« previous next »

Author Question: A major shipping company has stated that 96 percent of all parcels are delivered on time. To check ... (Read 46 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jun 24, 2018
A major shipping company has stated that 96 percent of all parcels are delivered on time. To check this, a random sample of n = 200 parcels were sampled. Of these, 184 arrived on time.
 
  If the company's claim is correct, what is the probability of 184 or fewer parcels arriving on time?A) About 0.0019
  B) Nearly 0.24
  C) Just over 0.98
  D) About 0.4981

Question 2

The loan manager for State Bank and Trust has claimed that the mean loan balance on outstanding loans at the bank is over 14,500. To test this at a significance level of 0.05, a random sample of n = 100 loan accounts is selected.
 
  Assuming that the population standard deviation is known to be 3,000, the value of that corresponds to the critical value is approximately 14,993.50. Indicate whether the statement is true or false


frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Major rivers throughout the world. Major rivers throughout the world.
Pectoralis major Pectoralis major
Teres major Teres major
Differentiation of Major Headache Types Differentiation of Major Headache Types
Prepare knee for cold application. Undrape the leg. Check tissues visually and through palpation, ... Prepare knee for cold application. Undrape the leg. Check tissues visually and through palpation, ...
Disitive Time For Fish Disitive Time For Fish
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library