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MoE's concessions manager believes the average amount that mall customers spend on food during a visit has increased over the historical average of $18.75, due to the opening of some new upscale restaurants in the mall. Use the data in the file to test his hypothesis.
o What is the null hypothesis?
o Would you reject it at alpha = .05?
One state lottery has 1000 prizes of $1, 200 prizes of $5, 50 prizes of $25, 15 prizes of $150, 4 prizes of $500, and 1 prize of $2500. What is the lottery expected profit per ticket?
Confirm whether given random variable is binomial distribution or not. If this experiment is finished with replacement, explain why.
In the last quarter of 2007 a group of 64 mutual funds had a mean return of 0.9% with a standard deviation of 5.2%. Consider the normal model N(0.009.052) for the returns of these mutual funds.
In 35 of their stores they sold on the average 430 suits per year with a population standard deviation of 40. What is the test value for their claim?
Critically discuss the purpose of developing a frequency distribution? What is the relationship between the relative frequency and the cumulative frequency? Could a frequency distribution contain qualitative data? Why?
Recall that in Exercise 45 the personnel director for Electronics Associates developed the following estimated regression equation relating an employee's score on a job satisfaction test to length of service and wage rate.
Bougainvilleas, mean growth rate was 2.23 inches/week and sample standard deviation was 0.77 inches/week. Determine a 90% confidence interval for mean growth rate of all Bougainvilleas.
A large tank of fish from a hatchery is being delivered to a lake. The hatchery claims that the mean length of fish in the tank is 15 inches, and the standard deviation is 2 inches. A random sample of 36 fish is taken from the tank.
Explain finding value of test statistic and P-value also understand the result. At the .01 significance level can we compute that the mean fare has increased.
Illustrate is the range of values for a coefficient of correlation. Illustrate degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate.
If we were to repeat an experiment a large number of times and calculate a statistic such as the mean for each experiment, the distribution of these experiments would be called?
If you randomly assign participants to groups, can you suppose the groups are equivalent at the beginning of the study?
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