P80, the score which separates the lower 80% from the top 20%.

 

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