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Calculate the population mean margin of error for a 90% confidence interval when sigma is 4 and sample size is 36. Standard IQ test has mean of 98 and standard deviation of 16. We wish to be 90% certain that we are within 8 IQ points of true mean. Find out the sample size.
Playbill magazine reported that the mean annual household income of it's readers is $219,155. Assume this estimate of the mean annual household is based on a sample of 91 house-holds and based on past studies,
What is the sampling distribution of sample means? What is the mean of the sampling distribution of sample means?
The following table presents data on political party affiliation and class level for sample of students in certain university: If the student is selected at random from sample, determine the probability that student is Republican.
If a random sample of 5 observations from one population results in a standard deviation of 12 and the other random sample of 7 observations results in a standard deviation of 7.
Calculate Cohen's d measure effect size for both tests (σ = 20 and σ = 10). Explain how sample size affect outcome of hypothesis test. How does sample size affect measures of effect size?
For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
For the following investigative scenarios, state the null hypothesis, and the alternative hypothesis. Also identify the Type 1 and Type 2 errors which can result based on the hypotheses that you defined.
Medical tests were conducted to learn about drug-resistant tuberculosis. Of 142 cases tested in NJ, 9 were found to be drug-resistant. Of 268 cases tested in Tx, 5 were found to be drug-resistant.
In a clinical study of an allergy drug, 115 of the 204 subjects reported experiencing significant relief from their symptoms. At the 0.01 significance level, test the claim that more than half of all those using the drug experience relief.
What is correlation analysis? How can correlation analysis be used in a business decision or examples specifically related to strategy formulation and implementation?
An attempt was made to evaluate the inflation rate as a predictor of the spot rate in the German treasury bill market. For a sample of 29 quarterly observations the estimated linear regression
Use the trend equation to calculate the points for 2003 and 2005. Plot them on the graph and draw the regression line.
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