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

A quantitative data set has a size 50. At least how many observations lie within 3standard deviations to either side of the​ mean?

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 $3.3 million in sales each year with a standard deviation of 0.8. Skyler wants to know if the average sales generated by McDonald's restaurants in North Carolina is different than the worldwide average. He surveys 25 restaurants in North Carolina and finds the following data (in millions of dollars): 2.3, 0.9, 2.2, 2.8, 3.1, 3.1, 2.3, 2.6, 2.7, 2.7, 3.1, 3.9, 4.1, 4, 4.5, 1.8, 4.3, 2.7, 3.9, 3.5, 3.2, 1.7, 3.5, 2.9, 2.1 Perform a hypothesis test using a 4% level of significance. Step 1: State the null and alternative hypotheses. Но: ? ? v Ha: ? v (So we will be performing a Select an answer v 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 Select an answer with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v P(? v…