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.
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Chapter 10 Solutions
Statistics for Management and Economics (Book Only)
Ch. 10.1 - Prob. 1ECh. 10.1 - Prob. 2ECh. 10.1 - Prob. 3ECh. 10.1 - Prob. 4ECh. 10.1 - Prob. 5ECh. 10.1 - Prob. 6ECh. 10.1 - Prob. 7ECh. 10.1 - Prob. 8ECh. 10.2 - Prob. 13ECh. 10.2 - Prob. 14E
Ch. 10.2 - Prob. 15ECh. 10.2 - Prob. 16ECh. 10.2 - Prob. 17ECh. 10.2 - Prob. 18ECh. 10.2 - Prob. 19ECh. 10.2 - Prob. 20ECh. 10.2 - Prob. 21ECh. 10.2 - Prob. 22ECh. 10.2 - Prob. 23ECh. 10.2 - Prob. 24ECh. 10.2 - Prob. 25ECh. 10.2 - Prob. 26ECh. 10.2 - Prob. 27ECh. 10.2 - Prob. 28ECh. 10.2 - Prob. 29ECh. 10.2 - Prob. 30ECh. 10.2 - Prob. 31ECh. 10.2 - Prob. 32ECh. 10.2 - Prob. 33ECh. 10.2 - Prob. 34ECh. 10.2 - Prob. 35ECh. 10.2 - Prob. 36ECh. 10.2 - Prob. 37ECh. 10.2 - Prob. 38ECh. 10.2 - Prob. 39ECh. 10.2 - Prob. 40ECh. 10.2 - Prob. 41ECh. 10.2 - Prob. 42ECh. 10.2 - Prob. 43ECh. 10.2 - Prob. 44ECh. 10.2 - Prob. 45ECh. 10.2 - Prob. 46ECh. 10.3 - Prob. 47ECh. 10.3 - Prob. 48ECh. 10.3 - Prob. 49ECh. 10.3 - Prob. 50ECh. 10.3 - Prob. 51ECh. 10.3 - Prob. 52ECh. 10.3 - Prob. 53ECh. 10.3 - Prob. 54ECh. 10.3 - Prob. 55ECh. 10.3 - Prob. 56ECh. 10.3 - Prob. 57ECh. 10.3 - Prob. 58ECh. 10.3 - Prob. 59ECh. 10.3 - Prob. 60ECh. 10.3 - Prob. 61ECh. 10.3 - Prob. 62E
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- In a sample of 30 people, the average cost of a latte is $3.55. The standard deviation for the sample is $1.46. What is the margin of error for a 99% confidence interval? Group of answer choices $0.73 $0.69 $0.27 $0.66 thanksarrow_forwardAccording to the Annual survey of drugs expenditure in country X, the annual expenditure for prescription drugs is $838 per person in the Northeast region of the country. A sample of 60 individuals in the Midwest shows a per person expenditure for prescription drugs of $745. Further, it is given that the population standard deviation of $300. Formulate hypotheses for a test to determine whether the sample data support the conclusion that the population annual expenditure for prescription drugs per person is lower in the Midwest than in the Northeast and Identify whether it is a two-tail test or a one tail test (Left or right tail).arrow_forwardIs it true or false that the least absolute deviations (LAD) estimator minimizes the sum of the absolute value of the population errors.arrow_forward
- Of 900 people treated with a new drug, 180 show allergic reaction. Construct a 98% confidence interval for the true proportion of the population who would show an allergic reaction.arrow_forwardWith 95% confidence, calculate the margin of error to estimate the population mean with a simple random sample of 8 items in a sample standard deviation of 3.5.arrow_forward1. A survey on student behavior in some major College in Oman asked a randomly selected group of 300 students on the number of hours a week he/she reads a newspaper. The sample mean was 4.5 and standard deviation 2.9. We can assume that the underlying distribution of number of hours reading newspaper is approximately normal. a) What will be a 95% confidence interval of the population mean number of hours a College student read newspapers per week ? Interpret the same. b) Suppose you perform a similar survey at CAS, Nizwa with 35 randomly selected students; the sample mean and sample standard deviation were 5.1 and 2.6 respectively. What will be a 95% confidence interval of the population mean number of hours an CAS, Nizwa student read newspapers per week ? Interpret the interval in the context of the problem. Solve a and barrow_forward
- Bob Nale is the owner of Nale’s Quick Fill. Bob would like to estimate the mean number of gallons of gasoline sold to his customers. Assume the number of gallons sold follows the normal distribution with a population standard deviation of 1.80 gallons. From his records, he selects a random sample of 80 sales and finds the mean number of gallons sold is 6.90. What is the point estimate of the population mean? (Round your answer to 2 decimal places.) Develop a 95% confidence interval for the population mean. (Use z Distribution Table.) (Round your answers to 2 decimal places.)arrow_forwardArbitron Media Research Inc. conducted a study of the iPod listening habits of men and women. One facet of the study involved the mean listening time. It was discovered that the mean listening time for a sample of 9 men was 32 minutes per day. The standard deviation was 21 minutes per day. The mean listening time for a sample of 9 women was also 32 minutes, but the standard deviation of the sample was 8 minutes. Use a two-tailed test and at 0.02 significance level, can we conclude that there is a difference in the variation in the listening times for men and women? (Round your answer to 3 decimal places.) The test statistic is .Decision: H0:σ21=σ22.arrow_forwardIn 2015, the average duration of long-distance telephone calls from a certain town was 3.9 minutes. A telephone company wants to perform a test to determine whether this average duration of long- distance calls has changed. Fifty calls, originating from the town, was randomly selected and the following summary minutes. ∑ ? = 205 ∑(? − ?̅)2 = 56.43 Calculate the sample mean, ?̅. Calculate the sample standard deviation.arrow_forward
- Analysis showed that the mean arrival rate for vehicles at a certain Shell station on Friday afternoon last year was 4.5 vehicles per minute. How large a sample would be needed to estimate this year's mean arrival rate with 98 percent confidence and an error of ± 0.5?arrow_forwardYou collected a sample from a population which you realized has very high standarddeviation. You want to estimate the population parameter from this sample. You thinkthat your interval will be very wide, what you can do to narrow it down without changingyour confidence level. Will your suggestion to improve the width of the interval increasethe probability of the true mean lying in that interval?arrow_forwardAs the sample size increases, the variance of the sample mean Select one: a. increases b. not enough info to know c. decreases d. stays constantarrow_forward
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