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- Date Submitted: 09/06/2016 12:19 AM
- Category: Business
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- Page: 3

Statistical Analysis Lesson - Solution

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MA260 Assignment

1. Identify and interpret a point estimate for the mean of each of the 5 variables below.

2. Find and interpret a 95% confidence interval for the mean amount stolen

3. Find and interpret a 95% confidence interval for the mean number of bank staff present at the time of the robberies

4. Determine and interpret a 95% confidence interval for the mean number of customers present at the time of of the robberies

5. Determine and interpret a 95% confidence interval for the mean number of bank raiders

6. Obtain and interpret a 95% confidence interval for the mean travel time from the nearest police station to the bank outlet

Variable MEAN Std. Dev

Amount stolen 20,330.5 53,510.2

Number of bank staff present 5.417 4.336

Number of customers present 2.00 3.684

Number of bank raiders 1.637 0.971

Travel time, in minutes from bank to nearest police station 4.557 4.028

Statistical Analysis Lesson - Solution

Click Link Below To Buy:

http://hwcampus.com/shop/statistical-analysis-lesson-solution/

MA260 Assignment

1. Identify and interpret a point estimate for the mean of each of the 5 variables below.

2. Find and interpret a 95% confidence interval for the mean amount stolen

3. Find and interpret a 95% confidence interval for the mean number of bank staff present at the time of the robberies

4. Determine and interpret a 95% confidence interval for the mean number of customers present at the time of of the robberies

5. Determine and interpret a 95% confidence interval for the mean number of bank raiders

6. Obtain and interpret a 95% confidence interval for the mean travel time from the nearest police station to the bank outlet

Variable MEAN Std. Dev

Amount stolen 20,330.5 53,510.2

Number of bank staff present 5.417 4.336

Number of customers present 2.00 3.684

Number of bank raiders 1.637...

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