Statistical Decision Making - ECRU 2142 HOMEWORK CHAPTER NINE DUE IN CLASS ON January 28, 2010

1) Thirty-six months were randomly sampled and the discount rate on new issues of 91-day Treasury Bills was collected. The sample mean is 4.76% and the standard deviation is 171.21. What is the unbiased estimates for the mean of the population 2) A federal auditor for nationally chartered banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82. If the auditor needed a point estimator for the population mean for all accounts at this bank, what would she use? 3) A simple random sample of 10 students is selected from a large college. For the 10 students, the number of days each was absent during the last semester was to be 3,7,2,1,0,2,4,2,6 and 2. What is the point estimate for ; the mean number of days absent for the colleges students? 4) A simple random sample of 10 students is selected from a large college. For the 10 students, the number of days each was absent during the last semester was to be 3,7,2,1,0,2,4,2,6 and 2. What is the point estimate for 2; the variance of the number of days absent for the colleges students? 5) Delivery time by the courier services is important to stock brokers. One such firm wishes to estimate the average time taken by couriers delivering negotiate securities in New York City. Specifically, the firm randomly samples 36 couriers pickup and delivery times. The collected data, in minutes, represent the time between pickup and delivery. Suppose the population standard deviation is 0.3 minutes and the sample mean is 9.975. Find the sample mean and compute a 90-percent confidence interval for the true mean delivery time, is 6) Your statistics instructor wants you to determine a confidence interval estimates for the mean test scores for the next exam. In the past, the test scores have been normally distributed with a mean of 74.2 and a standard deviation of 30.9. A 95% confidence interval estimate if your class has 30 students is:

In addition, please do the problems I assigned in class.