Author Question: The U.S. Post Office is interested in estimating the mean weight of packages shipped using the ... (Read 64 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
The U.S. Post Office is interested in estimating the mean weight of packages shipped using the overnight service. They plan to sample 300 packages. A pilot sample taken last year showed that the standard deviation in weight was about 0.15 pound.
 
  If they are interested in an estimate that has 95 percent confidence, what margin of error can they expect?A) Approximately 0.017 pound
  B) About 0.0003 pound
  C) About 1.96
  D) Can't be determined without knowing the population mean.

Question 2

A consumer products company is planning to introduce a new product. The method that is least likely to be used to assess the probability of the product being successful is:
 
  A) classical probability assessment.
  B) subjective assessment.
  C) relative frequency of occurrence.
  D) elementary events.



Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library