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A - What is our decision regarding the differences between the observed and expected frequencies if the critical value of chi-square is 9.488 and the computed value is 6.079?
1 - The difference is probably due to sampling error and we should not reject the null hypothese.
2 - Not due to chance; reject the null hypothesis
3 - Not due to chance; do not reject the null hypothesis
4 - Too close; reserve judgment.
B - A hypothesis test that rho is zero is conducted at the 5% level of significance. If Spearman's rho is 0.86 for a sample of 15 observations, what is the computed value of the t statistic?
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Why then does it matter whether we assume straight-line or MACRS depreciation when we assess project NPV?
The diameters of oranges in a certain orchard are normally distributed with a mean of 5.26 inches and a standard deviation of 0.50 inches.
Sarah is a 60 year old Anglo female in reasonably good health. She wants to take out a $50,000 term life insurance policy until she is 65.
ABC Corporation of California publishes a variety of statistics, including the number of individuals who got a new job during the past 12 months and the mean length of time the individuals have been on the job.
A statistics professor would like to determine whether students in the class showed improved performance on the final exam as compared to the midterm examination.
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