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A large department store hired a researcher to compare the average purchase amounts for the downtown store with that of its mall store. The information shown was obtained. At the 0.01 significance level can it be concluded that the mean amount spent at the mall store is larger? Estimate the p-value?
Average purchase amount Downtown store $36.00 Mall store $40.00
Sample standard deviation Downtown store $10.00 Mall store $10.00
Sample Size Downtown store 10 Mall store $10.00
Using the dataset, produce a graph of per capita GDP for Argentina, China, and Canada from 1965 to 1995. Is inequality between these countries increasing?
The Bureau of Labor Statistics says that baggage handlers, trash haulers, and coal miners are among the occupations having the highest risk of the debilitating injury or illness. For coal miners working over the course of a year, 3.60 injuries per..
What is the difference between strong positive and strong negative correlation? Is there value in a strong negative correlation? If so, what? In your answer provide examples from your life.
For a random sample of 12 observations, the sample mean was 407 and the sample standard deviation 6. Using the .01 significance level: State the decision rule.
Conduct the hypothesis test and provide the test statistic, critical value and/or P- value and state the conclusion.
A financial planner wants to compare the yield of income and growth mutual funds. Fifty thousand dollars is invested in each of a sample of 35 income and 40 growth funds
If 3 different factor levels show a lot of variation between levels this implies:
Compute the pdf of continuous random variable Z where Z = X + Y and X is a continuous random variable uniformly distributed on [0, 2] and Y is a continuous random variable uniformly distributed on [0, 4]. Assume that X and Y are independent.
Random sample of 36 theaters resulted in mean of $7.80. Population standard deviation is $1.00. Determine conclusion can be made at 10% significance level? How about 5% significance level?
An analyst thinks that the economic conditions during the next year will either be Strong, Normal or Weak and she thinks that the Simpson Company's returns will have the following probability distribution.
If random samples, each with n = 9 scores, are selected from a normal population with µ = 80 and σ = 36, then what is the expected value for the distribution of sample means?
Compute the two weights that give the cutoff points for the three categories.
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