Evidence to reject the null hypothesis

Assignment Help Accounting Basics
Reference no: EM13923571

STAT 200 FINAL EXAM - Complete Solution

1. True or False. Justify for full credit.

(a) The volume of milk in a jug of milk is 128 oz. The value 128 is from a discrete data set.

(b) If the variance from a data set is zero, then all the observations in this data set must be zero.

(c) P( A AND Ac ) 0, where Ac is the complement of A.

(d) The mean and median for a normal distribution are always the same.

(e) In a hypothesis testing, if the p-value is less than the significance level α, we do not ?have sufficient evidence to reject the null hypothesis. Refer to the following frequency distribution for Questions 2, 3, 4, and 5. Show all work. Just the answer, without supporting work, will receive no credit.

2. A random sample of 25 customers was chosen in UMUC MiniMart between 3:00 and 4:00 PM on a Friday afternoon. The frequency distribution below shows the distribution for checkout time (in minutes).

Checkout Time (in minutes)

Frequency

Relative Frequency
1.0 - 1.96
2.0 - 2.98
3.0 - 3.9
4.0 - 5.95
Total

3. Complete the frequency table with frequency and relative frequency.

  • What percentage of the checkout times was less than 3 minutes?
  • In what class interval must the median lie? Explain your answer.
  • Assume that the largest observation in this dataset is 5.8. Suppose this observation were ?incorrectly recorded as 8.5 instead of 5.8. Will the mean increase, decrease, or remain the same? Will the median increase, decrease or remain the same? Why?
  • Refer to the following information for Questions 6, 7, and 8. Show all work. Just the answer, without supporting work, will receive no credit.
  • A 6-faced die is rolled two times. Let A be the event that the outcome of the first roll is an even number, and B be the event that the outcome of second roll is greater than 4.
  • How many outcomes are there in the sample space?
  • What is the probability that the outcome of the second roll is greater than 4, given that the first roll is an even number?
  • Are A and B independent? Why or why not?

Refer to the following situation for Questions 9, 10, and 11.
The five-number summary below shows the grade distribution of two STAT 200 quizzes.
Minimum

Q1
Median
Q3Maximum
Quiz 112406095100

Quiz 2
20

35

50
90100

For each question, give your answer as one of the following: (a) Quiz 1; (b) Quiz 2; (c) Both quizzes have the same value requested; (d) It is impossible to tell using only the given information. Then explain your answer in each case. (5 pts each)

  • Which quiz has less interquartile range in grade distribution?
  • Which quiz has the greater percentage of students with grades 90 and over?
  • Which quiz has a greater percentage of students with grades less than 60?
  • Refer to the following information for Questions 12 and 13. Show all work. Just the answer, without supporting work, will receive no credit.
  • There are 1000 juniors in a college. Among the 1000 juniors, 200 students are taking STAT200, and 100 students are taking PSYC300. There are 50 students taking both courses.
  • What is the probability that a randomly selected junior is taking at least one of these two courses? (10 pts)
  • What is the probability that a randomly selected junior is taking PSYC300, given that he/she is taking STAT200? (10 pts)

UMUC Stat Club is sending a delegate of 2 members to attend the 2015 Joint Statistical Meeting in Seattle. There are 10 qualified candidates. How many different ways can the delegate be ?selected?

  • Imagine you are in a game show. There are 4 prizes hidden on a game board with 10 spaces. One prize is worth $100, another is worth $50, and two are worth $10. You have to pay $20 to the host if your choice is not correct. Let the random variable x be the winning. Show all work. Just the answer, without supporting work, will receive no credit.
  • What is your expected winning in this game?
  • Determine the standard deviation of x. (Round the answer to two decimal places.)

4. Mimi just started her tennis class three weeks ago. On average, she is able to return 20% of her opponent's serves. Assume her opponent serves 8 times. Show all work. Just the answer, without supporting work, will receive no credit.

(a) Let X be the number of returns that Mimi gets. As we know, the distribution of X is a binomial probability distribution. What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively?

(b) Find the probability that that she returns at least 1 of the 8 serves from her opponent.

(c) How many serves can she expect to return? ?
Refer to the following information for Questions 17, 18, and 19. Show all work. Just the answer, without supporting work, will receive no credit.

The heights of pecan trees are normally distributed with a mean of 10 feet and a standard deviation of 2 feet.
What is the probability that a randomly selected pecan tree is between 10 and 12 feet tall?
Find the 3rd quartile of the pecan tree height distribution.
If a random sample of 100 pecan trees is selected, what is the standard deviation of the sample mean?

A random sample of 225 SAT scores has a sample mean of 1500. Assume that SAT scores have a population standard deviation of 300. Construct a 95% confidence interval estimate of the mean SAT scores. Show all work. Just the answer, without supporting work, will receive no credit.
Consider the hypothesis test given by
0:p 0.5
1:p 0.5?
In a random sample of 225 subjects, the sample proportion is found to be pˆ 0.51.

(a) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(b) Determine the p-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(c) Is there sufficient evidence to justify the rejection of H0 at the a=0.01 Explain.

5. Consumption of a large amount of alcohol is known to increase reaction time. To investigate the effects of small amounts of alcohol, reaction time was recorded for five individuals before and after 2 ounces of alcohol was consumed by each. Does the data below suggest that the consumption of 2 ounces of alcohol increases mean reaction time?

Assume we want to use a 0.01 significance level to test the claim.
(a) Identify the null hypothesis and the alternative hypothesis. ?
(b) Determine the test statistic. Show all work; writing the correct test statistic, without ?supporting work, will receive no credit. ?
(c) Determine the p-value. Show all work; writing the correct critical value, without ?supporting work, will receive no credit. ?
(d) Is there sufficient evidence to support the claim that the consumption of 2 ounces of alcohol increases mean reaction time? Justify your conclusion.

6. A STAT 200 instructor is interested in whether there is any variation in the final exam grades between her two classes Data collected from the two classes are as follows:

Her null hypothesis and alternative hypothesis are:

7. Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit. ?
b. Determine the p-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit. ?
(c) Is there sufficient evidence to justify the rejection of H0 at the 0.01 Explain.

Reference no: EM13923571

Questions Cloud

Chain-of-command systems : Question 1. A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) _____. Question 2: Which of the following chain-of-command systems was ..
Calculate the number of futures contracts required to hedge : Calculate the number of futures contracts required to hedge $15 million of Andrew's portfolio, using the data shown. State whether the hedge is long or short. Show all calculations.
What is the biggest challenge posed by egoism : What is a code of conduct? What is its role within an organization? What is the biggest challenge posed by egoism? Summarize the influences of diversity within a workplace
Describe the event and its overall impact : Describe the event and its overall impact, Evaluate business impact both: In general - how did it impact businesses - what was closed, what continued to function
Evidence to reject the null hypothesis : A random sample of 25 customers was chosen in UMUC MiniMart between 3:00 and 4:00 PM on a Friday afternoon. The frequency distribution below shows the distribution for checkout time (in minutes).
Describe csr policies in david mcquarie company : Describe CSR policies in david mcquarie company.
Discuss the relationship among governments : Discusses intellectual property theft and counterfeiting. Discuss the relationship among governments, institutions, organizations, and companies in developing the legal means to fight software piracy
Internal rate of return of an investment : Using the tables above, what would be the internal rate of return of an investment of $210,600 that would generate an annual cash inflow of $50,000 for the next 5 years.
Purpose for an initial contact : 1) A consultant is best described as

Reviews

Write a Review

Accounting Basics Questions & Answers

  What would be the expected cost of goods sold

Davis Corporation has a sales budget for next month of $600,000. Cost of goods sold is expected to be 30 percent of sales. All goods are purchased in the month used and paid for in the month following purchase.

  You have been nominated by your institution for a seminar

you have been nominated by your institution for a seminar because of your proficiency in basic accounting concepts. the

  Carr company is considering two capital investment

carr company is considering two capital investment proposals. estimates regarding each project are provided below

  Gesture inc reports warranty expense when related products

gesture inc reports warranty expense when related products are sold. for tax purposes the warranty costs are deductible

  In an essay of 1250-1500 words comprehensively discuss

in an essay of 1250-1500 words comprehensively discuss causal factors the implications and possible mitigation

  Armstrong corporation manufactures bicycle parts the

armstrong corporation manufactures bicycle parts. the company currently has a 20400 inventory of parts that have become

  Cowboy company wishes to sell a machine with a book value

cowboy company wishes to sell a machine with a book value of 40000. the income tax rate is 30.the machine is sold for

  Ethical behavior of companies

Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

  The production department has been investigating possible

clark paints the production department has been investigating possible ways to trim total production costs. one

  Prepared from a situation suggested by professor john w

prepared from a situation suggested by professor john w. hardy. abilene meat processing corporation is a major

  Reporting on the balance sheet

Since merchandise inventory is normally sold within a year,how is it reported on the balance sheet?

  Express dining inc edi is a food delivery service which

express dining inc. edi is a food delivery service which connects consumers with several restaurants. customers call

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