# Statistical Analysis Lesson - Solution

## Statistical Analysis Lesson - Solution

Statistical Analysis Lesson - Solution

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 0.971
Travel time, in minutes from bank to nearest police station 4.557 4.028

Statistical Analysis Lesson - Solution

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...