Standard error of the mean difference

Assignment Help Accounting Basics
Reference no: EM131008590

1. In order to judge whether the program is successful, the manager of the supermarket chain in Exercise 21 wants to know the plausible range of values for the mean increase in customers using the program. Construct a 90% confi- dence interval.

2. A new operating system is installed in every worksta- tion at a large company. The claim of the operating system manufacturer is that the time to shut down and turn on the machine will be much faster. To test it an employee selects 36 machines and tests the combined shut down and restart time of each machine before and after the new operating system has been installed. The mean and standard devia- tion of the differences (before - after) is 23.5 seconds with a standard deviation of 40 seconds.

a) What is the standard error of the mean difference?

b) How many degrees of freedom does the t-statistic have?

c) What is the 90% confidence interval for the mean dif- ference?

d) What do you conclude at = 0.05?

Reference no: EM131008590

Questions Cloud

Find the rate of change of f at the given point : Find the rate of change of f at the point (1, π/6) in the direction (4, - 3). Find the vector u that maximises Duf (1, pi/6) and find the value of Duf (1, pi/6) for that u.
Expertise in statistical sampling methods : Statistical training. The accounting firm described in Exercise 30 is interested in providing opportunities for its auditors to gain more expertise in statistical sampling methods.
Hot dogs and calories-hot dogs and sodium : The Consumer Reports article de- scribed in Exercise 25 also listed the sodium content (in mg) for the various hot dogs tested. A test of the null hypothesis that beef hot dogs and meat hot dogs don't differ in the mean amounts of sodium yields a ..
Change from the percentage of completion method by a company : Change from the percentage-of-completion method by a company in the long-term construction industry.
Standard error of the mean difference : a) What is the standard error of the mean difference? b) How many degrees of freedom does the t-statistic have? c) What is the 90% confidence interval for the mean dif- ference? d) What do you conclude at a = 0.05?
Compute the mean difference : a) Are the data paired? Explain. b) Compute the mean difference. c) Compute the standard deviation of the differences. d) Compute the standard error of the mean difference.
Find the path followed by a heat seeking particle : The temperature field in the neighborhood of (π / 4, 0) is given by T(x, y) = square root 2 e-y cos (x). Find the path followed by a heat seeking particle originating at (π / 4, 0).
Results in number of customer visits : They want to test the hypoth- esis that there is no mean difference in traffic against the alternative that the program increases the mean traffic. Here are the results in number of customer visits to the 10 stores:
Retrospective restatement usually is appropriate for a chang : Retrospective restatement usually is appropriate for a change in :

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fireout inc manufactures steel cylinders and nozzles for

fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher

  Production beginning inventory 1600 units that are 100

production beginning inventory 1600 units that are 100 complete as to materials and 30 complete as to conversion costs

  Purchased inventory on credit from a british company

Prepare the journal entry of Jacher Company to record the payment.

  There was no gain or loss on the sales of the long-term

the following information is available for the fletchers corporationfletchers corporationbalance sheetsat december

  What is the epeat tool? how is it used

What is the EPEAT tool? How is it used?

  Heathrow issues 1600000 of 9 15-year bonds dated january 1

heathrow issues 1600000 of 9 15-year bonds dated january 1 2011 that pay interest semiannually on june 30 and december

  Problem regarding the house sales

The realty company in Exercise 21b looks at a recent sample of houses that have sold. On testing the null hypothesis that 50% of the houses take more than three months to sell against the hypothesis that more than 50% of the houses take more than ..

  What is bs capital balance after the admittance

B and O are partners that share income in a ratio of 2:3, with capital balances of $50,000 and $30,000, respectively. R is admitted into the partnership by investing $20,000, and is given 40% interest. What is Bs capital balance after the admitta..

  Estimating the cost forecast modeling

Chandler Bing is product safety manager at Tribbiani-Buffay Products, Inc., a Las Vegas-based producer of data processing equipment. Bing is evaluating the cost effectiveness of a preventive maintenance program. Bing believes that monthly down- ti..

  Round amounts to the nearest dollar

Round amounts to the nearest dollar.

  Forensic and investigative accounting

The legal statutes and insurance policy coverage identify a number of loss categories from a cyber attack. In the list of losses is one for "general injuries". Identify one general injury that might be suffered during a cyber attack.

  Choose five attributes to describe yourself

Choose 5 attributes to describe yourself. These should be a mixture of ascribed and achieved statuses - How do these attributes contribute to how you view yourself and how you view others?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd