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1) Examine the given statements then express the null hypothesis and alternative hypothesis in symbolic form. Be sure to use the correct symbol (? , p, ?) for the indicated parameter.
a. The majority of college students have credit cards.
b. The proportion of homes with fire extinguishers is 0.80.
2) Make a decision about the given claims. Use only the rare event rule stated in Section 8-2, and make subjective estimates to determine whether events are likely. For example, if the claim is that a coin favors heads and sample results consist of 11 heads in 20 flips, conclude that there is not sufficient evidence to support the claim that the coin favors heads (because it is easy to get 11 heads in 20 flips by chance with a fair coin).
a. Claim: A coin favors heads when tossed, and there are 90 heads in 100 tosses.
b. Claim: Movie patrons have IQ scores with a standard deviation that is less than the standard deviation of 15 for the general population. A simple random sample of 40 movie patrons results in IQ scores with a standard deviation of 14.8.
using a 0.05 level of significance test the hypothesis that the probability of the ncaa division i basketball champion
Develop a decision tree for the case of a company operating at full capacity and with product demand rising. The choice is between new equipment and overtime.
A particular company offers a 500$ deductible policy. If the company wishes its expected profit to be $100, what premium amount should it charge?
State the Null and Alternative Hypotheses. Determine the test statistic. Determine and interpret the p-value
if a person bought one share of google stock within the last year what is the probability that the stock on that day
To investigate whether female executives are experiencing pay-discrimination, a researcher samples the incomes of 300 male and 300 female executives. Which procedure would be appropriate?
we have random variables ybar sample mean and w the sample variance for the sample size of n2 from the distriubitony
Clearly identify the independent and dependent variables you would study. Determine whether a one-tail or two-tail test is most appropriate and explain why. Generate a testable null statistical hypothesis and an alternative statistical hypothesis.
A population of data from a paper supply company is known to have a mean weight of 55 ounces per ream and a population standard deviation of 5 ounces. The population is known to be bell shaped and symmetrical.
according to an irs study it takes a mean time of 330 minutes for taxpayers to prepare copy and electronically transfer
The number of senior citizens (65 and older) in the US in millions n years after 1990 can be estimated using the formula
barna research group collected data showing church attendance by age group usa today november 20 2003. use the sample
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