A store manager wishes to estimate at 95% confidence, the mean amount spent by all customers in herstore. From an earlier study, she knows that the standard deviation of amounts spent by customers at thisstore is $26. How large a sample is required so that the estimate is within $2 of the population mean?

Answered: Image /qna-images/answer/3774d9c0-0a7d-423f-acf7-ec761f97b325.jpg

Answered: A store manager wishes to estimate at…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

It is often quoted that in a normal distribution, 95% of the data lies 1.96 deviations either side of the mean. How many deviations from the mean would 88 percent lie?
Consider the data from the Anthropology 105 class. The mean for women is 64.33 in and the standard deviation is 2.64 in. The average height of men in the US is approximately 5ft 10in. What proportion of women represented here are shorter than the average man?
In nutrition, the recommended daily allowance of vitamins is a number set by the government to guide an individual's daily vitamin intake. Actually, vitamin needs vary drastically from person to person, but the needs are closely approximated by a normal curve. To calculate the recommended daily allowance, the government first finds the standard deviation and the average need for vitamins among people in the population. The recommended daily allowance is then defined as the mean plus 2.7 times the standard deviation. What fraction of the population will receive adequate amounts of vitamins under this plan? Click here to see page 1 of the table for areas under the standard normal curve. Click here to see page 2 of the table for areas under the standard normal curve. The fraction of the population that will receive adequate amounts of vitamins under the given plan is (Type an integer or decimal rounded to the nearest thousandth as needed.)
The average McDonald's restaurant generates $2.6 million in sales each year with a standard deviation of 1. Tatiana wants to know if the average sales generated by McDonald's restaurants in Alaska is different than the worldwide average. She surveys 25 restaurants in Alaska and finds the following data (in millions of dollars):3.2, 1.8, 0.9, 3.2, 3.6, 1.7, 4.2, 2, 3.1, 3.9, 3, 2.9, 2.5, 3.5, 3, 3, 2.4, 5, 3.8, 0.9, 2.2, 2.4, 2.6, 2.8, 3.3Perform a hypothesis test using a 10% level of significance.Step 1: State the null and alternative hypotheses.H0: Ha: (So we will be performing a LEFT OR RIGHT OR 2 TAILS test.)? Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem.By the Central Limit Theorem, we know that the point estimates are NORMAL DISTRIITBUTE OR T DISTRIBUTED with distribution mean =? and distribution standard deviation =?
It is known that 41% of the population in the United States have brown eyes. Find the mean and standard deviation for the number of brown eyed people in a random group of 25 people in the United States. I cannot for the life of me figure this problem out.
The board of examiners that administers the real estate broker’s examination in a certain state found that the mean score on the test was 450 and the standard deviation was 50. If the board wants to set the passing scores so that only the top 5% of all applicants pass, what should the passing score be? Assume that the scores are normally distributed.
The weights for newborn babies is approximately normally distributed with a mean of 6.1 pounds and a standard deviation of 1.8 pounds. Use the Cumulative Z-Score Table to answer the questions below. Write your answers rounded to the nearest whole number. Consider a group of 1200 newborn babies: • How many would you expect to weigh between 7.72 and 9.34 pounds? • How many would you expect to weigh less than 9.7 pounds? How many would you expect to weigh more than 6.37 pounds? How many would you expect to weigh between 6.1 and 7.54 pounds?
A community college Math instructor feels that the average age of community college students decreased since they started teaching 25 years ago. Looking up data from the year the instructor started teaching, the mean age of community college students was 24.3 years old, with a population standard deviation of 2.2 years. The Math instructor took a sample of 40 of their current community college students and found that the sample had a mean age of 23.7 years old. Assume the population of ages of community college students is normally distributed and that the population standard deviation has remained the same. Test at the 5% significance level if the mean age of community college students is now less than 24.3 years old. The question is attached.
For a random sample of 10 men, the mean head circumferences are x-bar = 57.3 cm, and the sample standard deviation is s = 2cm. what is the standard error of the mean?
Please review Section 9.2. A marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $60 and a standard deviation of $56. Use technology to solve and include files and/or screen shots. Is there evidence that the population mean amount spent per year on the web site by membership member shoppers is different from $52? a =0.05 H:µ= 52 H : µ # 52 Identify the critical value(s): (Round to two decimal places as needed.) Determine the test statistic: (Round to two decimal places as needed.) State the conclusion:

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

A store manager wishes to estimate at 95% confidence, the mean amount spent by all customers in store. From an earlier study, she knows that the standard deviation of amounts spent by customers store is $26. How large a sample is required so that the estimate is within $2 of the population me