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The value of z-score in a hypothesis test is influenced by a variety of factors. Assuming that all other variables are held constant, explain how the value of z is influenced by each of the following
a. Increasing the difference between the sample mean and the original population mean.
b. Increasing the population standard deviation"
c. Increasing the number of scores in the sample
4. Explain how the power of hypothesis test is influenced by each of the following. Assume that all other factors are held constant.
a. Increasing the alpha level from .01 to .05
b. Changing from one-tailed test to a two-tailed test.
Develop null and alternative hypotheses to help the bank determine which option would provide the best incentive to consumers.
In, addition, the company has decided to purchase at least three of the new Econo-Tankers for use on short-run, low-demand routes. As a final constraint, the conpany deos not want more than half the new models to be Super Tankers.
There is one Grand Prize of $500, one First Prize of $100, and 8 Second Prizes of $50. Find the expected winnings per ticket sold.
Suppose there is no cyclical component. Quarterly billing for water usage is shown below describe summer billing for year 5.
An instructor has a test bank consisting of 300 easy true-false questions, 200 difficult true-false questions, 500 easy multiple choice questions and 400 difficult multiple choice questions.
A random sample of 41 basketball players from The Official NBA Basketball Encyclopedia gave the sample standard deviation for player height as s=3.32 inches.
A random sample of 13 four-cylinder cars is obtained and the breaking distances are measured and found to have a mean of 137.5 ft and a standard deviation of 5.8 ft.
Draw a simulation experiment for car agency and simulate using fleet of four rental cars for 10 days.
At α = 0.05, is the correctness of the prediction different for the two types of cola drinkers?
Is there any reasonable explanation for the two months that have the highest frequencies?
Media Disk, Inc. duplicates over a million 3.5" floppy disks each year by copying masters to stacks of blank disks. The company buys its blank stock from two different suppliers, A and B.
Construct a 99% confidence interval on the difference of the average ages for the viewers of the two TV programs. How can you interpret this interval?
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