Suppose a baker wants to know, on average, how many pastries they sell in a day.They sampled over 4 days. On the first day they sold 10, on the second day they sold 12, on the third day they sold 18, and on thefourth day they sold 16.The population standard deviation of pastry sales is 3. What is the point estimate (average) number of pastries sold?2608056O 14Nex

The objective of the question is to calculate the point estimate or the average number of pastries…

Answered: Suppose a baker wants to know, on…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ou would like to get the highest paying job possible after graduating from UCR and are currently deciding vhether to enroll in ECON 108 in the fall term or not. You find a sample of recent UCR graduates that majc n Economics (there are no double majors in the samples). You sampled 100 Economics majors that took ECON 108 and you find that the average starting salary is 72K dollars, with a sample standard deviation of 10K dollars. You sampled 75 Economics majors that did not take ECON 108 and you find that the average starting salary is 65K dollars, with a sample standard deviation of 15K dollars. Which of the following statements is most correct? O I am not very confident in the results of my hypothesis test because the range in which I fail to reject the null hypothesis is relatively large. O I want to be very confident in the results of my hypothesis test, so the range in which I fail to reject the null hypothesis is relatively large. O The range in which I fail to reject is small, so…
what is correlation cofficient
Americans spend an average of 23.6 hours per week online, with a standard deviation of 7. The distribution of internet watching is not necessarily normally distributed. Suppose you took a random sample of 50 people. What is the probability that the sample average will be less than 23 hrs? Round your answer to three decimal places, eg 0.628.
A manufacturer claims that the calling range (in feet) of its 900-MHz cordless telephone is greater than that of its leading competitor. A sample of 1010 phones from the manufacturer had a mean range of 11801180 feet with a standard deviation of 4141 feet. A sample of 2020 similar phones from its competitor had a mean range of 11101110 feet with a standard deviation of 3535 feet. Do the results support the manufacturer's claim? Let μ1�1 be the true mean range of the manufacturer's cordless telephone and μ2�2 be the true mean range of the competitor's cordless telephone. Use a significance level of α=0.01�=0.01 for the test. Assume that the population variances are equal and that the two populations are normally distributed. Step 2 of 4 : Compute the value of the t test statistic. Round your answer to three decimal places.
For a population with a mean of 75 and a standard deviation of 12, what proportion of sample means of size n = 16 fall below 82?
I'm assuming for this problem I need to find the z-score first then find the value on the distribution chart?The mean number of calories consumer per day for females aged 27 is 2725 with a standard deviation of 277. If a simple random sample of 100 females is selected, what is the probability that the mean number of calories ingested is more than 2800?
6
An estimator () is said to be a consistent estimator if the bias of (✔) goes to zero as the sample size gets larger and larger and the variance goes to zero. O True False
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Scenario 38-5. Researchers are interested in the height of the average person in San Francisco, California. Using a random sample of 1,000 people, they find that the average height in the sample is 68 inches. (Hint: Be sure to calculate the Refer to Scenario 38-5. If the standard deviation of heights is 3 inches, we can be 95% confident that the true mean height of the population is between standard error of the estimate.) O O O O between 67.997 inches and 68.003 inches. between 67.905 inches and 68.095 inches. between 67.905 inches and 68 inches. between 68 inches and 68.095 inches.
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Suppose N = 15 and r = 4. What is the probability of x = 3 for n = 10 (to 4 decimals)?

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