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A drug manufacturer has hundreds of sales representatives all over the United States. A histogram for yearly sales totals for each representative is roughly bell shaped and symmetric except for 4 high outliers corresponding to representatives in Boston, MA. Their sales totals are at least $60,000 greater than the next highest total. One analyst suggests dropping these 4 totals from the data to get a better summary of the sales across all regions of the country.
(a) If the outliers were to be dropped, which measure of central tendency of the data set would be aected the most { the mean, the median, or the mode? Explain why.(b) The high outliers are dropped from the data and the mean is determined to be $70,000 with a standard deviation of $8,000. For future analysis, management would like to be able to identify sales amounts that are unusually low", which they de ned as being among the lowest 2.5% of all sales amounts. Using the Empirical Rule for this data, what amount should be considered the cut-off for sales amounts being classi ed as unusually low?
You have just started own airline. You have one plane for a route connecting Austin, Boise, and Chicago. One route is Austin-Boise-Chicago and a second route is Chicago-Boise-Austin.
You took a sample of your expenses for 20 weeks and found that the average is $285 and the standard deviation for the sample is $25. Set up your null and alternative hypothesis for testing whether your cists are different and do the analysis using..
For planning purposes, the hospital physician staff would like to know the probability that a given patient is a smoker if the patient has serious illness.
For which of given variables must a "two tail" t-test be applied?
Create an operational definition of your construct using at least three peer-reviewed journal articles as references. Select and list five items used to sample the domain.
Explain the difference between a left-tailed, two-tailed, and right-tailed test with examples from your own experience for each.
Using an investment game, the study demonstrated that people who inhaled oxytocin were more likely to give their money to a trustee compared to people who inhaled an inactive placebo. For this experimental study, identify the independent variable a..
What is the probability that none of the next eight customers who order beer will order light beer? What is the probability that one customer will? What is the probability that two customers will?
Parameter of interest is mean score in this population. Sample is an SRS of size n = 4 drawn from population. Determine the mean of 10 scores in the population.
According to TNS Intersearch, 69% of wireless web users use it primarily for receiving and sending e-mail. Suppose that three wireless web users are selected at random. What is the probability that all of them use it primarily for e-mail?
In order to estimate the average time spent on the computer terminals per student at a local university, data were collected for a sample of 81 business students over a one week period.
If there are 5 choices for a question and there is a 50% chance that the student knows the answer, what is the probability that the student knew the answer to a question he correctly answered?
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