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A recent article in Vitality magazine reported that the mean amount of leisure time per week for American men is 40 hours. You believe this figure is too large and decide to conduct your own test. In a random sample of 60 men, you find that the mean is 37.8 hours of leisure per week and that the standard deviation of the sample is 12.2 hours. Can you conclude that the information in the article is untrue? Use the 0.05 significance level. Determine the p-value and explain its meaning.
The sample mean is 2.59 and the sample standard deviation is .66. Conduct the following test using 95% level of confidence.
Choose any Markov Chain with a 3x3 transition matrix that is irreducible and aperiodic. The reason it needs to be irreducible and aperiodic is because we are looking for a Markov Chain that converges.
At.05 significance level, is there a difference in mean number of calls per day between 2 employees? Compute the p -value?
Illustrate what decision should be made depended on the mini-max regret criterion. Decision based on the Mini-max criterion.
Choose any Statistic business problem and develop a problem statement which can be addressed with survey research. Prepare a 10-13 question survey to collect primary data regarding your selected problem statement.
Dana and Cathy are playing tennis. The probability that Dana wins at least one out of two ames is 0.3. What is the probability that Dana wins at least one out of four?
Is this statistically significant evidence that candidate has sufficient valid signatures overall? Describe.
The structure of a two factor study can be presented as a matrix with levels of one factor determining the rows and the levels of the second factor determining the columns. With this structure in mind, describe the mean differences that are evalua..
Markets can be segmented by the following variables: geographic, demographic, social, or behavior. If you were to select a segmentation variable suited best for the motorcycle market, which variable would you select?
Determine the chance between 39% and 41% of registered voters in sample are Democrats.
Assume rf is 5% and rm is 10%. According to the SML and CAPM, an asset with a beta of -2.0 has a required return of negative 5%[=5-2(10-5)]. Can this be possoble?
You have been asked to help plan a data collection process to answer the two problem areas. Briefly outline a plan to: Collect qualitative data about how the current services are delivered
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