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A marketing firm asked a random set of married and single men as to how much they were willing to spend for a vacation. At = .05, is a difference in the two amounts?
Married men Single men
Sample size 50 70
Mean spending 260 185
Sample variance 4500 9000
A) Yes, because the test value 5.07 is outside the interval (-1.96, 1.96)
B) No, because the test value 2.00 is outside the interval (-1.96, 1.96)
C) No, because the test value 0.34 is inside the interval (-1.96, 1.96)
D) Yes, because the test value 2.00 is inside the interval (-1.96, 1.96)
Describe the relevant population and the source (e.g. newspaper, TV, radio, internet, etc.). Explain why you do not believe it is accurate.
Calculate the MEAN and STANDARD DEVIATION for the distribution below:
What can we say about the form or way of the distribution of the average or median of the sample?
New car manufacturer claims that miles per gallon for gas consumption is mound shaped and symmetric with a mean of 25.9 mpg with a standard deviation of 9.5 mpg.
To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within plus-or-minus 0.04 of the population proportion, how large a sample size is required?
We can think of this as the value of mew that maximizes f(y), the probability that our observed value of y occurs.
Test whether the average cycle of sleeping and waking differs significantly from 24 hours.
A nutritionist conducted an experiment on memory for dreams. She wanted to test whether it really was true that eating cheese before going to bed made you have bad dreams. Over three nights, the nutritionist fed people different foods before bed.
An auditor for a large oil corporation has taken a random sample of monthly credit card charges for 32 individual (non-corporate) accounts.
What is the probability the number of fatal crashes will be between 1000 and 2000 for a year?
Does this sample indicate a smaller average? Use α = 0.05 and assume a normally distributed population.
The availability of venture capital provided by big boost in funds available to companies recent years. According to Venture Economics, 2,000 venture capital disbursements were made in 1999.
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