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Elementary Statistics Problems

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Question;The personnel department of a large corporation wants to estimate the family dental expenses of its employees to determine the feasibility of providing a dental insurance plan. A random sample of 12 employees reveals the following family dental expenses (in dollars): 115, 370, 250, 593, 540, 225, 177, 425, 318, 182, 275, and 228.Construct a 99% confidence interval estimate for the standard deviation of family dental expenses for all employees of this corporation.Place your LOWER limit, in dollars rounded to 1 decimal place, in the first blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 98.4 would be a legitimate entry.Place your UPPER limit, in dollars rounded to 1 decimal place, in the second blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 567.8 would be a legitimate entry.Senior management of a consulting services firm is concerned about a growing decline in the firm?s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm?s full-time employees, the management randomly selected a sample of size 51 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively.Construct a 99% confidence interval for the standard deviation of the number of hours this firm?s employees spend on work-related activities in a typical week.Place your LOWER limit, in hours, rounded to 1 decimal place, in the first blank. For example, 6.7 would be a legitimate entry.Place your UPPER limit, in hours, rounded to 1 decimal place, in the second blank. For example, 12.3 would be a legitimate entry.Assume 50 random samples of the same sample size are taken from a population, and a 90% confidence interval is constructed from each sample. How many of the intervals would you expect to contain the true population mean?Answer: Round your answer to a whole number value as necessary. For example, 37 would be a legitimate entry.Which of the following will make a confidence interval narrower and more precise?A.Larger sample size and lower confidence levelB.Larger sample size and higher confidence levelC.Smaller sample size and higher confidence levelD.Smaller sample size and lower confidence levelIn a study of elephants a researcher wishes to determine the average weight of a certain subspecies of elephants. From previous studies, the standard deviation of the weights of elephants in this subspecies is known to be 1500 pounds. How many elephants does the researcher need to weigh so that he can be 80% confident that the average weight of elephants in his sample is within 350 pounds of the true average weight for this subspecies?A.39B.166C.31D.50

 

Paper#61325 | Written in 18-Jul-2015

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