Confidence interval of a true mean weight
The average weight of 60 randomly selected compact automobiles was 2620 pounds. The sample standard deviation was 430 pounds. What is the 95% confidence interval of a true mean weight, m, in pounds, of the automobiles?
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Producer has offered to accept $57,400 payment at the end of each of next six years. How much interest will Charlie Corp. pay over term of loan?
What is the 98% confidence interval for the standard deviation, s, of birth weights at County General Hospital, if the standard deviation of the last 22 babies born there was 1.5 pounds? Keep two decimal place accuracy.
What should be minimum value of land in 10 years to make purchase worthwhile-regardless of whether Renco actually uses site for the plant expansion?
A random sample of 40 rolls of 5/16 inch diameter aircraft cable was taken from current production of the Calamity Cable Company. A piece was selected from each roll and fastened into a mechanical stretcher which could read the force which broke t
Find amount, if any, of expense must be reflected in Post's quarterly income statement for 3 months ended March 31, 2015?
It was found that in a sample of 80 teenage boys, 70% had gotten speeding tickets. Determine the 90% confidence interval of the true proportion, p, of teenage boys who have gotten speeding tickets?
Cost of goods sold for 2015 was $3,600,000 and ending inventory at December 31, 2015, was $400,000. Determine inventory turnover for 2015?
A company produces the latest model of camera in large quantity. From past record, the defective rate is known to be 5%. Everyday, the company will sample a batch of 20 cameras to check for manufacturing error. Assuming that the number of defectiv
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