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1. Smith Software Inc. is a computer software firm that has grown in size in recent years. To assist in its planning for future growth, you are to determine the trend of the number of accounts based upon the below.
Month Number of Accounts
1 76
2 90
3 93
4 104
5 103
6 111
7 123
a. Plot these data in a scatter diagram.
b. Develop the trend equation for these data.
c. Predict the number of accounts for month #8.
2. Is there a significant difference in automobile insurance rates in different cities of comparable size in the U.S.? To answer this question a survey was taken in 3 cities. A sample of 6 auto insurance premiums was taken for married, male drivers, over 35 years-of-age, with no accidents in the last 5 years. The table below contains semi-annual premiums for equal policy coverage. Answer the question above using the 0.05 level of significance.
Baton Rouge Fresno Tulsa
98 124 82
128 149 124
83 166 132
61 147 135
101 149 109
78 130 121
Scores on an endurance test for cardiac patients are normally distributed with mean = 182 and standard deviation = 24.
Complete hypothesis test using a 5% level for risk with directional research hypothesis.
Sample of 36 packages reveals mean weight to be 3.01 pounds, with standard deviation of 0.03 pounds. What is the estimated population mean?
If it is determined that there is no difference between the population mean being represented by the sample and the mean of the population at large, then:
What is the null and alternative hypothesis? What is your final conclusion?
A statistical analysis of 1,000 long-distance calls made from the headquarters of the Bricks and Clicks Computer Corporation indicates that the length of these calls is normally distributed with μ = 240 seconds and σ = 40 seconds.
Let independent variable x represent years since 1950. Determine quadratic regression model for per capita cigarette consumption.
What is the probability that between 5 and 10 firms, inclusively, purchase a Unix machine from Sun Microsystems?
A processor of carrots cuts green top off each carrot, washes the carrots, and inserts six to a package. Twenty packages are inserted in a box for shipment. To test weight of the boxes, a few were checked.
When we move from the basic normal distribution to the sampling distribution of the mean we substitute the standard error of the mean for the standard deviation when we make the conversion to the standardized normal distribution.
The average speed of greyhound dogs is about 18.8 meters per second. A particular greyhound breeder claims that her dogs are faster than the average greyhound. In a sample of 45 dogs, they ran, on average, 19.2 meters per second with a standard de..
This linear regression model was fitted to a sample of size 50 to produce the following regression equation: yhat = 145 + 1.2x1 + 300x2.
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