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Assignment - Theory of Estimation

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Atul Sangal (SUSBS Associate Professor)
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15 views2 pages

Assignment - Theory of Estimation

Uploaded by

Atul Sangal (SUSBS Associate Professor)
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Atul Sangal –BRM I

School of Management
JRE Group of Institutions
Assignment
Theory of Estimation

Q.1 A process produces bags of refined sugar. The weight of the contents of these bags is
normally distributed with standard deviation 1.2 ounces. The contents of random sample of
twenty-five bags had mean weight 19.8 ounces. Find a 95% confidence interval for the true
mean weight for all bags of sugar produced by the process.

Q.2 A random sample of 172 accounting students was asked to rate the importance of particular
job characteristics on a scale from one (not important) to five (extremely important) 2. For
“job security,” the sample mean rating was 4.38 and the sample standard deviation was .70.
Find a 99% confidence interval for the population mean.

Q.3 A random sample of six cars form a particular model year had the following fuel
consumption figures, in miles per gallon:
18.6 18.4 19.2 20.8 19.4 20.5
find a 90% confidence interval for the population mean fuel consumption for cars of this
model year, assuming that the population distribution is normal.
Q.4 In a study of the effect of mergers in the motor carrier industry 5, a random sample of
seventeen merged carriers was examined, and their increase in the growth rate of truckload
tons of revenue freight in the post merger period, compared with the premerger period, was
measured. For each of these sample carriers, a non merged firm with similar location and
size characteristics was examined for comparison. The difference between the increased
growth rate for the merged firm and the corresponding non merged firm was calculated. The
sample values had mean .105 and standard deviation .440. find a 95% confidence interval
for the population mean, assuming that the population distribution is normal.

Q.5 A random sample of 142 company recruiters on college campus was asked what role grades
play in the consideration of a candidate. Of these sample members, 87 answered “critical”,
“extremely important” or very important. Find a 95% confidence interval for the population
proportion of company recruiters with this view.

Q.6 A random sample of fifteen pills for headache relief showed a standard deviation of .8% in
the active ingredient. Find a 90% confidence interval for the population variance for these
pills.
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Atul Sangal –BRM I

Q.7 For a random sample of ninety-six smokers, the mean amount of short-term absenteeism
from work was 2.15 hours per month, and the sample standard deviation was 2.09 hours per
month. For independent random samples of 206 employees who had never smoked, the
mean amount of absenteeism was 1.69 hours per month, and the sample standard deviation
was 1.91 hours per month. Find a 99% confidence interval for the difference between the
two population means.

Q.8 Independent random samples of professors and chief executive officers were asked to
evaluate the relevance to managerial practice of strategic management research over the past
decade on a scale from one (declined substantially) to five (improved substantially). The
sample of 321 professors produced a mean rating of 3.01, and sample standard deviation
1.09.For the sample of 94 chief executive officers the mean rating was 2.88 and the sample
standard deviation was 1.01. denoting by µx the population mean for professors and by µy
the population mean for chief executive officers, find a 95% confidence interval for (µ x- µy).

Q.9 In a study of the effects of planning on the financial performance of banks, a random sample
of six “partial formal planners” showed mean annual percentage increase in net income of
9.972 and a standard deviation of 7.470. An independent random sample of nine banks with
no formal planning system had a mean annual percentage increase in net income of 2.098
and a standard deviation of 10.834. assuming that the two population distributions are
normal with the same variance, find a 90% confidence interval for the difference between
their means.

Q.10 In a survey of client-sponsored projects (CSPs) in college marketing courses, faculty


members who used CSPs were presented with the statement “CSPs are too time-consuming
for faculty.” Of a sample of ninety-two CSP users in schools accredited by the American
Assembly if Collegiate School of Business, forty-nine agreed with this statement. Of an
independent sample of eighty-six CSP users in non accredited schools, thirty-six agreed
with the statement. if the respective population proportions are denoted p x and py, find a 90%
confidence interval for (px-py).

Q.11 Independent random samples of male and female senior accounting students were taken. Of
120 men, 107 expected to be working full time ten years later. Of 141women, 73 had his
expectation. Find a 95% confidence interval for the difference between the two population
proportions.

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