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A bank wonders whether omitting the annual credit card fee for customers who charge at least $2400 in a year will increase the amount charged on its credit cards. The bank makes this offer to an SRS of 200 of its credit card customers. It then compares how much these customers charge this year with the amount that they charged last year. The mean increase is $332, and the standard deviation is $108. Give a 99% confidence interval for the mean amount of the increase. Does omitting the annual fee induce customers to charge more on their credit cards?
Pretests, posttests and threats to internal validity and please discuss all threats to internal validity.
A normal population has an average of 80 and a standard deviation of 10. You select a sample of 25. Calculate the probability that the sample mean
Find the sample correlation between returns on assets and the ratio of loans to deposits. Interpret the intercept and slope of the estimated regression line.
Find the sample size for the 95% confidence interval used to estimate the population proportion.
A sample of 81 observations is taken from a normal population. The sample mean is 40, and the sample standard deviation is 5. Determine the 95 percent confidence interval for the population mean.
Compute the 95% confidence interval around the mean of each of the three groups and plot the confidence interval in the space provided above.
When planning the new baseball stadium for Washington DC, you are asked to find the break-even point for the number of luxury skyboxes built.
What is the point estimate of the difference between the population mean expenditure for males and the population means expenditure for females?
For a study that consists of personal interviews with participants (rather than mail or phone surveys), explain why simple random sampling might be less practical than some other sampling methods.
Set-up/solve the problem graphically. (How many ceiling fans and how many floor fans should be made?)
How many participants would be required to ensure that a 95% confidence interval for the mean difference in the number of drinks is within two drinks of the true mean? Assumed that the standard deviation of the difference in the mean number of dri..
Should Martha use an independent-samples t-test or a related samples t-test? Explain your answer.
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