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A major snack food company has started an advertising campaign claiming that it makes "America's favorite potato chip." To test this claim, a researcher assembles a sample of 90 volunteers and asks each individual to taste the company's chips along with two other brands. Each individual is asked to select a favorite from the three brands. The following data show the number of individuals selecting each brand. Do the data provide significant support for any preferences among the three brands? Test At the .05 level of significance.
Brand A
Brand B
Brand C
38
28
24
The calculated Z test statistic is a positive value that leads to a p-value of .045 for the test. If the significance level (α) is .01, the null hypothesis would be rejected.
Compute the following linear programming problem and describe the special case of a linear programming problem in which.
ACT scores of high school seniors. The scores of high school seniors on the ACT college entrance examination in 2003 had mean JL = 20.80 and standard deviation (J = 4.80. The distribution of scores is only roughly Normal.
Constructing histogram, Using a normal probability plot, Plotting residuals versus x values.
Determine the following probabilities: Events A and B are mutually exclusive events defined on common sample space.
At 95% confidence using the p- value approach, test the hypotheses. Let α = 0.1.
The mean return for a random sample of 33 mutual funds is 14.93 percent with a standard deviation of 9.57. Build a 95 percent confidence interval for mu, population mean.
Develop appropriate hypotheses such that rejection of H0 will support the researcher's contention.
What is the 95% confidence interval estimate of the population mean cost for a prescription of Zocor?
At α = 0.05, is the correctness of the prediction different for the two types of cola drinkers?
There is no proof the new policy is more effective, but we cannot finish the policy has no effect on smog. Interpretation of P-value for the given context.
What is the standard deviation of expected returns for Stock X? For Stock Y?
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