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Some researchers claim that herbal supplements such as ginseng or ginkgo biloba enhance human memory. To test this claim, a researcher selects a sample of n = 25 college students. Each student is given a ginkgo biloba supplement daily for six weeks and then all the participants are given a standardized memory test. For the population, scores on the test are normally distributed with μ = 70 and σ = 15. The sample of n = 25 students had a mean score of M = 75.
a. Are the data sufficient to that the herb has a significant effect on memory? Use a two-tailed test with α = .05.
b. Compute Cohen's d for this study.
Steps in hypothesis test procedure - conducting a hypothesis test for some general statistic, ? say.
The mean of a normal probability distribution is 60; the standard deviation is 5.
Discuss the limitation of the expected value approach to assessing the risks of taking on the franchise. What other factors should be considered by Ariba Ltd?
To test the difference between two means using two mean z test.
Give the expected value and standard deviation of defective shoes in the ShoeFit store order.
For the data giben below, prepare a R-chart. Note that the sample size is three.
Determine the probability that the project will be completed in 70 days or less.
Using smoothing constant of w = .80, compute the value of exponentially smoothed series in 1983.
Then use ogive to estimate median and first and third quartiles. Also utilize it to reply following question: What percent of 60 mutual fund loads are less than 75.
Based on these data, determine the 95 percent confidence interval estimate for true population mean?
Times spent studying by students in the week before final exams follow a normal distribution with standard deviation 8 hours. A random sample of four students was taken in order to estimate the mean study time for the population of all students.
The ANOVA summary table below is the result of a regression of sales on year of sales. Is the relationship statistically significant at .05? Comment.
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