User Account

All Pages

Calculate the prob-value

Assignment Help Basic Statistics
Reference no: EM131870431

A man makes the implausible claim that the average yearly salary of men in a certain profession is only S6600. A random sample of 150 men in that profession shows a mean salary of S6730 with a standard deviation of 5900.

(a) Calculate the prob-value, and interpret.

(b) At a 5% level of significance would you reject the man's claim?

(c) At a 1% level of significance, would you reject his claim? Would you therefore accept it? Explain your answer

Reference no: EM131870431

Questions Cloud

Review problem on the homosexuality : Can employers protect the rights of people whose religion teaches them that homosexuality is immoral and those people who are sexual preference minorities.
Petaluma jewelry case - how to increase revenue : Breakeven analysis for zero profit and a second analysis to achieve an after tax target income of $240,000 for Ms. Nadeau and provide your conclusion
Hypothesis that the new conditions grow no better plants : (a) At the 5 % significance level, test the hypothesis that the new conditions grow no better plants.
How would payment differ if you paid interest only : The furniture store offers you a 3-year loan with an 11 percent APR. What are the monthly payments? How would the payment differ if you paid interest only?
Calculate the prob-value : (a) Calculate the prob-value, and interpret.
What are the challenges of delivering learning to employees : Employee Training and Development (HR 313) - What are the challenges of delivering learning to employees who work on the road or at home?
Justify a statement that business had improved : What would the average sales have to be in order to justify a statement that business had improved, at the 5 % significance level?
About the interest-on-interest : Interest-on-Interest Consider a $2,300 deposit earning 9 percent interest per year for 8 years. How much total interest is earned on the original deposit.
How marketing environment affect marketing decision-making : How do elements of a marketing environment affect marketing decision-making (The political, legal, and regulatory forces of the marketing environment.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd