Solved: Determine the average age of customers, Basic Statistics

+44 141 628 6080
[email protected]

Determine the average age of customers

Response to the following question:

"Hockey-r-us," a store specializing in sales of hockey equipment, wants to find out the average age of all its customers. A random sample of 25 customers reveals an average age of 38 years with a standard deviation of six years. It determines a 95% confidence interval of the average age of all customers.

Show your work.

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Determine the average age of customers

Reference No:- TGS01900810

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : What is the expected value of perfect information

The marketing research team estimated that the probability of an average market was 50%. This average market was coded with a 3 on the five-point scale

Q : Issue of poor performance

How do you propose to approach the resolution of these problems, as well as preventing the development of yet more problems.

Q : Identity development model developed by kerwin and ponterott

This job describes the biracial identity development model developed by Kerwin and Ponterotto.

Q : Transactions effect on the stockholders equity

Explain each transaction's effect on the Stockholders equity accounts and the total stockholders equity.

Q : Determine the average age of customers

It determines a 95% confidence interval of the average age of all customers.

Q : Is belief and actions flowing from it really personal

Is belief and actions flowing from it really personal?Does everyone have a right to believe what one wants? The answer would be yes but a qualified

Q : Maintaining a stable level of retained earnings

Which option will accomplish Wicker's goal of reducing the current stock price while maintaining a stable level of retained earnings.

Q : Briefly select a side in the nature vs nurture debate

Briefly select a side in the nature vs. nurture debate of personality development and then locate at least five current research

Q : Determine the probability of hitting

A markov chain in discrete time is irreducible,has state space I={0,1,....} and starts in 1.It is both a branching process and a martingale.

1951861

Questions
Asked

3,689

Active Tutors

1432018

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What cases does female status tend to be highest

Question: In which of the following cases does female status tend to be highest? Group of answer choice

Which are forms of media bias

Question: Which of the following are forms of media bias? (Select all that apply)

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?