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1. Determine whether the sampling method is independent or dependent for the following example. A researcher wants to know whether the newly issued "state" quarters have a mean weight that is different from "traditional" quarters. He randomly selects 18 "state" quarters and 16 "traditional" quarters. Their weights are compared.
2. Determine whether the sampling method is independent or dependent for the following example. A researcher wants to know whether the price of a one night stay at a Holiday Inn Express Hotel is less than the price of a one night stay at a Red Roof Inn Hotel. She randomly selects 8 towns where the location of the hotels is close to each other and determines the price of a one night stay.
3. Dependent samples are often referred to as matched pairs samples. For example, we have decided to lose weight in a Watch Watchers class so all of us weigh in at the beginning of class and follow a prescribed diet. Then we weigh in at the end of class and the means score are compared before and after the diet. Hopefully, we have lost some weight. The scores should show a significant difference. Provide another example of a matched pairs sample.
Find a 90% confidence interval for the population mean weight of all such turtles.
We have already been introduced to sensitivity analysis via the geometry of a simple example. We saw that the values of the decision variables and those of the slack and surplus variables remain unchanged even though some coefficients in the objec..
What happens to the probability of getting exactly 50% heads?
The variance of the return per share is 4 for stock 1 and 100 for stock 2. The covariance of the return between the two stocks is 5 per share. Use the total variance of the investment as investment risk.
We suspect that automobile insurance premiums (in dollars) may be steadily decreasing with the driver's driving experience (in years), so we choose a random sample of drivers who have similar automobile insurance coverage and collect data about th..
A sample of n = 5 scores has a mean of M = 12. If one person with a score of X = 8 is removed from the sample, what will be the value of the new mean?
At.05 level of significance, is there evidence to propose that mean life length of the batteries manufactured by this manufacturer is more than 400 hours?
Using a 1% level of significance, can the hypothesis that the distributions for the student's scores are identical be accepted?
Calculate P value? Calculate critical value?
Use this information to make a 95% confidence interval to evaluate true average number of copies made each day at this company.
you are testing whether there is a significant difference in the proportions of college students and similar aged non college students having accidents during the two year period. Is this a one sample or two sample test?
On the same chart, produce a graph showing the original probability mass function, and a line graph showing your selected continuous probability density function.
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