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A financial analyst is interested in comparing the turnover rates, in percent, for shares of oil-related stocks versus other stocks, such as GE and IBM. She selected 32 oil-related stocks and 49 other stocks. The mean turnover rate of oil-related stock is 31.4 percent and the standard deviation 5.1 percent. For the other stocks, the mean rate was computed to be 34.9 percent and the standard deviation 6.7 percent. Is there a significant difference in the turnover rates of the two types of stock at the 0.01 level of significance? Calculate the p-value.
Repeating this experiment many times with different samples, what values for the sample means would be possible? What values would repeat more often?
Give an example from everyday life where you could use the Normal distribution to determine the probability of something. What is a z score and how could calculating a z help you in a business situation?
a psychology class consists of 14 business students and 21 non-business students. sixteen students in this class are
suppose a recent poll of american househoolds about pet ownership found that for households with one pet 39 owned a dog
A chemical reaction is run 12 times, and the temperature xi (in oC) and the yield yi (in percent of a theoretical maximum) is recorded each time. Compute the least-squares estimates and. Compute the error variance estimate s2. Find 95% confidence in..
disks of polycarbonate plastic from a supplier are analyzed for scratch and shock resistance. the results from 100
Assume that the average life of a bulb is 1,000 hours and that this failure time follows the exponential distribution. What is the probability that a randomly selected bulb will last between 900 and 1200 hours? Round to four decimal places
The Food King Chain employs more than 3,000 people. The worker's ages are approximately normally distributed, with a mean of 31 years and a standard deviation of 4.3 years.
A reporter took a simple random sample of 725 voters in a region that has a population of 12,457. He recorded that 338 of the persons polled favored Issue 1 on the ballot.
An employee may retire at any age from 63 to 65, with a reduction in pension income of 5% per year. Find a formula for the actuarial present value of the pension benefits.
A firm plans to hire 100 employees during the year. It expects that 25 of these employees will obtain graduate degrees within the next 5 years of being hired. In addition, 35 employees will leave the firm within 5 years.
At 0.05 level of significance, is there enough evidence to conclude that difference exists between proportion of students who have ear infections at one school and the other?
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