Determine whether distribution has changed

Assignment Help Basic Statistics
Reference no: EM13136758

A survey was conducted two years ago asking college student their top motivations for using a credit card. To determine whether this distribution has changed, you randomly select 425 students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a chagne in the claimed or expected distribution? Use a =0.025.

Reference no: EM13136758

Questions Cloud

Explain correct conclusion for hypothesis test : Assume from past information that it is known that the standard deviation of the population is 9 hours. What is the correct conclusion for this hypothesis test?
What general business factors should be considered : What general business factors should be considered when choosing between the branch and subsidiary forms of doing business in the United States?
Relation to radical individualism : How to connect the discussion of radical individualism with a health policy question and the role of the presidency, senate, house of representatives or judicial system
What amount of the joint costs will be assigned to product : Product A can be sold for $100 per unit. Product B can be sold for $80 per unit. What amount of the joint costs will be assigned to Product A if joint costs are allocated on the basis of number of units produced?
Determine whether distribution has changed : The top motivation is for using a credit card. Can you conclude that there has been a chagne in the claimed or expected distribution? Use a =0.025.
Describe what the law code of hammurabi : The Law Code of Hammurabi Describe what the Law Code of Hammurabi reveals about Babylonian culture; consider relations between men and women, slaves and freemen.
Public policy correlation with public preferences : Public policy ought to reflect public preferences. Do you think public policies are in accordance with your wishes? Why or why not? Provide appropriate rationale to support your opinion.
Annual payments to the trustee : The corporation makes annual payments to the trustee, who invests the proceeds in securities (frequently government bonds) and uses the accumulated total to retire the bond issue at maturity.
What increase in profit can be expected assuming total fixed : Brumlow Company has a contribution margin ratio of 25%. The company is considering a proposal that will increase sales by $100,000. What increase in profit can be expected assuming total fixed costs increase by $20,000?

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!

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