Answer and sketch questions 1 and 2
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Answer and sketch questions 1 and 2
1. a) A random sample of size 36 is...
-0.07 0.07 z 2. A bank has kept records of the checking balances of its customers...
-0.07 0.07 z 2. A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48, and is a normally distributed population. A random sample of 144 checking accounts is selected a) What is the probability that the sample mean will be at least $306.60? b) What is the probability that the sample mean will be less than $308? c) What is...
a-c please Please solve the following questions related to Chapter 7 and 8: 1. A bank...
a-c please
Please solve the following questions related to Chapter 7 and 8: 1. A bank has kept records of the checking balances of its 4000 customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. Please answer the following questions. (a) What is the probability that the sample mean will be more than $309? (b) What is the probability that the...
1. A bank has kept records of the checking balances of its 4000 customers and determined...
1. A bank has kept records of the checking balances of its 4000 customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. Please answer the following questions. (a) What is the probability that the sample mean will be more than $309? (b) What is the probability that the sample mean will be between $293 and $307? (c) Suppose the number of...
A random sample of size 36 is to be selected from a population that has a mean μ = 50 and a standard deviation σ of 10
A random sample of size 36 is to be selected from a population that has a mean μ = 50 and a standard deviation σ of 10. * a. This sample of 36 has a mean value of , which belongs to a sampling distribution. Find the shape of this sampling distribution. * b. Find the mean of this sampling distribution. * c. Find the standard error of this sampling distribution. * d. What is the...
A random sample of size 36 is to be taken from a population that is normally...
A random sample of size 36 is to be taken from a population that is normally distributed with mean 60 and standard deviation 18. The sample mean of the observations in our sample is to be computed. The sampling distribution of the sample mean is Select one: . a. normal with mean 36 and standard deviation 18. O b. normal with mean 60 and standard deviation 0.5. c. normal with mean 60 and standard deviation 3. d. normal with mean...
Suppose a random sample of n = 16 observations is selected from a population that is...
Suppose a random sample of n = 16 observations is selected from a population that is normally distributed with mean equal to 102 and standard deviation equal to 10. Find the probability that the sample mean deviates from the population mean μ = 102 by no more than 4. (Round your answer to four decimal places.)
Suppose a random sample of n = 16 observations is selected from a population that is...
Suppose a random sample of n = 16 observations is selected from a population that is normally distributed with mean equal to 101 and standard deviation equal to 12. QUESTION: Find the probability that the sample mean deviates from the population mean μ = 101 by no more than 4. (Round your answer to four decimal places.)
A random sample of size n = 60 were selected from a normally distributed population with...
A random sample of size n = 60 were selected from a normally distributed population with with the mean of 15 and standard deviation of 6. What is the standard error (SE) of the sampling distribution of the sample mean? Write your answer with 4 decimal places.
a-c please 2. A random sample of 144 checking accounts at a bank showed an average...
a-c please
2. A random sample of 144 checking accounts at a bank showed an average daily balance of $295. The standard deviation of the population is known to be $72. Please answer the following questions: (a) Find the standard error of the mean. (b) Give a point estimate of the population mean. (c) Construct a 95% confidence interval estimates for the mean.
9. Consider the mean of a random sample of size 75, X. If S2 is the...
9. Consider the mean of a random sample of size 75, X. If S2 is the sample variance and the population is normally distributed with mean y, what is the distribution of 10. The mean weight of peanuts in a sample of size 16 from a barrel is 0.09 ounces. The standard deviation of the sample is 0.015 ounces. What is a 90% confidence interval for the mean weight of all peanuts in the barrel? Assume peanut weights in the...
-0.07 0.07 z 2. A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48, and is a normally distributed population. A random sample of 144 checking accounts is selected a) What is the probability that the sample mean will be at least $306.60? b) What is the probability that the sample mean will be less than $308? c) What is...
a-c please
Please solve the following questions related to Chapter 7 and 8: 1. A bank has kept records of the checking balances of its 4000 customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. Please answer the following questions. (a) What is the probability that the sample mean will be more than $309? (b) What is the probability that the...
A random sample of size 36 is to be taken from a population that is normally distributed with mean 60 and standard deviation 18. The sample mean of the observations in our sample is to be computed. The sampling distribution of the sample mean is Select one: . a. normal with mean 36 and standard deviation 18. O b. normal with mean 60 and standard deviation 0.5. c. normal with mean 60 and standard deviation 3. d. normal with mean...
a-c please
2. A random sample of 144 checking accounts at a bank showed an average daily balance of $295. The standard deviation of the population is known to be $72. Please answer the following questions: (a) Find the standard error of the mean. (b) Give a point estimate of the population mean. (c) Construct a 95% confidence interval estimates for the mean.
9. Consider the mean of a random sample of size 75, X. If S2 is the sample variance and the population is normally distributed with mean y, what is the distribution of 10. The mean weight of peanuts in a sample of size 16 from a barrel is 0.09 ounces. The standard deviation of the sample is 0.015 ounces. What is a 90% confidence interval for the mean weight of all peanuts in the barrel? Assume peanut weights in the...
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