This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A market researcher is interested in studying the incomes of consumers in a particular region. The ... (Read 54 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
A market researcher is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be 1,000 . A random sample of 50 individuals resulted in an average income of 15,000 . What is the upper end point in a 99 confidence interval for the average income?

Question 2

One of the consequences of multicollinearity in multiple regression is biased estimates on the slope coefficients.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wilsonbho

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

UCL = 15,364.87

Answer to Question 2

F


ghost!

  • Member
  • Posts: 560
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int
Region of the Search for Extraterrestrial Intelligence Region of the Search for Extraterrestrial Intelligence
Four approaches to studying the evolution of human behavior. Four approaches to studying the evolution of human behavior.
There are four hospitals (consumers in this example) willing to pay the following amounts for a ... There are four hospitals (consumers in this example) willing to pay the following amounts for a ...
Studying the genetic roots of mating and bonding behavior Studying the genetic roots of mating and bonding behavior
CAP–cAMP complex binding to the CAP binding region CAP–cAMP complex binding to the CAP binding region
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library