Statistics for Management and Economics (Book Only)
Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
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Chapter 10.2, Problem 27E
To determine

Calculate the population mean.

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A chemist measures the haptoglobin concentrations (in grams per liter) in the blood of eight healthy adults. The mean and standard deviation of the haptoglobin concentrations (in grams per liter) are 1.615 and 1.387 respectively. Obtain a 90% confidence interval for the mean haptoglobin concentration in adults.
Pharmaceutical companies promote their prescription drugs using television advertising. In a survey of 90 randomly sampled television viewers, 9 indicated that they asked their physician about using a prescription drug they saw advertised on TV.   Develop a 90% confidence interval for the proportion of viewers who discussed a drug seen on TV with their physician. (Round your answers to 3 decimal places.)   Is it reasonable to conclude that 30% of the viewers discuss an advertised drug with their physician?
It is known that the variance of a population equals 20. A random sample of 144 observations is going to be taken from the population. Compute the margin of error corresponding to a 95% level of confidence.
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