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Suppose that you were trying to determine if the population proportion of Americans that currently believe that nuclear power is extremely/very dangerous to the environment was less than 50%. You decide to test the null hypothesis Ho: p = 0.50 versus Ha: p < 0.50.In 1993, the General Social Survey included a question that asked its participants if they felt that nuclear power plants were extremely/very dangerous to the environment. Out of the 1419 surveyed, 630 said yes. What is the value of the test statistic for this problem?
-4.22
4.22
-16.42
-16.83
16.83
16.42
2. For a test of Ho: p = 0.5, the z test statistic equals 1.74. Find the p-value for Ha: p > 0.5.
0.0446
0.0409
0.0818
0.9554
0.9591
0.892
Find the sample standard deviation
1. What techniques are used to solve decision making problems under uncertainty? Which technique results is an optimistic decision? Which techniques results in pessimistic decision? Give examples of each.
Obtain an output (as in the tutorials).
3. According to an IRS study, it takes a mean time of 290 minutes for taxpayers to prepare, copy and electronically transfer a 1040 tax form. The standard deviation of this distribution is 75 minutes. A consumer watchdog agency selects a random sampl..
Discuss the difference between cross-sectional data and time series data. If we record the total number of cars sold in 2011 by each of 10 car salespeople, are the data cross-sectional or time series data
A Gallup poll conducted during May 20 - 22, 2005, asked 1006 Americans, "During the past year, about how many books, either hardcover or paperback, did you read either all or part of the way through?" Results of the survey indicated that the me..
The following are the revenue growth rates for 30 fast-growing companies. Develop a dot plot for these data and describe the distribution of revenue growth rates.
Characteristics on patients participating in a clinical trial.
Let's say we have a population comprised of four typists with the following numbers of errors per page of a manuscript: Stephanie X1=3
The average farm in the United States
One measure of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over several periods of time. Al though the standard deviation is easy to compute, it does not tak..
Find out about your company's forecasting system
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