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You are concerned about wait times at the cash registers in the supermarket. You collect data and have a sample size of 10, which test would you use a Z or a T test and why? What is the major difference between a Z and a T test. (hint sample size and variability) :-) How would you explain this to someone who hasn't taken statistics?
A local group claims that the police issue more than 60 speeding tickets a day in their area.
Design a Linear programming problem for the flair Furniture Company and find the combination of tables and chairs that the company must produce to maximize profits.
Then test to see whether it considerably varies from 0 [use alpha = 5%]. Don't forget to identify the null and alternative hypotheses.
Calculate the mean and standard deviation of the sample mean based on data from 100 stores.
Calculate the Pearson correlation for these data also determine whether there is a significant correlation among attitudes for husbands also wives.
Do the data provide significant support for any preferences among the three brands? Test At the .05 level of significance.
Calculate the standard error of estimate for the regression equation.
What do the coefficients of the regression line tell you about the relationship between mortgage rates and housing starts?
Assume that two samples are independent simple random samples selected from normally distributed populations. Use a 0.05 significance level to test the claim that male and female biology students speak the same mean number of words in a day.
Compare the actual results to those expected from the Poisson probabilities. Explain, how you do the comparison. Does the Poisson distribution serve as a good device for predicting the actual results?
To determine the efficiency of the current ticket operation, Mike wishes to examine several queue operating characteristics.
In a study of 24 criminals convicted of antitrust offenses, the average age was 55 years, with a standard deviation of 7.6 years. Construct a 98% confidence interval of the true mean age.
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