SOLUTION: A research firm conducted a survey to determine the mean amount Americans spend on coffee during a week. They found the distribution of weekly spending followed the normal dist

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Statistical Techniques in Business and Economics 15th Edition by Douglas A. Lind, Samuel A. Wathen, William G. Marchal

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Fundamentals of Statistics

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Question: Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20. The population standard deviation is $7. What is the probability that a sample of 100 steady smokers spend between $19 and $21? 0.4236 1.0000 0.0764 0.8472

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Standard deviation for the population is $ 7 .

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Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20. The population standard deviation is $5. What is the probability that a sample of 100 steady smokers spend between $19 and $21

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95.44% probability that a sample of 100 steady smokers spend between $19 and $21

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal probability distribution

Problems of normally distributed samples are solved using the z-score formula.

\mu

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

s = (\sigma)/(√(n))

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

In this problem, we have that:

\mu = 20, \sigma = 5, n = 100, s = (5)/(√(100)) = 0.5

What is the probability that a sample of 100 steady smokers spend between $19 and $21

This is the pvalue of Z when X = 21 subtracted by the pvalue of Z when X = 19. So

By the Central Limit Theorem

Z = (X - \mu)/(s)

0.9772 - 0.0228 = 0.9544

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Final answer:

To find the probability that a sample of 100 steady smokers spend between $19 and $21, calculate the Z-score and use a standard normal distribution table or calculator. The probability is approximately 0.3413.

Explanation:

To find the probability that a sample of 100 steady smokers spend between $19 and $21, we can use the Z-score formula. The Z-score is calculated as the difference between the sample mean and the desired value (in this case, $20), divided by the population standard deviation, multiplied by the square root of the sample size.

Z = (x - μ) / (σ / √n)

Plugging in the values we have:

Z = (21 - 20) / (5 / √100) = 1

We can then use a standard normal distribution table or a calculator to find the probability associated with a Z-score of 1. The probability of obtaining a Z-score of 1 or less is approximately 0.8413. Since we want the probability between $19 and $21, we subtract the probability of getting a Z-score of less than 1 from the probability of getting a Z-score of less than or equal to 0. This gives us:

Probability = 0.8413 - 0.5000 = 0.3413

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Chapter Questions

A sample of 49 observations is taken from a normal population with a standard deviation of $10 .$ The sample mean is $55 .$ Determine the $99 \%$ confidence interval for the population mean.

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A sample of 81 observations is taken from a normal population with a standard deviation of $5 .$ The sample mean is $40 .$ Determine the $95 \%$ confidence interval for the population mean.

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Suppose you know $\sigma$ and you want an $85 \%$ confidence level. What value would you use as $z$ in formula $(9-1) ?$

A research firm conducted a survey of 49 randomly selected Americans to determine the mean amount spent on coffee during a week. The sample mean was 20 per week. The population distribution is normal with a standard deviation of 5 a. What is the point estimate of the population mean? Explain what it indicates. b. Using the 95% level of confidence, determine the confidence interval for mu . Explain what it indicates.

Refer to the previous exercise. Instead of $49,$ suppose that 64 Americans were surveyed about their weekly expenditures on coffee. Assume the sample mean remained the same a. What is the $95 \%$ confidence interval estimate of $\mu ?$ b. Explain why this confidence interval is narrower than the one determined in the previous exercise.

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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 2.30 gallons. From his records, he selects a random sample of 60 sales and finds the mean number of gallons sold is $8.60 .$ a. What is the point estimate of the population mean? b. Develop a $99 \%$ confidence interval for the population mean. c. Interpret the meaning of part (b).

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Use Appendix $\mathrm{B} .5$ to locate the value of $t$ under the following conditions. a. The sample size is 12 and the level of confidence is $95 \%$. b. The sample size is 20 and the level of confidence is $90 \%$. c. The sample size is 8 and the level of confidence is $99 \%$.

Use Appendix B.5 to locate the value of $t$ under the following conditions. a. The sample size is 15 and the level of confidence is $95 \%$. b. The sample size is 24 and the level of confidence is $98 \%$. c. The sample size is 12 and the level of confidence is $90 \%$.

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The Fox TV network is considering replacing one of its prime-time crime investigation shows with a new family-oriented comedy show. Before a final decision is made, network executives designed an experiment to estimate the proportion of their viewers who would prefer the comedy show over the crime investigation show. A random sample of 400 viewers was selected and asked to watch the new comedy show and the crime investigation show. After viewing the shows, 250 indicated they would watch the new comedy show and suggested it replace the crime investigation show. a. Estimate the value of the population proportion of people who would prefer the comedy show. b. Develop a $99 \%$ confidence interval for the population proportion of people who would prefer the comedy show. c. Interpret your findings.

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A large on-demand video streaming company is designing a large-scale survey to determine the mean amount of time corporate executives watch on-demand television. A small pilot survey of 10 executives indicated that the mean time per week is 12 hours, with a standard deviation of 3 hours. The estimate of the mean viewing time should be within one-quarter hour. The $95 \%$ level of confidence is to be used. How many executives should be surveyed?

A processor of carrots cuts the green top off each carrot, washes the carrots, and inserts six to a package. Twenty packages are inserted in a box for shipment. Each box of carrots should weigh 20.4 pounds. The processor knows that the standard deviation of box weight is 0.5 pound. The processor wants to know if the current packing process meets the 20.4 weight standard. How many boxes must the processor sample to be $95 \%$ confident that the estimate of the population mean is within 0.2 pound?

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Refer to the Lincolnville School District bus data. a. Develop a $95 \%$ confidence interval for the mean bus maintenance cost. b. Develop a $95 \%$ confidence interval for the mean bus odometer miles. c. Write a business memo to the state transportation official to report your results.

IMAGES

  1. Solved A research firm conducted a survey to determine the

    a research firm conducted a survey to determine

  2. Solved Suppose a research firm conducted a survey to

    a research firm conducted a survey to determine

  3. [ANSWERED] Suppose a research firm conducted a survey to determine the

    a research firm conducted a survey to determine

  4. SOLVED: 7 Suppose a research firm conducted a survey to determine the average amount of money

    a research firm conducted a survey to determine

  5. Solved Suppose a research firm conducted a survey to

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  6. Solved A research firm conducted a survey of 49 randomly

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COMMENTS

  1. Stats ch 8, final Flashcards - Quizlet

    Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20 and the sample standard deviation is $5.

  2. CH8 T Flashcards - Quizlet

    Suppose a research firm conducted a survey to determine the average amount of money steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20 and the sample standard deviation is $5.

  3. SOLUTION: A research firm conducted a survey to determine the ...

    xbar = 20 is the sample mean. sigma = 5 is the population standard deviation. xbar is the point estimate of the population mean mu. It is our best guess at the population mean based on the sample information we gathered/computed. Of course we aren't likely to have xbar and mu match up perfectly.

  4. Chapter 8 Flashcards - Quizlet

    Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20. The population standard deviation is $5.

  5. Solved A research firm conducted a survey to determine the ...

    Question: A research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. They found the distribution of amounts spent per week, followed the normal distribution with the standard deviation of $5. A sample of 49 steady smokers reveal that mean=20. a). What is the point estimate of the population ...

  6. Solved 5. A research firm conducted a survey to determine ...

    Question: 5. A research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. They found the distribution of amounts spent per week followed the normal distribution with a standard deviation of $5. A sample of 49 steady smokers revealed that .

  7. Solved Suppose a research firm conducted a survey to - Chegg

    Statistics and Probability questions and answers. Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20. The population standard deviation is $7.

  8. Suppose a research firm conducted a survey to determine the ...

    A research firm conducted a study to determine the average amount of money that smokers spend on cigarettes during a week. The firm found that the population mean amount that all smokers spend on cigarettes is $20 and the population standard deviation is $5.

  9. A research firm conducted a survey to determine the mean ...

    To determine the 95 percent confidence interval for $\mu$, we use the formula $\bar{X} \pm Z \frac{s}{\sqrt{n}}$, where $\bar{X}$ is the sample mean, $Z$ is the Z-value corresponding to the desired level of confidence, $s$ is the sample standard deviation, and $n$ is the sample size.

  10. Chapter 9, Estimation and Confidence Intervals Video ...

    A large on-demand video streaming company is designing a large-scale survey to determine the mean amount of time corporate executives watch on-demand television. A small pilot survey of 10 executives indicated that the mean time per week is 12 hours, with a standard deviation of 3 hours.