Assume that the data (See attached) represent a random sample from a larger population

| August 30, 2017

uestion
Assume that the data (See attached) represent a random sample from a larger population and do the following:

a.Calculate the exact 95 percent upper and lower confidence limits for the population mean of LOS.

b.Calculate the exact 95 percent upper and lower confidence limits for the population mean of charges.

c. Calculate the exact 95 percent upper limit only for the population mean of charges-that is, the value below which 95 percent of all sample means will be respected to fall.

d. Calculate the exact 95 percent upper and lower confidence limits for the population proportion, which is female.

Use the file generated by selecting one hundred samples of thirty waiting times (see attached data set).

a.Calculate the exact 95 percent upper lower confidence limits for each sample.

b. Use the ( ) statement, as given in Figure 7.3, to determine whether the confidence limits for each sample contain the true population mean.

c. Use ( ) to determine whether the proportion of samples of the one hundred actually contains the true mean of the population within the 95 percent limits.

d. Can you account for the result you got in (c)?

Calculate the approximate size required for each of the following at 95 percent confidence:

a. Standard deviation = 10, (ME) = 0.5, two tail

b. Standard deviation = 10, (ME) = 0.5, one tail

c. Standard deviation = 10, (ME) = 1.5, two tail

d. Standard deviation = 10, (ME) = 1.5, one tail

e.Standard deviation = 35, (ME) = 5, two tail

f. Standard deviation = 35, (ME) = 5, one tail

g.Standard deviation = $3,200, (ME) = 400, two tail

h.Standard deviation = $3,200, (ME) = 400, one tail

A hospital administrator wants to measure average cost per stay in his institution. He is willing to be within $200 of the true value with a probability of 95 percent. An initial investigation of a random sample of ten records determined that the standard deviation of cost was $3,987. How large a sample will need to be taken to meet the administrator’s needs?

Get a 30 % discount on an order above $ 5
Use the following coupon code:
CHRISTMAS
Order your essay today and save 30% with the discount code: CHRISTMASOrder Now
Positive SSL