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A manufacturer of candy must monitor the temperature. At which the candidates are baked. Too much variation will cause inconsistency in the taste of candy. Past records show that the standard deviation of the temperature has been 12 degrees farenheit. A random sample of 30 batches of candy is selected and the sample standard deviation of the temperature is 2.1 defrees Fahrenheit. At the 0.05 level of significance, is there evidence that the population standard deviation has increased above 1.2 degrees Fahrenheit. A. Hypothesis B. Test statistics C. Find p-value D. Result ----------Do people walk faster in the airport when they are departing or when they are arriving? A researcher measured the walking speed of travelers at the different airports in USA. His findings are summarized in the table. Use a 5% level of significance. Direction of travelers Mean speed - departure - 260 Mean speed - arrival - 289Standard deviation - departure - 53Standard deviation - arrival - 34 Sample size - departure - 25Sample size - arrival 25 A. Hypothesis B. Test statistics C. Find p-value D. Construct a 95% confidence intervalE. Result
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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