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One year ago, a survey of persons 18 and over showed that 45% answered YES, 40% answered NO, and 15% answered UNDECIDED. When asked the question "Do you think there should be harsher penalties for under age lawbreakers?" Recently a random sample of 1000 persons 18 and over was asked the same question. The response as follows..YES-500 NO--400 UNDECIDED 100.
At the 1% significance level, can it be concluded that the current distribution of responses differs from that of a year ago ?? Formulate and test the appropriate hypotheses. Use the critical value approach.
Best Electronics, Inc. offers a "no hassle" returns policy. The number of items returned per day follows the normal distribution. The mean number of customer returns is 10.4 per day and the standard deviation is 2.3 per day.
Construct a 90% confidence interval for the population proportion p . Does your result agree with your conclusion in part (a)?
Revenue and cost functions for producing and selling quantity x for certain production facility are given below. Find out profit function P(x).
At 95% confidence using the p- value approach, test the hypotheses. Let α = 0.1.
You are the production manager of a company. Parachutes are woven in your factory using a synthetic fiber purchased from one of four different suppliers. The most important outcome for parachutes is strength of the fabric.
Conduct a two-sample test of means. A study by a bank compared the average savings of customers who were depositors for three years or less with those who had been depositors for more than three years.
Determine the p-value, and at 95% confidence, test the hypotheses.
He argues that the regression effect says people who perform very poorly in their previous job tend to perform well in their next job. Is this what the regression effect says? Explain.
Describe the difference in the fit provided by the two estimated regression equations.
In other words, explain why, all else being equal, as sample size increases the likelihood of finding a statistically significant relationship increases.
Suppose that 0.6 of the present 25,000 vehicle occupants killed in collisions were not wearing seat belts. There are about 170 million registered cars and trucks on the highway today.
Smaller the p-value in test of hypothesis, the more important the results are.
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