Mathematics
Mathematics, 22.03.2020 09:35, rosehayden21

(2/3)^3 =

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Mathematics, 22.06.2019 01:10, Weser17
Jobs and productivity! how do retail stores rate? one way to answer this question is to examine annual profits per employee. the following data give annual profits per employee (in units of 1 thousand dollars per employee) for companies in retail sales. assume σ ≈ 4.0 thousand dollars. 3.7 6.7 3.6 8.5 7.5 5.9 8.7 6.4 2.6 2.9 8.1 −1.9 11.9 8.2 6.4 4.7 5.5 4.8 3.0 4.3 −6.0 1.5 2.9 4.8 −1.7 9.4 5.5 5.8 4.7 6.2 15.0 4.1 3.7 5.1 4.2 (a) use a calculator or appropriate computer software to find x for the preceding data. (round your answer to two decimal places.) thousand dollars per employee (b) let us say that the preceding data are representative of the entire sector of retail sales companies. find an 80% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit -- thousand dollars upper limit -- thousand dollars (c) let us say that you are the manager of a retail store with a large number of employees. suppose the annual profits are less than 3 thousand dollars per employee. do you think this might be low compared with other retail stores? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are less than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. correct: your answer is correct. (d) suppose the annual profits are more than 6.5 thousand dollars per employee. as store manager, would you feel somewhat better? explain by referring to the confidence interval you computed in part (b). yes. this confidence interval suggests that the profits per employee are greater than those of other retail stores. no. this confidence interval suggests that the profits per employee do not differ from those of other retail stores. (e) find an 95% confidence interval for μ, the average annual profit per employee for retail sales. (round your answers to two decimal places.) lower limit 3.75 incorrect: your answer is incorrect. thousand dollars upper limit 6.41 incorrect: your answer is incorrect. thousand dollars
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Mathematics, 22.06.2019 02:10, Tcareyoliver
Overproduction of uric acid in the body can be an indication of cell breakdown. this may be an advance indication of illness such as gout, leukemia, or lymphoma.† over a period of months, an adult male patient has taken nine blood tests for uric acid. the mean concentration was x = 5.35 mg/dl. the distribution of uric acid in healthy adult males can be assumed to be normal, with σ = 1.87 mg/dl. (a) find a 95% confidence interval for the population mean concentration of uric acid in this patient's blood. what is the margin of error? (round your answers to two decimal places.) lower limit upper limit margin of error (b) what conditions are necessary for your calculations? (select all that apply.) σ is unknown n is large σ is known normal distribution of uric acid uniform distribution of uric acid (c) interpret your results in the context of this problem. there is not enough information to make an interpretation. the probability that this interval contains the true average uric acid level for this patient is 0.05. the probability that this interval contains the true average uric acid level for this patient is 0.95. there is a 95% chance that the confidence interval is one of the intervals containing the population average uric acid level for this patient. there is a 5% chance that the confidence interval is one of the intervals containing the population average uric acid level for this patient. (d) find the sample size necessary for a 95% confidence level with maximal margin of error e = 1.10 for the mean concentration of uric acid in this patient's blood. (round your answer up to the nearest whole number.) blood tests
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(2/3)^3 =

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