A home insurance company wants to estimate the mean cost to repair roof with a 99%...
A home insurance company wants to estimate the mean cost to repair roof with a 99% confidence interval. It is believed that the population standard deviation is $90. What is the minimum number of repair costs that must be sampled so that the margin of error is $25?
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A home insurance company wants to estimate the mean cost to
repair roof with a 99%...
In a random sample of four mobile devices, the mean repair cost was $60.00 and the...
In a random sample of four mobile devices, the mean repair cost was $60.00 and the standard deviation was $14.00. Assume the population is normally distributed and use a t-distribution to find the margin of error and construct a 90% confidence interval for the population mean. Interpret the results. The 90% confidence interval for the population mean is (DO (Round to two decimal places as needed.) The margin of error is $ (Round to two decimal places as needed.) Interpret...
In a random sample of six microwave ovens, the mean repair cost was $65.00 and the...
In a random sample of six microwave ovens, the mean repair cost was $65.00 and the standard deviation was $12.50. Assume the population is normally distributed and use a t-distribution to construct a 90% confidence interval for the population mean mu. What is the margin of error of mu? Interpret the results. The 90% confidence interval for the population mean mu is ( nothing, nothing). (Round to two decimal places as needed.) The margin of error is nothing. (Round to...
Libel In a random sample of four mobile devices, the mean repair cost was $60.00 and...
Libel In a random sample of four mobile devices, the mean repair cost was $60.00 and the standard deviation was $13.50. Assume the population is normally distrbuted and use at distribution to find the margin of error and construct a 90% confidence interval for the population mean. Interpret the results ol The 90% confidence interval for the population mean pis (C. (Round to two decimal places as needed.) The margin of error iss (Round to two decimal places as needed)...
to estimate the population mean repair cost of microwave ovens in macomb, a random sample of...
to estimate the population mean repair cost of microwave ovens in macomb, a random sample of 9 broken microwave ovens was selected and it is found that the sample mean repair cost was $80 with a sample standard deviation of $15. 1) what would be the “critical value” if you want to find a 95% confidence interval for the population mean? 2) what would be the “margin of error” if you want to find a 95% confidence interval for the...
1. A fire insurance company thought that the mean distance from a home to the nearest...
1. A fire insurance company thought that the mean distance from a home to the nearest fire department in a suburb of Chicago was at least 5.3 miles. It set its fire insurance rates accordingly. Members of the community set out to show that the mean distance was less than 5.3 miles. This, they thought, would convince the insurance company to lower its rates. They randomly indentified 57 homes and measured the distance to the nearest fire department from each....
6.2.19-T Question Help In a random sample of four microwave ovens, the mean repair cost was...
6.2.19-T Question Help In a random sample of four microwave ovens, the mean repair cost was $85.00 and the standard deviation was $13.00. Assume the population is normally distributed and use a t-distribution to construct a 99% confidence interval for the population mean μ. What is the margin of error of μ? Interpret the results. The 99% confidence interval for the population mean μ is (DD (Round to two decimal places as needed.) 6.2.21-T Question Help In a random sample...
Question 4 A company has developed a new type of light bulb, and wants to estimate...
Question 4 A company has developed a new type of light bulb, and wants to estimate its mean lifetime. A simple random sample of 12 bulbs had a sample mean lifetime of 651 hours with a sample standard deviation of 43 hours. It is reasonable to believe that the population is approximately normal. Find the lower bound of the 95% confidence interval for the population mean lifetime of all bulbs manufactured by this new process. Round to the nearest integer....
An admissions director wants to estimate the mean age of all students enrolled at a college....
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.5 years of the population mean. Assume the population of ages is normally distributed. (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.6 years. (b) The sample mean is 20 years of age. Using the minimum sample size with a 90% level of confidence,...
An admissions director wants to estimate the mean age of all students enrolled at a college....
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.7 years of the population mean. Assume the population of ages is normally distributed. (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.8 years. (b) The sample mean is 20 years of age. Using the minimum sample size with a 90% level of confidence,...
A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.1 in...
A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.1 in (a) Determine the minimum sample size required to construct a 99% confidence interval for the population mean Assume the population standard deviation is 0 25 in. (b) Repeat part (a) using a population standard deviation of 0.30 in. Which standard deviation requires a larger sample size? Explain 25 a) The minimum sample size required to construct a 99% confidence inte valus (Round up to...
In a random sample of four mobile devices, the mean repair cost was $60.00 and the standard deviation was $14.00. Assume the population is normally distributed and use a t-distribution to find the margin of error and construct a 90% confidence interval for the population mean. Interpret the results. The 90% confidence interval for the population mean is (DO (Round to two decimal places as needed.) The margin of error is $ (Round to two decimal places as needed.) Interpret...
Libel In a random sample of four mobile devices, the mean repair cost was $60.00 and the standard deviation was $13.50. Assume the population is normally distrbuted and use at distribution to find the margin of error and construct a 90% confidence interval for the population mean. Interpret the results ol The 90% confidence interval for the population mean pis (C. (Round to two decimal places as needed.) The margin of error iss (Round to two decimal places as needed)...
6.2.19-T Question Help In a random sample of four microwave ovens, the mean repair cost was $85.00 and the standard deviation was $13.00. Assume the population is normally distributed and use a t-distribution to construct a 99% confidence interval for the population mean μ. What is the margin of error of μ? Interpret the results. The 99% confidence interval for the population mean μ is (DD (Round to two decimal places as needed.) 6.2.21-T Question Help In a random sample...
An admissions director wants to estimate the mean age of all students enrolled at a college. The estimate must be within 1.5 years of the population mean. Assume the population of ages is normally distributed. (a) Determine the minimum sample size required to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.6 years. (b) The sample mean is 20 years of age. Using the minimum sample size with a 90% level of confidence,...
A soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.1 in (a) Determine the minimum sample size required to construct a 99% confidence interval for the population mean Assume the population standard deviation is 0 25 in. (b) Repeat part (a) using a population standard deviation of 0.30 in. Which standard deviation requires a larger sample size? Explain 25 a) The minimum sample size required to construct a 99% confidence inte valus (Round up to...
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