« previous next »

Author Question: It is desired to estimate the mean total compensation of CEOs in the Service industry. Data were ... (Read 94 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 24, 2018
It is desired to estimate the mean total compensation of CEOs in the Service industry. Data were randomly collected from 18 CEOs and the 95 confidence interval was calculated to be (2,181,260, 5,836,180). Based on the interval above, do you believe the mean total compensation of CEOs in the Service industry is more than 3,000,000?
 
  A) I am 95 confident that the mean compensation is 3,000,000.
  B) Yes, and I am 95 confident of it.
  C) Yes, and I am 78 confident of it.
  D) I cannot conclude that the mean exceeds 3,000,000 at the 95 confidence level.

Question 2

The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes. The probability is ________ that a product is assembled in more than 11 minutes.
 
  Fill in the blank(s) with correct word


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

0.9772


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

A health history is essential in collecting subjective data about metabolic acidosis. A health history is essential in collecting subjective data about metabolic acidosis.
2006 Data:Top 25 Substances Involved in Human Exposures 2006 Data:Top 25 Substances Involved in Human Exposures
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
Chi-Square Analysis of Mendel's Data Chi-Square Analysis of Mendel's Data
A 16-input multiplexer is to be used to perform parallel-to-serial data conversion. Which of ... A 16-input multiplexer is to be used to perform parallel-to-serial data conversion. Which of ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Kidney Stones

For a complete list of videos, visit our video library