The owner of a large equipment rental company wants to make a rather quick estimate of the average number of days a piece of ditch-digging equipment is rented out per person per time. The company has records of all rentals, but the amount of time required to conduct an audit of all accounts would be prohibitive. The owner decides to take a random sample of rental invoices. Fourteen different rentals of ditch-diggers are selected randomly from the files, yielding the following data. She wants to use these data to construct a 99% confidence interval to estimate the average number of days that a ditch-digger is rented and assumes that the number of days per rental is normally distributed in the population. Use only the appropriate formula and/or statistical table in your textbook to answer th

Question
Confidence intervals
The owner of a large equipment rental company wants to make a rather quick estimate of the average number of days a piece of ditch-digging equipment is rented out per person per time. The company has records of all rentals, but the amount of time required to conduct an audit of all accounts would be prohibitive. The owner decides to take a random sample of rental invoices. Fourteen different rentals of ditch-diggers are selected randomly from the files, yielding the following data. She wants to use these data to construct a $$99\%$$ confidence interval to estimate the average number of days that a ditch-digger is rented and assumes that the number of days per rental is normally distributed in the population. Use only the appropriate formula and/or statistical table in your textbook to answer this question. Report your answer to 2 decimal places, using conventional rounding rules.
DATA: 3 1 3 2 5 1 2 1 4 2 1 3 1 1

2020-11-02
Step 1
The formula for $$99\%$$ confidence interval to estimate the average number of days that a ditch-digger rented is given below:
$$\displaystyle{C}{I}=\overline{{X}}\pm{t}_{{\frac{\alpha}{{2}}}}{\left(\frac{s}{{\sqrt{{n}}}}\right)}$$
Step 2
The sample mean and standard deviation can be obtained using Excel:
Enter the data into Excel file.
Enter $$\displaystyle“={A}{V}{E}{R}{A}{G}{E}{\left({A}{1}:{A}{14}\right)}\text{"}$$ to get the sample mean as 14.
Enter $$\displaystyle“={S}{T}{D}{E}{V}.{S}{\left({A}{1}:{A}{14}\right)}\text{"}$$ to get the sample variance as 30.
That is,$$\displaystyle\overline{{X}}={2.14},{s}={1.30}{\quad\text{and}\quad}{n}={14}$$
Step 3
The degrees of freedom corresponding to t distribution is $$\displaystyle{n}-{1}.$$
From the table of student "t" distribution, the critical value corresponding to 13 degrees of freedom is 3.01.
Step 4
The $$99\%$$ confidence interval to estimate the average number of days that a ditch-digger is (1.09, 3.19).
$$\displaystyle{C}{I}=\overline{{X}}\pm{t}_{{\frac{\alpha}{{2}}}}{\left(\frac{s}{\sqrt{{n}}}\right)}$$
$$\displaystyle={2.14}\pm{3.01}{\left(\frac{1.30}{\sqrt{{14}}}\right)}$$
$$\displaystyle={2.14}\pm{3.01}{\left({0.35}\right)}$$
$$\displaystyle={2.14}\pm{1.05}$$
$$\displaystyle={\left({1.09},{3.19}\right)}$$
Answer:$$\displaystyle\le{\left(\text{Click to select}\right)}\sigma{p}{n}\pi\mu{s}{x}-\overline{\le}$$ pounds

Relevant Questions

1. A researcher is interested in finding a 98% confidence interval for the mean number of times per day that college students text. The study included 144 students who averaged 44.7 texts per day. The standard deviation was 16.5 texts. a. To compute the confidence interval use a ? z t distribution. b. With 98% confidence the population mean number of texts per day is between and texts. c. If many groups of 144 randomly selected members are studied, then a different confidence interval would be produced from each group. About percent of these confidence intervals will contain the true population number of texts per day and about percent will not contain the true population mean number of texts per day. 2. You want to obtain a sample to estimate how much parents spend on their kids birthday parties. Based on previous study, you believe the population standard deviation is approximately $$\displaystyle\sigma={40.4}$$ dollars. You would like to be 90% confident that your estimate is within 1.5 dollar(s) of average spending on the birthday parties. How many parents do you have to sample? n = 3. You want to obtain a sample to estimate a population mean. Based on previous evidence, you believe the population standard deviation is approximately $$\displaystyle\sigma={57.5}$$. You would like to be 95% confident that your estimate is within 0.1 of the true population mean. How large of a sample size is required?
You may need to use the appropriate appendix table or technology to answer this question.
Money reports that the average annual cost of the first year of owning and caring for a large dog in 2017 is $1,448. The Irish Red and White Setter Association of America has requested a study to estimate the annual first-year cost for owners of this breed. A sample of 50 will be used. Based on past studies, the population standard deviation is assumed known with $$\displaystyle\sigma=\{230}.$$ $$\begin{matrix} 1,902 & 2,042 & 1,936 & 1,817 & 1,504 & 1,572 & 1,532 & 1,907 & 1,882 & 2,153 \\ 1,945 & 1,335 & 2,006 & 1,516 & 1,839 & 1,739 & 1,456 & 1,958 & 1,934 & 2,094 \\ 1,739 & 1,434 & 1,667 & 1,679 & 1,736 & 1,670 & 1,770 & 2,052 & 1,379 & 1,939\\ 1,854 & 1,913 & 2,163 & 1,737 & 1,888 & 1,737 & 2,230 & 2,131 & 1,813 & 2,118\\ 1,978 & 2,166 & 1,482 & 1,700 & 1,679 & 2,060 & 1,683 & 1,850 & 2,232 & 2,294 \end{matrix}$$ (a) What is the margin of error for a $$95\%$$ confidence interval of the mean cost in dollars of the first year of owning and caring for this breed? (Round your answer to nearest cent.) (b) The DATAfile Setters contains data collected from fifty owners of Irish Setters on the cost of the first year of owning and caring for their dogs. Use this data set to compute the sample mean. Using this sample, what is the $$95\%$$ confidence interval for the mean cost in dollars of the first year of owning and caring for an Irish Red and White Setter? (Round your answers to nearest cent.)$_______ to $________ asked 2020-10-23 1. Find each of the requested values for a population with a mean of $$? = 40$$, and a standard deviation of $$? = 8$$ A. What is the z-score corresponding to $$X = 52?$$ B. What is the X value corresponding to $$z = - 0.50?$$ C. If all of the scores in the population are transformed into z-scores, what will be the values for the mean and standard deviation for the complete set of z-scores? D. What is the z-score corresponding to a sample mean of $$M=42$$ for a sample of $$n = 4$$ scores? E. What is the z-scores corresponding to a sample mean of $$M= 42$$ for a sample of $$n = 6$$ scores? 2. True or false: a. All normal distributions are symmetrical b. All normal distributions have a mean of 1.0 c. All normal distributions have a standard deviation of 1.0 d. The total area under the curve of all normal distributions is equal to 1 3. Interpret the location, direction, and distance (near or far) of the following zscores: $$a. -2.00 b. 1.25 c. 3.50 d. -0.34$$ 4. You are part of a trivia team and have tracked your team’s performance since you started playing, so you know that your scores are normally distributed with $$\mu = 78$$ and $$\sigma = 12$$. Recently, a new person joined the team, and you think the scores have gotten better. Use hypothesis testing to see if the average score has improved based on the following 8 weeks’ worth of score data: $$82, 74, 62, 68, 79, 94, 90, 81, 80$$. 5. You get hired as a server at a local restaurant, and the manager tells you that servers’ tips are$42 on average but vary about $$12 (\mu = 42, \sigma = 12)$$. You decide to track your tips to see if you make a different amount, but because this is your first job as a server, you don’t know if you will make more or less in tips. After working 16 shifts, you find that your average nightly amount is \$44.50 from tips. Test for a difference between this value and the population mean at the $$\alpha = 0.05$$ level of significance.
(a) The company's production equipment produces metal discs weighing 200 g. It should be noted that the weight of the discs corresponds to the normal distribution. To check machine consistency, 20 discs are randomly selected with an average weight of 205 g and a standard deviation of 7 g. What is the 99% confidence interval for the average weight of the selected discs?
(b) A company launched a new model of golf ball. It claimed that the driving distance is at least 300m. A sample of 20 balls yields a sample mean of 295m and sample standard deviation of 8m. It is assumed that the driving distance is normally distributed.
Conduct an appropriate hypothesis testing at the 0.05 level of significance. Is there any evidence that the average travel distance stated by the company is true?
I have a question:
You intend to estimate a population mean $$\displaystyle\mu$$ with the following sample.
54.7
48.9
56.3
43.5
41.5
41.2
54.2
You believe the population is normally distributed. Find the $$99.9\%$$ confidence interval. Enter your answer as an open-interval (i.e., parentheses) accurate to twp decimal places (because the sample data are reported accurate to one decimal place).
$$\displaystyle{99.9}\%{C}.{I}.={\left({35.68},{61.54}\right)}$$Incorrect
Answer should be obtained without any preliminary rounding. However, the critical value may be rounded to 3 decimal places.
Is statistical inference intuitive to babies? In other words, are babies able to generalize from sample to population? In this study,1 8-month-old infants watched someone draw a sample of five balls from an opaque box. Each sample consisted of four balls of one color (red or white) and one ball of the other color. After observing the sample, the side of the box was lifted so the infants could see all of the balls inside (the population). Some boxes had an “expected” population, with balls in the same color proportions as the sample, while other boxes had an “unexpected” population, with balls in the opposite color proportion from the sample. Babies looked at the unexpected populations for an average of 9.9 seconds (sd = 4.5 seconds) and the expected populations for an average of 7.5 seconds (sd = 4.2 seconds). The sample size in each group was 20, and you may assume the data in each group are reasonably normally distributed. Is this convincing evidence that babies look longer at the unexpected population, suggesting that they make inferences about the population from the sample? Let group 1 and group 2 be the time spent looking at the unexpected and expected populations, respectively. A) Calculate the relevant sample statistic. Enter the exact answer. Sample statistic: _____ B) Calculate the t-statistic. Round your answer to two decimal places. t-statistic = ___________ C) Find the p-value. Round your answer to three decimal places. p-value =
You are interested in finding a 95% confidence interval for the mean number of visits for physical therapy patients. The data below show the number of visits for 14 randomly selected physical therapy patients. Round answers to 3 decimal places where possible.
$$9 6 10 15 19 6 23 26 19 16 11 25 16 11$$
a. To compute the confidence interval use a t or z distribution.
b. With 95% confidence the population mean number of visits per physical therapy patient is between ___ and ___ visits.
c. If many groups of 14 randomly selected physical therapy patients are studied, then a different confidence interval would be produced from each group. About ___ percent of these confidence intervals will contain the true population mean number of visits per patient and about ___ percent will not contain the true population mean number of visits per patient.
A psychologist is interested in constructing a $$99\%$$ confidence interval for the proportion of people who accept the theory that a person's spirit is no more than the complicated network of neurons in the brain. 68 of the 702 randomly selected people who were surveyed agreed with this theory. Round answers to 4 decimal places where possible.
a)
With $$99\%$$ confidence the proportion of all people who accept the theory that a person's spirit is no more than the complicated network of neurons in the brain is between ____ and ____.
b)
If many groups of 702 randomly selected people are surveyed, then a different confidence interval would be produced from each group. About ____ percent of these confidence intervals will contain the true population proportion of all people who accept the theory that a person’s spirit is no more than the complicated network of neurons in the brain and about ____ percent will not contain the true population proportion.
Case: Dr. Jung’s Diamonds Selection
With Christmas coming, Dr. Jung became interested in buying diamonds for his wife. After perusing the Web, he learned about the “4Cs” of diamonds: cut, color, clarity, and carat. He knew his wife wanted round-cut earrings mounted in white gold settings, so he immediately narrowed his focus to evaluating color, clarity, and carat for that style earring.
After a bit of searching, Dr. Jung located a number of earring sets that he would consider purchasing. But he knew the pricing of diamonds varied considerably. To assist in his decision making, Dr. Jung decided to use regression analysis to develop a model to predict the retail price of different sets of round-cut earrings based on their color, clarity, and carat scores. He assembled the data in the file Diamonds.xls for this purpose. Use this data to answer the following questions for Dr. Jung.
1) Prepare scatter plots showing the relationship between the earring prices (Y) and each of the potential independent variables. What sort of relationship does each plot suggest?
2) Let X1, X2, and X3 represent diamond color, clarity, and carats, respectively. If Dr. Jung wanted to build a linear regression model to estimate earring prices using these variables, which variables would you recommend that he use? Why?
3) Suppose Dr. Jung decides to use clarity (X2) and carats (X3) as independent variables in a regression model to predict earring prices. What is the estimated regression equation? What is the value of the R2 and adjusted-R2 statistics?
4) Use the regression equation identified in the previous question to create estimated prices for each of the earring sets in Dr. Jung’s sample. Which sets of earrings appear to be overpriced and which appear to be bargains? Based on this analysis, which set of earrings would you suggest that Dr. Jung purchase?
5) Dr. Jung now remembers that it sometimes helps to perform a square root transformation on the dependent variable in a regression problem. Modify your spreadsheet to include a new dependent variable that is the square root on the earring prices (use Excel’s SQRT( ) function). If Dr. Jung wanted to build a linear regression model to estimate the square root of earring prices using the same independent variables as before, which variables would you recommend that he use? Why?
1
6) Suppose Dr. Jung decides to use clarity (X2) and carats (X3) as independent variables in a regression model to predict the square root of the earring prices. What is the estimated regression equation? What is the value of the R2 and adjusted-R2 statistics?
7) Use the regression equation identified in the previous question to create estimated prices for each of the earring sets in Dr. Jung’s sample. (Remember, your model estimates the square root of the earring prices. So you must actually square the model’s estimates to convert them to price estimates.) Which sets of earring appears to be overpriced and which appear to be bargains? Based on this analysis, which set of earrings would you suggest that Dr. Jung purchase?
8) Dr. Jung now also remembers that it sometimes helps to include interaction terms in a regression model—where you create a new independent variable as the product of two of the original variables. Modify your spreadsheet to include three new independent variables, X4, X5, and X6, representing interaction terms where: X4 = X1 × X2, X5 = X1 × X3, and X6 = X2 × X3. There are now six potential independent variables. If Dr. Jung wanted to build a linear regression model to estimate the square root of earring prices using the same independent variables as before, which variables would you recommend that he use? Why?
9) Suppose Dr. Jung decides to use color (X1), carats (X3) and the interaction terms X4 (color * clarity) and X5 (color * carats) as independent variables in a regression model to predict the square root of the earring prices. What is the estimated regression equation? What is the value of the R2 and adjusted-R2 statistics?
10) Use the regression equation identified in the previous question to create estimated prices for each of the earring sets in Dr. Jung’s sample. (Remember, your model estimates the square root of the earring prices. So you must square the model’s estimates to convert them to actual price estimates.) Which sets of earrings appear to be overpriced and which appear to be bargains? Based on this analysis, which set of earrings would you suggest that Dr. Jung purchase?