Services
Discover
Ask a Question
Log in
Sign up
Filters
Done
Question type:
Essay
Multiple Choice
Short Answer
True False
Matching
Topic
Statistics
Study Set
Business Statistics
Exam 8: Estimating Single Population Parameters
Path 4
Access For Free
Share
All types
Filters
Study Flashcards
Practice Exam
Learn
Question 61
True/False
In a sample size determination situation,reducing the margin of error by half will double the required sample size.
Question 62
Multiple Choice
In developing a confidence interval estimate for the population mean,the t-distribution is used to obtain the critical value when:
Question 63
True/False
In determining the required sample size in an application involving an estimate for the population mean,if the population standard deviation is known,there is no compelling reason to select a pilot sample.
Question 64
True/False
The manager in charge of concessions at an NFL football stadium is interested in estimating the mean dollars that are spent per person attending the games.A pilot sample of n = 50 people has revealed a sample mean and standard deviation of $12.35 and $2.35 respectively.He wishes to estimate the population mean within ± $0.20 of the true mean and wishes to have a confidence level of 95 percent.Given this,he needs to sample an additional 481 people.
Question 65
True/False
All of the factors that are needed to determine the required sample size are within the control of the decision maker.
Question 66
True/False
When estimating sample size,a 90 percent confidence level will result in a smaller sample size than a 95 percent confidence level.
Question 67
True/False
When σ is unknown,one should use an estimate that is considered to be at least as large as the true σ.This will provide a conservative sample size to be on the safe side.
Question 68
Multiple Choice
The file Danish Coffee contains a random sample of 144 Danish coffee drinkers and measures the annual coffee consumption in kilograms for each sampled coffee drinker.A marketing research firm wants to use this information to develop an advertising campaign to increase Danish coffee consumption. Develop and interpret a 90% confidence interval estimate for the mean annual coffee consumption of Danish coffee drinkers.
Question 69
True/False
Chicago Connection,a local pizza company,delivers pizzas for free within the market area.The delivery drivers are paid $2.00 per delivery plus they get to keep any tips.To estimate the proportion of deliveries that result in a tip to the driver,a random sample of 64 deliveries was selected.Of these,48 times a tip was received.Based on this information,and using a 95 percent confidence level,the upper limit for the confidence interval estimate is about .1061.
Question 70
Multiple Choice
A production process that fills 12-ounce cereal boxes is known to have a population standard deviation of 0.009 ounce.If a consumer protection agency would like to estimate the mean fill,in ounces,for 12-ounce cereal boxes with a confidence level of 92% and a margin of error of 0.001,what size sample must be used?
Question 71
True/False
In developing a confidence interval estimate,the margin of error is directly dependent on the value of the point estimate.
Question 72
Multiple Choice
A hospital emergency room has collected a sample of n = 40 to estimate the mean number of visits per day.It has found the standard deviation is 32.Using a 90 percent confidence level,what is its margin of error?