Confidence intervals | Financial markets homework help

Using Confidence Intervals and Hypothesis Testing

Imagine that you are an expert in Website Analytics, and you have been hired to manage a company’s websites.  A successful website is one where visitors come and spend time on the site.  More time spent on the site is desirable because you can then convince advertisers to pay you to place their ads on your sites.  You have been asked to analyze performance of the following websites: – “Watching Grass Grow”, a website showing real-time video of a field of grass growing on the lawn.  Some data collection analysis of WGG visitors showed that out of 100 unique visitors, the average duration was equal to 2 minutes, with a standard deviation equal to 20 minutes.

  1. With 99% confidence, calculate an interval that estimates the true duration of time a visitor would spend on the WGG site. 
  2. Test the hypothesis that  “visitors do not spend a significant amount of time on the WGG site.”  Would you conclude that this is an accurate statement?  
  3. Based on your analysis, would you recommend that advertisers buy time and space to display their ads on the WGG site? Explain 

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 20% with the discount code RESEARCH