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New soft drink is being market tested. A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste. We are interested in determining if more than 21% of the population will like the new soft drink.
a. Set up the null and the alternative hypotheses.
b. Determine the test statistic.
c. Determine the p-value.
d. At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.
The following is a time series data set. Run a time-series analysis for projections of April 2009 in the Healthcare industry of Nashville.
You are interested in investing, and are considering a portfolio comprised of the following two stocks. Their estimated returns under varying market conditions are provided:
If one invested in Stock A, Determine standard deviation of percentage return?
Assume that in a hypothesis test with null hypothesis Ho: μ = 14.0 at a= 0.05, that a value of 13.0 for the sample mean results in the null hypothesis not being rejected. That corresponds to a confidence interval result of:
An educational study uses a simple pre-post design to assess the efficacy of a computer tutor for solving inequalities. Twelve pilot students participate. Each student is given a pre-test, then participates in six sessions using the tutor, then i..
Using sample, determine a 98% confidence interval for mean weight of whole daily output.
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The mean maximum oxygen uptake for elite athletes has been found to be 80 with a standard deviation of 8.1. Assume that the distribution is approximately normal.
Based on the scatter diagram, does there appear to be any relationship between the number of assemblers and production? Explain.
The National Survey of Student Engagement (NSSE) surveys freshmen and seniors about their level of engagement in campus and classroom activities that enhance learning.
An experiment was performed to investigate lifetime of a component exposed to high heat. Three different oven types were used at either 550°F or 600°F.
ComputerWare asked 500 of its iMac purchasers what computer they owned or had owned. There were 83 new computer owners, 60 who had owned a Windows-based computer, and 357 who had owned a Macintosh.
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