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1) A researcher wishes to estimate the proportion of executives who own a car phone. She wants to be 90% confident and be accurate within 5% of the true proportion. Find the minimum sample size necessary.
2) A survey of 30 adults found that the mean age of a person's primary vehicle is 5.6 years. Assuming that the standard deviation of the population is .8 year, find a 99% confidence interval of the population mean age. Write a sentence that interprets this interval.
Is there a significant difference the four testing conditions?
he population consists of all 15 year olds living in the attendance district of a local high school. You plan to obtain a simple random sample of 200 such residents by using the roster of the high school as the sampling frame.
A 95% confidence interval for the proportion of all adults who bought a lottery ticket in the past year is (assume Gallup used an SRS)
Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.
Is there evidence to suggest a difference in the mean waiting times at the four body shops?
Create a 95 % confidence interval for the true mean. Why might normality be the issue here?
Compute lower and upper quartiles of log10-balances? Determine 95% range of the balances in $s? Express in English what the two boundaries mean.
If probability the first truck is available is= .75, probability the second truck is available is= .50, and probability both are available is= .30, determine the probability which neither truck is available?
Illustrate what decision should be made depended on the mini-max regret criterion. Decision based on the Mini-max criterion.
What are the best-case and worst-case outcomes the owner may face on this product if she implements your suggestion?
To test the difference between two means using two mean z test.
Test hypothesis that calories of two populations are equal. Illustrate all steps of the hypothesis testing process. Points will be deducted for missing parts.
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