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Consider the following time series data of sales per year:
Year Sales
1995 22.2
1996 23.0
1997 24.4
1998 25.8
1999 27.6
Enter these data in Excel and run the following regression:
Sales = Intercept + Slope * Year
Note that the Year is the independent variable and Sales is the dependent variable.
Develop a two tail test for the theory that the slope of the regression line is different from zero.
The amount of money requested on a home loan application at federal savings follow the normal distribution, with a mean of $270,000 and a standard deviation of $35,000. A loan applicatiom is received this morning. What is the probability:
If the z score is less than 0, what can be said of the corresponding raw score?
Define the null and alternate hypotheses for the statistical test to find out if there is evidence that average weight of Smoky Bear moving van is more than 12,000 lb.
the return on investments earned by your company for four successive years was 20 -20 50 and 120. what is the geometric
mr. brown owns two furniture stores. in store 1 the number of sofas sold per week by a salesperson is on average 13 per
Is there sufficient evidence at the 0.05 level of significance to conclude that the proportion of women physicians at the university health system exceeds 27.9%?
You find that a random sample of five microwave ovens has a mean repair cost of $75 and a standard deviation of $12.50. At α = 0.01, do you have enough evidence to support the repairer's claim?
a parcel service randomly selected 48 packages it received. the sample has a mean weight of 18.6 pounds. assume that
Given that the pair of hypotheses that correspond to the claim are H0=500. Find the critical value for the hypothesis test.Assume that the level of significance is 0.02.
Test the claim of the engineering firm. Perform an appropriate hypothesis test, showing the necessary calculations and/or explaining the process used to obtain the results.
If sales invoices are automatically calculated and posted by a company's computer system, can the auditor reduce substantive tests of transactions for the accuracy objective? Why?
A 56-question multiple choice test has 4 possible answers for each question and a student chooses the answers to each problem at random. A student selects 16 correct answers.
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