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For the following situation, assume the random variable is normally distributed and use a normal distribution or a t-distribution to construct a 90% confidence interval for the population mean. If convenient, use technology to construct the confidence interval.
a) In a random sample of 10 adults from a nearby county, the mean waste generated per person, per day was 4.58 pounds and the standard deviation was 1.18 pounds.
b) Repeat part (a), assuming the same statistics came from a sample size of 400. Compare the results.
For the sample of 10 adults, the 90% confidence interval is ??
Now assume the sample came from a sample size of 400.
Last school year, student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors. A sample of 300 students taken from this year's student body showed the following number of students in each classificati..
A commuter travels many miles to work each morning. She has timed this trip 5 times throughout the last month. The time (in minutes) required to make this trip was 44, 39, 41, 35, and 41.
What information is provided by the numerical value of the Pearson correlation? For the following scores, compute the Pearson correlation:
Suppose that it is a presidential election year and Ohio is one of the 'swing' states. Your polling company wants to conduct a presidential preference poll of the citizens of Ohio to predict which candidate will win the election.
Student team examined parked cars in 4 different suburban shopping malls. One hundred vehicles were studied in each location. Research question : At α = . 05.
The market model relating the rate of return of stock XYZ (denoted RXYZ) to the rate of return Of a broader index of the stock market (denoted RM) is reported as:
Briefly state the evaluation criteria for using a computed regression equation; specifically, comment on the coefficient of determination, correlation coefficient, and standard error of the estimate.
Carpet City wants to develops a means to forecast it carpet sale. The store manager believes that the store's sale are directly related to the number of new housing starts in town.
Find the strategy that maximizes the manufacturer's expected net earnings and Should the manufacturer routinely obtain credit rating reports on those retailers who seek credit approval? Why or why not?
How large a sample is required if the 97 percent level of confidence is used and the estimate is to be within $2,500? The standard deviation is $16,000.
A confidence interval increases in width as:
What would be a good example of a null and alternative hypotheses for a decision relevant in life? What Type I and Type II errors could occur with your decision-making process?
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