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Q1) Suppose that following sample of 10 numbers arise from Normal distribution with mean μ and standard deviation σ = 6.3, obtain, from first principles, 95% and 99% confidence intervals for μ. 39.1 21.2 38.3 24.9 25.6 26.2 31.5 34.6 24.5 22.4
Estimate a test statistic for null hypothesis H0: μ = 30 against two-sided alternative hypothesis H1 : μ ≠ 30, and by plotting this on its reference distribution, identify and compute corresponding p-value associated with H0. What are your conclusions about H0?
Repeat all computations for confidence intervals for μ and p-value for H0 for data in Q1 in the absence of any assumption on value of standard deviation σ. Do your conclusions about H0 change?
Do 1-sample t-test to see if people in Chicago have travelled to fewer states than people nationwide. Utilize the 10% (.10) level of significance.
Let S = {c, h, j, q, t, y} be a sample space of an experiment and let E = {c, h}, F = {c, q, y}, and G = {h, j, t} be events of this experiment. (Enter your answers using roster notation. Enter Ø for the empty set.)
The measure of forecast accuracy that is not influenced by the measurement scale of the time series data is:
Determine mean and standard deviation for number of erroneous returns per batch.
What is the probability that none can transact business in a foreign language?
For which of given variables must a "two tail" t-test be applied?
Is the sample size large enough to construct a valid confidence interval for the proportion of debit cardholders who have used their card in making purchases over the Internet?
According to a recent survey, 275 of 400 middle-aged Americans said they used the Internet regularly. 140 of 400 senior citizens said they used the Internet regularly.
The Pearson Product-Moment Correlation Coefficient (r) is a measure of linear relationship between two variables.
What happens to the probability of getting exactly 50% heads?
What is the probability of this actually happening?
Which of the following would be most helpful in assessing the practical significance of a test of hypotheses about a proportion?
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