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A fast food franchiser is considering building a restaurant at a certain location. According to a nancial analysis, a site is acceptable only if the number of pedestrians passing the location averages more than 100 per hour. A random sample of 50 hours produced x = 110 and s = 12 pedestrians per hour.
a. Do these data provide suffiient evidence to establish that the site is acceptable? Use = 0:05.b. What are the consequences of Type I and Type II errors? Which error is more expensive to make?c. Considering your answer in part (b), should you select to be large or small? Explain.d. What assumptions about the number of pedestrians passing the location in an hour are necessary for your hypothesis test to be valid?
The mean of land and buildings per acre from a sample of farms was $637, with a standard deviation of 26. Use Empirical Rule to find approximate percentage of acreage whose values were between $ 661 and $663.
What are the null and alternative hypothesis for this? What is a type II error in context of this test? Suppose that the researcher deceides not to reject the null hypothesis what sort of error might he be making?
Following are the data collected. Should the head of the Bureau be concerned about the time taken at lunch by employees? Why?
The accounting department at Weston Materials, Inc., national manufacturer of unattached garages, reports that it takes two construction workers mean of 32 hours and standard deviation of 2 hours to erect the Red Barn model.
Give an example of using the distributive property for a negative monomial times a trinomial with different signs on the terms [for example: -3x(2xy + 3y - 2x)] and show each step of the distribution.
What is an interaction? Describe an example and identify the variables within your population (work, social, academic, etc.) for which you might expect interactions?
Obtain a 95% confidence interval for the mean monthly rent for two-bedroom apartments. Assume that measurements are normally distributed. Round to two decimal places.
For the following cases, determine whether the sampling is dependent or independent. Explain your conclusion.
I have been asked to suppose that faculty at my college are assigned overload courses hence additional compensation beyond the required contract hours based on seniority.
Find out the probability distribution of blood types by gender in the group of 1000 individuals.The table below gives the distribution of blood types by gender in a group of 1000 individuals.
It is suspected that the mean turnover has changed and is not 6.0. Use the .05 significance level. Give the formula for the test statistic.
A manufacturer of dodge balls uses a machine to inflate its new balls to a pressure of 13.5 pounds (σ =0.1). When the machine is properly calibrated, the mean inflation pressure s 13.50 pounds, but uncontrollable factors can cause the pressure of ..
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