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Suppose you randomly choose a sample of 25 observations from a normal distribution. You then use those observations to estimate the mean of the population.
a. Assuming that we would consider anything from 159 to 161 as "equal to 160," and that we know that the standard deviation of the population is 1.0, estimate the probability that we will be able to determine that the mean is different than 160 if it actually is different than 160. Use α = 0.05. (Hint: this is equivalent to saying, "what is the probability that we will reject the null hypothesis given that it is false?")b. If the mean of the observations is 158.7, what would you guess the mean of the population is (on the basis of the sample)? (I do not want the confidence interval - just report your estimate of the population mean.)c. Suppose the population is N(160.0, 1.2). It is possible that you could extract a sample from that population such that a hypothesis test on that sample would reject the null hypothesis, even though it is true. If we use α = 0.01, what are the chances of this happening? (Hint: this is equivalent to saying, "what is the probability that we would reject the null hypothesis given that it is true?")d. If you were to accept the null hypothesis, even though the null hypothesis was false, what type of error would you have commited?
A share tipping service claims that its selections give an average return of 10% if held for 12 months. An investor wants to investigate this claim and records the returns of the last 20 shares that have met the 12 month period.
What is the probability that the variable will take the value 2? What is the mean of the distribution?
Rita rows 12 km upstream and 12 km downstream in 3 hours. The speed of her boat in still water is 9 km/hr. Find the speed of the stream.
Mothers did not take the drug DES during pregnancy , what is the estimate of the number of women out of 1000 who would be expected to have tissue abnormalities?
At the 5% level do the data provide sufficient evidence to conclude that the mean time served for fraud is less than that for firearms offenses? Identify the appropriate test and test the claim using the traditional method at the 0.05 level of sig..
Find a point estimate of the population mean. Find the 95% confidence interval of the true mean. Assume the population standard deviation was 0.8.
The president of a certain university makes three times as much money as one of the department heads. If the total of their salaries is$ 200.000, find each worker's salary
Suppose the organizers of the study are reconsidering their sample-size estimate. How many participants should be enrolled in each of the active and control intervention groups to achieve 80% power if a two-sided test is used with α = .05
Create a frequency table for the total number of people that prefer each type of music:
With the exponential function e^x and logarithmic function log x how do I graphically show the effect if x is doubled?
Which of the variables below do you think will be roughly normally distributed? Please select all that apply.
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:
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