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Elena, the owner of a Flower Shop, realised the importance of analysing the store's product sales using statistical analysis while studying Business in college. She has collected some data but is finding it difficult to analyse it. So she has decided to hire you as her consultant.
The data below shows the number of flower bouquets sold in different price ranges.
Amount Spent (£)
No. of Bouquets
0-10
5
10-20
7
20-30
10
30-40
12
40-50
14
50-60
15
60-70
70-80
13
80-90
6
90-100
4
You are required to calculate the following:
Suppose that data is recorded for equal period of "before"-"after" time. Use 1% level for risk. Given processed data, explain what John must do.
Find a 95% confidence interval for the population mean selling price of all homes in this neighborhood.
Using the z table in Table E of Appendix C, what are the critical values for a two-tailed test when a = 0.03 .
Determine the upper and lower control chart limit and the lower control chart limit for various values of the fraction defective (p) in the sample taken. Assume a 99.7 % confidence.
He will then compare the season batting averages of group A (those with ballet training) and group B (those without ballet training) by comparing the mean of group A with the mean of group B.
The Kruskal-Wallis rank test is a nonparametric replacement - The Wilcoxon rank sum test tests a null hypothesis
The standard deviation of the differences d for the paired sample data s d = ____________
Find the 90% confidence interval for the mean number of peaches per tree. How many trees does she need to sample to be accurate within 10 peaches per tree?
In drawing an inference using a single mean in hypothesis testing, you often have a choice between doing a z-test or a t-test. Many researchers will always choose to do the t-test even under circumstances where the z-test would work as well.
f no more than 5% of the containers are to weigh less than 15.8 oz, what must the standard deviation of the weights equal?
People with MBAs often get promoted faster than people without the degree. Prepare a 92% confidence interval estimate for the population proportion.
They both want to know what family member typically does the research about possible honeymoon destinations, and who primarily makes the decision on selecting the destination.
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