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Statistics
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Introduction to Business Statistics
Quiz 9: Estimation From Sample Data
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Question 41
Multiple Choice
If a sample containing 20 observations is taken from a normally distributed population and a 90% confidence estimate for
μ
\mu
μ
is needed,the appropriate t-score is:
Question 42
Multiple Choice
A total of 150 households were asked if they had Internet access,of which 57 responded "Yes".Which of the following would represent a 98% confidence interval around this sample proportion?
Question 43
Multiple Choice
A random sample of size 15 taken from a normally distributed population revealed a sample mean of 75 and a sample variance of 25.The upper limit of a 95% confidence interval for the population mean would equal:
Question 44
Multiple Choice
The larger the level of confidence used in constructing a confidence interval estimate of the population mean the:
Question 45
Multiple Choice
In the formula
x
ˉ
±
z
α
/
2
(
?
/
n
)
\bar { x } \pm z _ { \alpha / 2 } ( ?/ \sqrt { n } )
x
ˉ
±
z
α
/2
(
?
/
n
)
,the subscript
(
α
/
2
)
( \alpha / 2 )
(
α
/2
)
refers to the:
Question 46
Multiple Choice
The owner of a large shopping center is besieged with complaints concerning the shortage of parking space.He feels that the 1000 spaces are adequate.In an effort to address the problem,he obtains a sample of the average number of cars on the parking lot during prime hours.The sample of 40 has a mean of 952.Assume a population standard deviation of 396.The 95% confidence interval estimate for prime hour parking is:
Question 47
Multiple Choice
If a sample containing 12 observations is taken from a normally distributed population and a 99% confidence estimate for
μ
\mu
μ
is needed,the appropriate t-score is:
Question 48
Multiple Choice
A sample of 200 light bulbs was tested and it was found that 11 were defective.Calculate a 95% confidence interval around this sample proportion.
Question 49
Multiple Choice
The lower limit of a confidence interval at the 95% level of confidence for the population proportion if a sample of size 200 had 40 successes is:
Question 50
Multiple Choice
The national sales manager of Fast Grow Corp is working on next year's budget projections.He knows that the population standard deviation is $17.66.To estimate the daily per diem cost for outside sales people,he has taken a random sample of 36 individual expense accounts and found a mean of $90.29.The 91.08 percent confidence interval for the per diem expense is:
Question 51
Multiple Choice
An auditor for a large oil corporation has taken a random sample of monthly credit card charges for 32 individual (non-corporate) accounts.She found a mean of $81.76.Assume that the population standard deviation is 48.2.A 98% confidence interval estimate for the population mean of individual credit card charges would be:
Question 52
Multiple Choice
A 98% confidence interval estimate for a population mean
μ
\mu
μ
is determined to be 75.38 to 86.52.If the confidence level is reduced to 90%,the confidence interval for
μ
\mu
μ
:
Question 53
Multiple Choice
The t-distribution approaches the normal distribution as the:
Question 54
Multiple Choice
The security department of a state university is planning its budget for the next year.In estimating the man-hours for security during university sponsored music concerts,the average length of music concerts is needed.A random sample from thirty-six security departments at universities was taken and the sample mean length of concerts was 160 minutes.Suppose the population standard deviation is 45 minutes.A 95 percent confidence interval for the true mean duration of music concerts is:
Question 55
Multiple Choice
Delivery time by courier services is important to stock brokers.One such firm wishes to estimate the average time taken by couriers delivering negotiable securities in New York City.Specifically,the firm randomly samples 36 courier pickup and delivery times.The collected data,in minutes,represent the time between pickup and delivery.Suppose the population standard deviation is 0.3 minutes and the sample mean is 9.975.Find the sample mean and compute.A 90-percent confidence interval for the true mean delivery time,
μ
\mu
μ
is:
Question 56
Multiple Choice
For a sample of size 20 taken from a normally distributed population with standard deviation equal to 5,a 90% confidence interval for the population mean would require the use of:
Question 57
Multiple Choice
In order to estimate the average daily down time,a manufacturer randomly samples 40 days of production records and found a mean of 55.576 minutes and standard deviation of 77.9 minutes.An 80% confidence interval is: