Domestic cars along with the population standard deviations

Assignment Help Basic Statistics
Reference no: EM13924888

1) Discover Card would like to test the hypothesis that the average credit score for an adult in Dallas is different from the average credit score for an adult in Houston. A random sample of 40 adults in Dallas had an average credit score of 699 and a random sample of 35 adults in Houston had an average credit score of 682. It is believed that the population standard deviation for credit scores is 44 and 41 for Dallas and Houston residents, respectively. Discover Card would like to set α = 0.05. Define Population 1 as Dallas and Population 2 as Houston and use the critical value approach to test this hypothesis.

2) Auto Trader Group (ATG) would like to test the hypothesis that the average age of an imported car on the road is greater than the average age of a domestic car. The following data shows the sample size and the average age of cars for import and domestic cars along with the population standard deviations.

Domestic Import
Sample mean 9.4 years 10.8 years
Sample size 33 36
Population standard deviation 3.2 years 2.8 years
Define Population 1 as import cars and Population 2 as domestic cars. Construct a 90% confidence interval for the difference in population mean and interpret the results.

3) Farmers Insurance Group would like to test the hypothesis that the average number of miles driven per month by a male driver exceeds the average number of miles driven per month by a female driver by more than 50 miles. The following data summarizes the sample statistics for the miles driven per month by each gender. Assume that the population variances are equal.

Male Female
Sample mean 685 580
Sample size 13 16
Sample standard deviation 130 120

Define Population 1 as male drivers and Population 2 as female drivers and use the critical value approach to test this hypothesis with α = 0.05.

4) Holiday Inn Express has developed a training program for its hotel staff in an effort to increase customer satisfaction. The employees at the Philadelphia Midtown location completed the training while the employees at the Philadelphia E Penns Landing location did not. Holiday Inn Express would like to test the hypothesis that the average customer satisfaction score at the Midtown location is higher than the average satisfaction score at the E Penns Landing location. The following data summarizes the sample statistics for customer satisfaction, on a scale of 1 to 100, for each location. Assume that the population variances are unequal.

Midtown E Penns Landing
Sample mean 82.6 78.3
Sample size 25 20
Sample standard deviation 5.0 6.0

Reference no: EM13924888

Questions Cloud

Do you agree with the given view and explain your views : If the Basel Accords want an external rating, it must be done by a rating agency established and supervised by the Basel Committee. Do you agree with this view? Explain your views.
What is the difference between term bonds and serial bonds : What is the difference between term bonds and serial bonds?
Require investors have homogeneous expectations : The CAPM does not require investors have homogeneous expectations, but rather that they have:
What will firms cost of equity be if the firm makes switch : An all equity firm has a cost of capital of 15 percent. The firm is considering switching to a debt-equity ratio of .65 with a pretax cost of debt of 7.5 percent. What will the firm's cost of equity be if the firm makes the switch? Ignore taxes.
Domestic cars along with the population standard deviations : The following data shows the sample size and the average age of cars for import and domestic cars along with the population standard deviations.
Regression and inventories : Charlie's Cycles Inc. has $150 million in sales. The company expects that its sales will increase 5% this year. Charlie's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. What are you..
Discuss basel iii sufficiently equips the financial system : Discuss whether Basel III sufficiently equips the financial system of a country to cope if a bank with a large derivatives book does end up declaring bankruptcy without catastrophic effects.
Find profit and loss account each year and amounts carried : The accounts in Kamau's books for each of the four years 1996, 1997, 1998 and 1999 indicating the amounts to be transferred to the profit and loss account each year and the amounts carried forward at the end of each year.
What is the annual inventory turnover? : Assume that the combined standard deviation of demand during lead time has been calculated and is equal to 20 units.

Reviews

Write a Review

Basic Statistics Questions & Answers

  A computer repair shop gets computers on regular basis for

a computer repair shop gets computers on regular basis for repairs. the repair time between two computers is

  Statement about re-expressing data

Which statement about re-expressing data is not true? I. Unimodal distributions that are skewed to the right will be made more symmetric by taking the square root of the variable.

  The number of cases of tetanus reported in the us during a

the number of cases of tetanus reported in the u.s. during a single month in 1989 has a poisson distribution with a

  Likely females to return to area where population reduced

Biologists suspect that male wolves are more likely than females to return to an area where the population has been greatly reduced.

  Difference in levels of self-esteem between boys and girls

What statistical test did the researchers use to determine if there was a statistically significant difference in levels of self-esteem between the boys and the girls?

  1 a researcher for reasons passing understanding wishes to

1. a researcher for reasons passing understanding wishes to assess the association between gender and total cholesterol

  A preliminary study of hourly wages paid to unskilled

question a preliminary study of hourly wages paid to unskilled employees in three metropolitan areas was conducted.

  Calculate the variance of a binomial distribution

It is known that 60 percent of all registered voters in the 42nd congressional District are Republicans. There registered voters are selected at random from the district. Compute the probability that exactly 2 of the 3 selected are Republicans, u..

  Analysis of variance test

One-way Analysis of Variance (ANOVA) test -  How many treatments are there and  What is the total sample size?

  These are a lot of airplanes that are coming in at a speed

these are a lot of airplanes that are coming in at a speed of six per minute during flights.probability that no

  Finding confidence level for population

Sample size of only 20. Find out a 95% confidence level for population Cp.

  Mean and variance-binomial distribution

A television station estimates that 50% of college students watch the super bowl. For a sample of 120 students selected at random, what is the mean and variance of the number of students who watch the game?

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