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Vince Showers, Managing Director for Sleaz Entertainment, claims that the average age of their customers is at least 23. If this is not the case, Showers will face charges of violating local ordinances regarding public decency. One hundred customers averaged 19.7 years with s=10.2. Set alpha at 1 percent.
A. State and test the hypothesis. Must Showers appear in court?
Determine the probability that: a) Exactly 3 will have this mild side effect.
In each of the following cases, decide whether or not a binomial distribution is an appropriate model, and give your reasons.
What is the decision regarding the null hypothesis (is there a difference in the mean numbers of cameras sold at the three department store chains)?
Find out the decision strategy company must follow, expected value of strategy, and maximum amount the company must pay market research firm for survey results.
Devise a method for estimating and plotting Bayesian credible regions for the paramters, using your MCMC sample and compute LS estimators of a and b,
How would I go about finding a 95% confidence interval for the population mean if a sample of size 20 has a mean of 18.2 and a sample standard deviation of 3.6?
What happens to the confidence interval and the power of the test at a particular point of interest. As one increases the sample size of a test, all else remaining the same.
The owner of a local night club has recently surveyed a random sample of n=250 customers of the club. She would now like to determine whether or not the mean age of her customers is over 30.
When would you use a one- or two-sample hypothesis test? Provide examples. What are the differences between dependent and independent samples? Provide examples.
A researcher measures a response variable Y and explanatory variable X on each of several objects. A scatterplot of the measurements is as follows.
The lengths of pins produced by a machine follow a normal distribution with mean 2.54 cm and standard derivation 0.04 cm.
If the company's report is correct, what is the probability that the average balance of an account in the sample is $383 or less?
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