Solution-Number of equipment sales and service contracts

Number of equipment sales and service contracts

Assignment Help Finance Basics

Reference no: EM131081350

Would you please explain how to formulate this on an excel spreadsheet. and explain how the results were arrived.

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows:

Treadmill Exercise Bike
Total sold 185 123
Service contracts 67 55
The store can only sell a service contract on a new piece of equipment. Of the 185 treadmills sold, 67 included a service contract and 118 did not.

Complete the following questions in the space provided below:

Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.
Is there a major difference between the two pieces of equipment? Why or why not?

Reference no: EM131081350

Questions Cloud

Design a silicon semiconductor resistor : I. Design a silicon semiconductor resistor. with resistance between 6-10 kn. in the shape of a recungular bar. Assume this resistor will be used in an integrated circuit and therefore a small size is necessary as well as operation.

Central limit theorem : The weights of all NHL goalies are not normally distributed with a mean of 183.5 pounds & standard deviation of 8.8 pounds. A sample of 36 goalies are weighed, calculate the probability that the sample's mean weight is between 185.0 and 186.0 poun..

Average cost of bypass surgery : Is this sufficient evidence to say that the average cost of angioplasty is less than the average cost of bypass surgery?

Null and alternative hypotheses for a nonparametric : The VP of Sales at WidgeCorp, who is comfortable with statistics, wants to know the possible null and alternative hypotheses for a nonparametric test on this data using the chi-square distribution.

Number of equipment sales and service contracts : Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows:

How data is displayed in the figure or table you selected : Review the Learning Resources for this week related to frequency distributions and graphic displays of data. Using the SPSS software, open the General Social Survey dataset found in this week's Learning Resources.

Evaluation of carcinogenic risks to humans : According to IARC Monographs on the Evaluation of Carcinogenic Risks to Humans: Tobacco smoke and involuntary smoking (Vol. 83. 2004, Lyon: IARC Press), people with the highest lung cancer risks are those who:

Differences in the proportion of young women : Give a 99% confidence interval for the differences in the proportion of young women who develop cervical cancer with and without the vaccine.

Write an essay about the case a political aspect : Write an essay about the case "A Political Aspect". Required "Financial statements must provide a neutral scorecard of the effects of transactions." Comment.

User Account

All Pages

Number of equipment sales and service contracts

Reference no: EM131081350

Reference no: EM131081350

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT