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Assume that a simple random sample is selected from a normally distributed population, use eith the P-value method or the tradiitonal method of testing hypotheses.
Tests in the author's statistics classes have score with a standard deviation equal to 14.1. One of his last classes had 27 test scores with a standard deviation of 9.3. Use a 0.01 significance level to test the claim that this class has less variation than other past classes. Does a lower standard deviation suggest that this last class is doing better?
Using these data, construct a 99% confidence interval to estimate the average number of days and excavator is rented to a client, and assume the number of days per rental is normally distributed in the population.
Seventy-five percent of households say they woud feel secure if they had $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had $50,000 in savings.
a) Draw the scatter diagram. Does it appear that x and y are related? If so, how? b) Test to determine whether there is evidence of a linear relationship.
You run a two tail t-test. The critical value for this test at the .05 level is a t of 7.82. What value must the obtained t-test statistic be in order to be considered significant at the .05 level?
Using the .10 level of significance, can we conclude that the assembly time using the new method is faster?
Using the p-value approach, test the hypotheses at the 1% level of significance.
Assume the risk-free interest is 5%. If WT borrows $100 million today at this rate and uses the proceeds to pay an immediate cash dividend, what will be the market value of its equity just after the dividend is paid, according to MM?
Give an example of a hypothesis test. State what the Null and the Alternative hypotheses.
Create the corresponding decision tree and make recommendations.
Is there evidence to suggest a difference in the mean waiting times at the four body shops?
Testout the significance of the sample correlation also develop regression equation with scatter plot. Calculate chi-square is less than the critical value
In standardized form, the normal distribution a) Has a mean of 0 and a standard deviation of 1 b) Has a mean of 1 and a variance of 0 c) Has an area equal to 0.5 d) Cannot be used to approximate discrete probability distributions
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