Can value be rejected if survey of homes yields lawn mowers

Assignment Help Basic Statistics
Reference no: EM13156369

A nationwide study of homeowners revealed that 64% have one or more lawn mowers. A lawn equipment manufacturer feels the estimate is too low for households in British Columbia. Can the value 0.64 be rejected if a survey of 490 homes in BC yields 331 with one or more lawn mowers? Use α = 0.05.

Reference no: EM13156369

Questions Cloud

Investigation of the reaction between copper ions : what would be the chemical equation to this problem? In an investigation of the reaction between copper(II) ions, Cu2+, and hydrazine, N2H4, in alkaline conditions the following observations were made: 25 mL of a solution containing 25 g/L CuSO4.5..
Accounting records to the acquired asset : Equipment with an estimated market value of 75,000 is offered for sale at 95,000. the equipment is acquired for 30,00 in cash and a not payable of 50,000 due in 30 days the amount used in the buyers accounting records to the acquired asset is what..
Research on brain development : Explain how this research on brain development can be of use to child development professionals as a group and to your own future work with young children and families.
Explain alkenes can have cis-trans isomerism : .Alkenes can have cis-trans isomerism. b.Alkenes are chemically reactive at the double bond. c.Alkenes are nonpolar compounds. d.Alkenes are less dense than water
Can value be rejected if survey of homes yields lawn mowers : Estimate is too low for households in British Columbia. Can the value 0.64 be rejected if a survey of 490 homes in BC yields 331 with one or more lawn mowers?
Gain and net reduction in retained earnings : On that date, when the market price of Matile was $14 per share, there were 270,000 shares of Stinson outstanding. What gain and net reduction in retained earnings would result from this property dividend?
What is expected amount of return investment will produce : Assume that an investment is forcasted to produce the following returns: a 20% probability of a $1200 return; 50% probabilty of a $5600 return and 30% probabilty of $9500 return. What is the expected amount of return this investment will produce?
Why is timing not so critical with h2s readings : As mentioned in the theory, the fermentation readings with KIA must take place between 18 and 24 hours after inoculation.Why is timing not so critical with H2S readings?
Deduction for organizational expenses : Assume Coral Corporation makes an appropriate and timely election under § 248. What is Coral's deduction for organizational expenditures for 2010?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determining lowest weight a student

Determine the lowest weight a student can have and still be qualified to enter the school.

  Multiple regression analysis-airplane passengers

The demand for airplane passengers (Y) is a function of a average fare (X1), the fare of the competing airline, and the annual per capital income of the passengers(X3)

  Difference between population proportions

It is asserted that a greater proportion of males (= x 1 ) contribute to charity than females (= x 2 ). A survey of male and female contributors to charity showed that of 900 males surveyed

  Estimate the average time spent on computer terminals

Sample of 81 business students over a one-week period. Assume the population standard deviation is 1.8 hours. with a ,95 probability, the margin of error is approximately.

  Interpreting the p-value

In 280 trials with a professional touch therapist, correct responses to a question were obtained 1223 times. The P-value of 0.979 is obtained when testing the claim that p > 0.5 (the proportion of correct responses is greater than the proportion o..

  Mean weight of adult women

To investigate this belief, he randomly samples 41 adult women and records their weights. The scores have a mean of 111 lbs. and a standard deviation of 12.4. A local census taken several years ago shows the mean weight of adult women was 115 lbs.

  Paired-samples t-test

The Stroop task is when color words are printed in the wrong color; for example, the word red might be printed in the color blue.

  Finding asset beta and wacc

ABC Corp. is a firm with all-equity financing. Its equity beta is .80. The Treasury bill rate is 4 per cent and, and the market risk premium is expected to be 10 per cent. What is ABC's asset(equity) beta?

  Significant relief from their symptoms

In a clinical study of an allergy drug, 112 of the 210 subjects reported experiencing significant relief from their symptoms. At the 0.01 significance level,

  Service charge for direct-deposit customers

The following data represent the service charge for direct-deposit customers if a customer's account falls below the minimum required $1,500 balance for a sample of 26 banks.

  Estimating binomial probability distribution

An airline has flights from a small airport connecting with Ohare. These small planes carry 30 passengers. The airline knowing that only 85% of booked passengers routinely show up for a randomly selected flight routinely sell 31 tickets for each f..

  Business statistics-academic response

Explain the difference of your outlook on statistics after having studied it for whatever period of time you have done so as oppose to the time before taking up the study.

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