Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 1) for 31 randomly selected rolling stones concert

1) For 31 randomly selected Rolling Stones concerts, the mean gross earnings is 2.61 million dollars....

80.2K

Verified Solution

Question

Basic Math

1) For 31 randomly selected Rolling Stones concerts, the meangross earnings is 2.61 million dollars. Assuming a populationstandard deviation gross earnings of 0.5 million dollars, obtain a99% confidence interval (assume C-Level=0.99) for the mean grossearnings of all Rolling Stones concerts (in millions). Confidenceinterval: ___,___

2) correct interpretation for part 1 answers?

a. 99% chance that the mean gross earnings of all rolling stonesconcerts lies in the interval

b. 99% confident that the mean gross earning for this sample of31 rolling stones concerts lies in the interval

c. 99% confident that the mean gross earning of all rollingstones concerts lies in the interval

d. none of the above

Answer & Explanation Solved by verified expert
4.4 Ratings (869 Votes)
We have given that Sample mean 261 million dollars Population standard    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How do phagocytes eliminate pathogens? What group of pathogens are most easily phagocytosed and why?

Biology
Q

You have a urinary tract infection and after urinating vigorously have your urethra swabbed The...

Biology
Q

A die is rolled The set of equally likely outcomes is 1 2 3 4...

Basic Math
Q

Consider the function f x whose second derivative is f x 9x 8 sin x...

Calculus
Q

A pizza baked at 425 F is removed from the oven at 8 00 PM...

Calculus
Q

Find the inverse function of x 14 T x

Algebra
Q

The pressure exerted by a certain liquid at a given point varies directly as the...

Algebra
Q

Solve the linear inequality Express the solution set using set builder and interval notation Graph...

Algebra
Q

Please answer all the questions provided on all pictures from question 1.1 to 1.5 choosing...

Accounting
Q

Arnott's sells a mix of three related products. Total fixed costs are $144,000. The following...

Accounting
Q

Question 16 1 pts There are many measures of inflation. Which measure track changes in...

Accounting
Q

Indicate the effect of the money supply (No affect, Increase, Decrease) based on the scenario...

Finance