Stock exchange recently reported

Assignment Help Operation Management
Reference no: EM131133559

The New York Stock Exchange recently reported that the average age of a female shareholder is 44 years. A broker in Chicago wants to know whether this figure is accurate for the female shareholders in Chicago. The broker secures a master list of shareholders in Chicago and takes a random sample of 58 women. Suppose the average age for shareholders in the sample is 45.1 years, with a population standard deviation of 8.7 years. Test to determine whether the broker’s sample data differ significantly enough from the 44-years figure released by the New York Stock Exchange to declare that Chicago female shareholders are different in age from female shareholders in general. Use α = .05. If no significant difference is noted, what is the broker’s probability of committing a Type II error: (Round the intermediate values to 3 decimal places. Round the values of z to 2 decimal places. Round your answers to 4 decimal places.)

a. If the average age of a female Chicago shareholder is actually 45 years?

b. If the average age of a female Chicago shareholder is actually 46 years?

c. If the average age of a female Chicago shareholder is actually 47 years?

d. If the average age of a female Chicago shareholder is actually 48 years?

e. Construct an OC curve for these data.

f. Construct a power curve for these data.

Reference no: EM131133559

Questions Cloud

Explain how differentiation strategy enables : Explain how a differentiation strategy enables a business to address the five forces in such a way that it can enjoy high levels of profitability. Explain it for each force separately.
Posted by both sides with zero thresholds : A CSA between a dealer and one of its counterparties states that the collateral has to be postedhas to be posted by both sides with zero thresholds. if the cure period is assumed to be 15days, under what circumstances will the dealers CVA model lead ..
Critical thinking activity a toxic work environment : Quality management for organizational Excellence (by David L. Goetsch and Stanley B. Davis) 8th Edition Chapter 13 Critical Thinking Activity A toxic work environment: Where should she start and how should she proceed. What are the key elements in he..
Quality management for organizational excellence : Quality management for organizational Excellence (by David L. Goetsch and Stanley B. Davis) 8th Edition Chapter 21 Discussion Questions pg. 395 if something is trivial as a missing screw or a broken tool can stop a JIT/Lean production line, how could..
Stock exchange recently reported : The New York Stock Exchange recently reported that the average age of a female shareholder is 44 years. A broker in Chicago wants to know whether this figure is accurate for the female shareholders in Chicago. The broker secures a master list of shar..
Promoting continual improvement : Quality management for organizational Excellence (by David L. Goetsch and Stanley B. Davis) 8th Edition Chapter 19 Critical Thinking Activity Which approach is best? p 349 Join their debate. What approach do you think is best for promoting continual ..
Briefly describe three television commercials : Briefly describe three television(or internet) commercials, one for each type of advertisement, that best represents; 1. Cognitive ads 2. Emotional ads 3. Image ads
Evaluate the project risk response strategies for negative : Analyze and evaluate the project risk response strategies for negative (threats) and positive (opportunities) risks. Negative (threats) risks: Avoid. Transfer. Reduce. Accept. Positive (opportunities) risks: Exploit. Share. Enhance. Accept. Contingen..
Discussing particularly the prerequisites to disciplining : Explain how you would ensure fairness in disciplining, discussing particularly the prerequisites to disciplining, disciplining guidelines and the discipline without punishment approach.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Different models of organizational change

There are many different models of organizational change. Each has advantages and disadvantages. It is up to the organizational development specialist to match the specific model to the current needs of the organization.

  Future of talent management in private sector business

In your own words (3 or 4 paragraphs) what you think is the future of talent management in private sector business. Support your post with additional information from at least two reputable sources (background readings, and/or additional research--li..

  The given table represents a summary of lead time

hindustan aeronautics ltd. supplied aircraft doors to a leading aircraft manufacturer. in 2013 it made a total of 120

  Could the proposed benefits of the daimler-chrysler merger

Could the proposed benefits of the Daimler-Chrysler merger have been achieved though a strategic alliance with little or no equity changing hands?

  The behaviors of supply chain networks

Provide an analysis of the behaviors of supply chain networks and supply chain drivers in your memo. Explain how supply chain impacts distribution of assets and resources.

  What is an affirmative defense and how does it differ

What is an affirmative defense and how does it differ from a negative defense? Why are they so important when drafting the Answer to a Complaint?

  Which selection decision making model

Which selection decision making model is most appropriate for each of the following jobs: a. Elementary school teacher b. Secretary c. Manufacturing plant manager d. Accountant e. College professor For each job explain why you selected the decision m..

  Relationship of hr department to rest of the organization

Explain the relationship of the human resources department to the rest of the organization, especially the "line" departments or patient care functions.

  Explain how maintenance and housekeeping do in fact

Explain how maintenance and housekeeping do in fact help to accomplish main objectives of lean production-delivering value to customer through a flow system.

  During the process what quilt shop managers analyze

Illustrates what capacity planning involves acquisition or disposal of fixed assets like buildings, equipment or facilities. Describe goals which they will pursue also decide upon specific actions for each area of the organization to take in pursui..

  Divergent enough to encourage lively debate

In today’s workplace, it is expected that workers will encounter technology in some form. There are varied perspectives regarding the use of technology in the workplace. Two perspectives are presented and are divergent enough to encourage lively deba..

  Expanded to include guides and maps for the afterlife

In the First Intermediate period and Early Middle Kingdom, pyramid texts were expanded to include guides and maps for the afterlife. These were now known as__________________

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