Introductory Statistics
1st Edition
ISBN: 9781938168208
Author: Barbara Illowsky, Susan Dean
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 8, Problem 8.1TI
Suppose we have data from a sample. The sample
Expert Solution & Answer
To determine
To find:
The confidence interval.
Answer to Problem 8.1TI
Confidence interval is
Explanation of Solution
Given:
Sample mean = 15
Margin of error = 3.2
Calculation:
Conclusion:
The confidence interval is
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
c. What are the first and third quartiles?
First Quartiles (to 1 decimals)
Third Quartiles (to 4 decimals)
× ☑
Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
Click on the datafile logo to reference the data.
DATA file
Company
Procter & Gamble
Comcast
Advertising
($billions)
$5.00
3.08
2.91
Company
American Express
General Motors
Advertising
($billions)
$2.19
2.15
ETET
AT&T
Ford
Verizon
L'Oreal
2.56
2.44
2.34
Toyota
Fiat Chrysler
Walt Disney Company
J.P Morgan
a. What is the mean amount spent on advertising? (to 2 decimals)
2.55
b. What is the median amount spent on advertising? (to 3 decimals)
2.09
1.97
1.96
1.88
Chapter 8 Solutions
Introductory Statistics
Ch. 8 - Suppose we have data from a sample. The sample...Ch. 8 - Suppose average pizza delivery times are normally...Ch. 8 - Table 8.2 shows a different random sampling of 20...Ch. 8 - Refer back to the pizza-delivery Try It exercise....Ch. 8 - Refer back to the pizza-deliver Try It exercise....Ch. 8 - Suppose we know that a confidence interval is...Ch. 8 - The population standard deviation for the height...Ch. 8 - You do a study of hypnotherapy to determine how...Ch. 8 - A random sample of statistics students were asked...Ch. 8 - Suppose 250 randomly selected people are surveyed...
Ch. 8 - A student polls his school to see If students In...Ch. 8 - Out of a random sample of 65 freshmen at State...Ch. 8 - The Berkman Center Study referenced in Example...Ch. 8 - Suppose an Internet marketing company wants to...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use (he following information to answer the next...Ch. 8 - Use (he following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer (he next...Ch. 8 - Use the following information o answer (he ne.t...Ch. 8 - Use the following information o answer (he ne.t...Ch. 8 - Use the following information o answer (he ne.t...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information answer the next six...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use (he following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information o answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Use the following information to answer the next...Ch. 8 - Among various ethnic groups, the standard...Ch. 8 - Announcements for 8.1 upcoming engineering...Ch. 8 - Suppose that an accounting firm does a study to...Ch. 8 - A sample of 16 small bags of the same brand of...Ch. 8 - A camp director is interested in the mean number...Ch. 8 - What Is meant by the tetm 90% confident when...Ch. 8 - The Federal Election Commission collects...Ch. 8 - The American Community Survey (ACS), part of the...Ch. 8 - The average height of young adult males has a...Ch. 8 - In six packages of The Flintstones Real Fruit...Ch. 8 - A random survey of enrollment at 35 community...Ch. 8 - Suppose that a committee is studying whether or...Ch. 8 - A pharmaceutical company makes tranquilizers. It...Ch. 8 - Suppose that 14 children, who were learning to...Ch. 8 - The Federal Election Commission (FEC) collects...Ch. 8 - Forbes magazine published data on the best small...Ch. 8 - Unoccupied seats on flights cause airlines to lose...Ch. 8 - In a recent sample of 84 used car sales costs, the...Ch. 8 - Six different national brands of chocolate chip...Ch. 8 - A survey of the mean number of cents off that...Ch. 8 - Use the following information o ansier the next...Ch. 8 - Use the following information o ansier the next...Ch. 8 - Insurance companies are interested In knowing the...Ch. 8 - Suppose that the insurance companies did do a...Ch. 8 - According to a recent survey of 1,200 people. 61%...Ch. 8 - An article regarding interracial dating and...Ch. 8 - Refer to the information In Exercise 8.120. a....Ch. 8 - Stanford University conducted a study of whether...Ch. 8 - A telephone poll of 1,000 adult Americans was...Ch. 8 - Refer to Exercise 8.123. Another question in the...Ch. 8 - Use the following informariton to answer the next...Ch. 8 - Use the following informariton to answer the next...Ch. 8 - Use the following informariton to answer the next...Ch. 8 - Use the following information to answer the next v...Ch. 8 - Use the following information to answer the next v...Ch. 8 - On May 23, 2013, Gallup reported that of the 1,005...Ch. 8 - A national survey of 1000 adults was conducted on...Ch. 8 - Public Policy Polling recently conducted a survey...Ch. 8 - You plan to conduct a survey on your college...Ch. 8 - In a recent Zogby International Poll, nine of .18...
Additional Math Textbook Solutions
Find more solutions based on key concepts
CHECK POINT 1 Write a word description of the set L = {a, b, c, d, e, f}.
Thinking Mathematically (6th Edition)
29-36. Total and Annual Returns. Compute the total and annual returns on the following investments.
29. Five ye...
Using and Understanding Mathematics: A Quantitative Reasoning Approach (6th Edition)
A child has 12 blocks, of which 6 are black, 4 are red, 1 is white, and 1 is blue. If the child puts the blocks...
A First Course in Probability (10th Edition)
Constructing and Interpreting Confidence Intervals. In Exercises 13–16, use the given sample data and confidenc...
Elementary Statistics (13th Edition)
In Exercises 1–8, use the Ratio Test to determine whether each series converges absolutely or diverges.
5.
University Calculus: Early Transcendentals (4th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular product in each city are vary because of differing competitive conditions. For instance, the price they charge for a case of a popular brand of motor oil in each city follows. Also shown are the number of cases that Martinez Auto sold last quarter in each city. City Price ($) Sales (cases) Bakersfield 34.99 501 Los Angeles 38.99 1425 Modesto 36.00 294 Oakland 33.59 882 Sacramento 40.99 715 San Diego 38.59 1088 San Francisco 39.59 1644 San Jose 37.99 819 Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.arrow_forwardConsider the following data and corresponding weights. xi Weight(wi) 3.2 6 2.0 3 2.5 2 5.0 8 a. Compute the weighted mean (to 2 decimals). b. Compute the sample mean of the four data values without weighting. Note the difference in the results provided by the two computations (to 3 decimals).arrow_forwardExpert only,if you don't know it don't attempt it, no Artificial intelligence or screen shot it solvingarrow_forward
- For context, the image provided below is a quesion from a Sepetember, 2024 past paper in statistical modelingarrow_forwardFor context, the images attached below (the question and the related figure) is from a january 2024 past paperarrow_forwardFor context, the image attached below is a question from a June 2024 past paper in statisical modelingarrow_forward
- For context, the images attached below are a question from a June, 2024 past paper in statistical modelingarrow_forwardFor context, the images attached below (question and related graph) are from a February 2024 past paper in statistical modelingarrow_forwardFor context, the images attached below are from a February 2024 past paper in statistical modelingarrow_forward
- For context, the image provided below is a question from a September, 2024 past paper in statistical modelingarrow_forwardFor context, the image below is from a January 2024 past paper in statistical modelingarrow_forwardFor context, the image provided below is a question from a September, 2024 past paper in statistical modelingarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License