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Business Statistics Assignment Guide

1. This document outlines 5 individual assignments for a business statistics course. The assignments cover topics like constructing confidence intervals, hypothesis testing, and determining appropriate sample sizes. 2. The first assignment asks students to construct a 95% confidence interval for the population variance and standard deviation of grocery checkout times using a sample mean, size, and known population standard deviation. 3. The second involves finding the 95% confidence interval for the variance and standard deviation of bolt hole diameters based on a sample. 4. The third is a hypothesis test to determine if a soup company's claim about average serving size is correct based on a sample mean and standard deviation. 5. The last two assignments deal with finding 90%

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148 views2 pages

Business Statistics Assignment Guide

1. This document outlines 5 individual assignments for a business statistics course. The assignments cover topics like constructing confidence intervals, hypothesis testing, and determining appropriate sample sizes. 2. The first assignment asks students to construct a 95% confidence interval for the population variance and standard deviation of grocery checkout times using a sample mean, size, and known population standard deviation. 3. The second involves finding the 95% confidence interval for the variance and standard deviation of bolt hole diameters based on a sample. 4. The third is a hypothesis test to determine if a soup company's claim about average serving size is correct based on a sample mean and standard deviation. 5. The last two assignments deal with finding 90%

Uploaded by

tesfa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ADMASS UNIVERSITY

BUSINESS STATISTICS COURSE

INDIVIDUAL ASSIGNMENT

1. Using data on checkout time for a sample of 400 consumers. Coles supermarket
determines that it takes on average 6 minutes for consumers to complete their grocery
purchases at the self-checkout counters. The population standard deviation is known to be
2minutes. The store layout manager would like to construct an interval estimate with a
95%confidence interval (CI) of checkout time in Coles store.
Follows Normal Distribution (Z score)
a) Trying to find: Population Variance
b) Trying to find: Population Standard Deviation
2. In a typical car, bell housings are bolted to crankcase castings by means of a series of
13mm bolts. A random sample of 12 bolt-hole diameters is checked as part of a quality
control process and found to have a variance of 0.0013 mm2 .
(a) Construct the 95% confidence interval for the variance of the holes.
(b) (b) Find the 95% confidence interval for the standard deviation of the holes
3. A company claims that its soup machines deliver exactly 10.0 ounces of soup—no more,
no less. A researcher samples 100 bowls of soup and finds that: X= 10.40 ounces s = 1.20
ounces Test the company’s claim at a .05 significance level
4. The management of a supermarket needs to make estimates of the average daily demand
for milk. The following data are available (number of half-gallon containers sold per
day): 48, 59, 45, 62, 50, 68, 57, 80, 65, 58, 79, 69. Assuming that this is a random sample
of daily demand:
a. Give 90% confidence interval for average daily demand for milk.
b. Give 95% confidence interval for average daily demand for milk μ of population and
compare to 90% confident interval in part a.
c. Explain the meaning of confidence interval and interpret the difference between 90%
confidence interval and 95% confidence interval.
5. The manager at a major U.S. airport wishes to estimate the proportion of flights that
arrived late at the airport last year for a report she must submit to the Civil Aeronautics
Board. She has indicated that a 95% confidence interval is required with a margin of error
of ± 0.02.
a. How large a sample should the airport manager select?
b. Using the sample size determined in part a, suppose the sample proportion, pˆ, is
0.24. Develop the confidence interval and provide the appropriate interpretation for
the airport manager.

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