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Give an example of a hypothesis test you could perform at work or at home. State what the Null and the Alternative hypotheses would be in your test. Explain how you would settle on a reasonable level of significance for your scenario. Also explain what the type I and II errors would be if you reached the incorrect conclusion in your test.
The mean return on investment is 25 percent and the standard deviation 5.2 percent. Compare the relative dispersion for the price-earnings ratios and return on investment.
Does there seem to be any difference in the effect of the antibiotics on clearance of otitis media? Express your results in terms of relative risk (RR). Consider separate analyses for unilateral and bilateral cases. Also consider an analysis combi..
Blood pressure measurements on adult males 30-39 years of age were obtained in a survey of a representative sample of Twin Cities households. To compare the frequency of hypertension in the white and non-white population surveyed, the most appropr..
Give an example for each of the following distributions, binomial, hypergeometric, and Poisson. Explain the differences and different characteristics.
Their monitoring plan will take a random sample of 5 days sales per month and use the sample mean sales to identify shops that are under-performing. Establish the lower limit sales such that only 5% of the shops would have a sample sales mean belo..
what is the probability that a randomly selected value from the distribution will be greater than 2.1 standard deviations avoe the mean?
would this prove that they are exceeding their goal, using = .025?
A supplier of 3.5" disks clams that only 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is simply a sample fluctuation. At the 0.01 level of significance, test t..
What is the probability that more than one machine is in the system? Probability that more than two are broken and waiting to be repaired or being serviced? More than three? More than four?
In a normal population with sigma=20, a random sample of size n gave X(mean)=56.53. At the 5% significance level, make a two-tailed test of the null hypothesis mu=50, when (a) n=24 (b) n=36
Time spent using email per session is normally distributed with μ = 8 minutes and σ = 2 minutes. a) What is the probability that the sample mean is between 7.8 and 8.2 minutes?
The manufacture of a new compact car claims the miles per gallon (mpg) for the gasoline consumption follow a normal distribution with mean of 25.9 mpg and standard deviation of 9.5 mpg . if 36 such cars are tested , what is the probability the ave..
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