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A bank wonders whether omitting the annual credit card fee for customers who charge at least $2400 in a year will increase the amount charged on its credit cards. The bank makes this offer to an SRS of 200 of its credit card customers. It then compares how much these customers charge this year with the amount that they charged last year. The mean increase is $332, and the standard deviation is $108. Give a 99% confidence interval for the mean amount of the increase. Does omitting the annual fee induce customers to charge more on their credit cards?
There is a 0.05 probability of thunderstorms in a major U.S. city. If there is a thunderstorm in that city, the probability is 0.28 that a flight departing that major city will be late.
As an aid for improving students' study habit, nine students were randomly selected to attend a seminar on the importance of education in life. The table shows the number of hours each student studied per week before and after the seminar.
At.01 level of significance, is proportion of seeds which germinate dependent on seed type?
Compare the percentage found in b) to percentage given by Empirical Rule and Chebyshev's Rule. (Make a table 3 x 3).
A scatterplot shows a set of data points that are clustered close to a line that slopes down to the right. Which of the following values would be closest to the correlation for these data?
The following data represents 15 quarters of manufacturing capacity utilization (in percentages) Evaluate three and four quarter moving average for this time series. Which moving average provides the better forecast for the fourth quarter of 2003?
Jim's average delivery time was 38 minutes whereas Alison's average delivery time was 40 minutes. The respective standard deviations were 5 minutes and 4 minutes.
Consider the experiment of rolling a pair of dice. Suppose that we are interested in the sum of the face values showing on the dice.
A flour mill produces flour in small bags before distributing them to wholesalers. The average weight of each bags is 8 kg with a standard deviation of 0.5 kg.
Use the five-step p-value approach to hypothesis testing and a 0.05 level of significance to determine whether the proportion of full-time students at Miami University is different from the national norm of 0.46.
Toledo, OH has been experiencing improved economic growth following huge capital investments from companies like Chrysler. You have just been hired by RGP, an agency for facilitating business expansion and location in the Toledo metropolitan area.
Find the probability (type answer as an integer or simplified fraction) of a couple having a baby boy when their fifth child is born, given that the first four children were all boys.
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