The budget so that probability of being over-budget for maintenance and repairs is 0.05 if the amount spent monthly, x, for maintenance and repairs at XONIX, LLC, is normally distributed with a mean of $250 and standard deviation of $30.

Question

In a survey, the planning value for the population proportion is p 0.25. How large a sample should be taken to provide a 95% confidence interval with a margin of error of 0.03? Round your answer up to the next whole number. 800 {

Answer 1

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 8.4, Problem 44E

To determine

To calculate: The budget so that probability of being over-budget for maintenance and repairs is 0.05 if the amount spent monthly, x, for maintenance and repairs at XONIX, LLC, is normally distributed with a mean of $250 and standard deviation of $30.

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In a survey, the planning value for the population proportion is p 0.25. How large a sample should be taken to provide a 95% confidence interval with a margin of error of 0.03? Round your answer up to the next whole number. 800 {

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Answer 2

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 8.4, Problem 44E

To determine

To calculate: The budget so that probability of being over-budget for maintenance and repairs is 0.05 if the amount spent monthly, x, for maintenance and repairs at XONIX, LLC, is normally distributed with a mean of $250 and standard deviation of $30.

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See solution

Check out sample textbook solution

Answer 3

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 8.4, Problem 44E

To determine

To calculate: The budget so that probability of being over-budget for maintenance and repairs is 0.05 if the amount spent monthly, x, for maintenance and repairs at XONIX, LLC, is normally distributed with a mean of $250 and standard deviation of $30.

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Answer 4

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 8.4, Problem 44E

To determine