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According to the Center on Budget and Policy Priorities article "Curbing Flexible Spending Accounts Could Help Pay for Health Care Reform" (revised June 10, 2009), flexible spending accounts encourage the over-consumption of health care; people buy things they do not need, otherwise they lose the money. In 2007, for those that did not use all of their account (about one out of every seven), the average amount lost was $723.
Suppose a random sample of 150 employees who did not use all of their funds in 2009 is taken and an average amount of $683 was lost. Test the hypothesis that there is no significant difference in the average amount forfeited. Assume that σ = $307 per year. Use α = 0.05.
a. Define the parameter.b. State the null and alternative hypotheses.c. Specify the hypothesis test criteria.d. Present the sample evidence.e. Find the probability distribution information.f. Determine the results.
please read through the case scenario shown below to gain an understanding of the background information and the
According to nielsen media research, children (2-11 years old) spend an average of 21.50 hours watching television per week while teens(12-17 years old) spend an average of 20.67 hours per week. based on the statistics below, there is a suffi..
Briefly describe why life insurers typically invest most
Calculate the mean and standard deviation of the G-7 data on unemployment rates. b. Calculate the individual z-scores of the unemployment rates for Canada and Japan. Describe what these z-score values mean in words.
problem1 1. using if filter the data for these students into a column which contains the heights of only female
Internet and the articles database in the library for a real-life illustration of simulation. For hint, type the word "Simulation" followed by a topic of interest to you. Carefully review the search item.
a) Explain why ground-wave propagation is more effective over sea water than dessert terrain. b) Why do stations in the AM broadcast band always use vertically polarized antennas
Recorded the time in seconds it took for 8 participants to solve a puzzle. These times appear below. However, when the data was entered into the statistical program, the score that was supposed to be 22.1 was entered as 21.2. You had calculate..
Peter hopper, director of quality control for harley davidson
A certain printer cartridge has demonstrated a mean time usage of 9 hours and a standard deviation of 22 minutes. What time usage guarantee (in hours) should the manufacturer advertise in order to ensure that only 4% of the cartridges fail to ..
Estimate the population mean, and the population standard deviation is unknown, we are hit with a "double whammy" when it comes to the margin of error. Explain what the "double whammy" is and why it occurs. (Hint: Consider the sources of variation in..
What would be the 80th percentile for height?
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