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The following data were collected in a clinical trial evaluating a new compound designed to improve wound healing in trauma patients. The new compound was compared against a placebo. After treatment for 5 days with the new compound or placebo the extent of wound healing was measured and the data are shown below.
Percent Wound Healing
Treatment 0-25% 26-50% 51-75% 76-100%New Compound (n=125) 15 37 32 41Placebo (n=125) 36 45 34 10
Is there a difference in the extent of wound healing by treatment? (Hint: Are treatment and the percent wound healing independent?) Run the appropriate test at a 5% level of significance.
What is the chance that stock will fall by more than 15% next month? What extra assumption are you making when replying this question?
The project requires you forecast the historical data, replicating the appropriate trends, seasonalities, week-over-week variability, etc. Please refer to the chapter and materials on Forecasting for the procedures to do.
Key Refining decided to send a special financing plan to charge account customers having the highest 10 percent of the money charges. What is the dividing point between customers who receive the special plan and those who do not.
Is there a relationship between sales and newspaper advertising? Support your answer?
Estimate the probability that the machine will overflow an 8 oz cup.
At the .05 level of significance, can we conclude the Middletown students stayed in their districts less time than the Brockton students? Use the five-step hypothesis testing procedure.
Assume that you are conducting a survey of customer satisfaction regarding their cellular phone.
Predict the final average of a student who made an 83 on the first test. Give the value of r and r squared for this model. Interpret the value of r squared in the context of this problem.
Test the claim that the actual percentage is 53%. Use a 0.10 significance level.
Find the probability that a randomly selected employee earns less than $5.43.
Among the half that had surgery, 80% showed improvement after three months, but only 54% of those who used the wrist splints improved. what's the standard error of the difference in the two proportions?
Find the margin of error for the 95% confidence interval used to estimate the population proportion.
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