# Quiz 3 stats

Pages: 13 (4016 words) Published: November 28, 2014
﻿Quiz 3, with key

Question 1 of 20
0.0/ 1.0 Points
Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker.  Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values.  For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not.

The personnel department of a large corporation wants to estimate the family dental expenses of its employees to determine the feasibility of providing a dental insurance plan. A random sample of 12 employees reveals the following family dental expenses (in dollars): 115, 370, 250, 593, 540, 225, 177, 425, 318, 182, 275, and 228.

Construct a 90% confidence interval estimate for the standard deviation of family dental expenses for all employees of this corporation.

Place your LOWER limit, in dollars rounded to 1 decimal place, in the first blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 123.4 would be a legitimate entry.  Correct199.26

Place your UPPER limit, in dollars rounded to 1 decimal place, in the second blank. Do not use a dollar sign, a comma, or any other stray mark. For example, 567.8 would be a legitimate entry.  Correct333.74

Question 2 of 20
1.0/ 1.0 Points
Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker.  Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values.  For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not.

After calculating the sample size needed to estimate a population proportion to within 0.05, you have been told that the maximum allowable error (E) must be reduced to just 0.025. If the original calculation led to a sample size of 1000, the sample size will now have to be  Correct4000 . Place your answer, as a whole number in the blank. For example, 2345 would be a legitimate entry.

Question 3 of 20
0.0/ 1.0 Points
Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker.  Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values.  For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not.

Senior management of a consulting services firm is concerned about a growing decline in the firm’s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm’s full-time employees, the management randomly selected a sample of size 51 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively.

Construct a 90% confidence interval for the standard deviation of the number of hours this firm’s employees spend on work-related activities in a typical week.

Place your LOWER limit, in hours, rounded to 1 decimal place, in the first blank. For example, 6.7 would be a legitimate entry.  Correct6.3

Place your UPPER limit, in hours, rounded to 1 decimal place, in the second blank. For example, 12.3 would be a legitimate entry.  Correct9.3