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The manager of a Farmer Jack Super Market would like to know if there is a preference for the day of the week on which customers do their shopping. A sample of 420 families revealed the following. At the 0.05 significance level, is there a difference in the proportion of customers that prefer each day of the week?
1. State null and alternate hypothesis.2. State the decision rule.3. Compute the value of the statistic.4. What is the decision. interpret the result.Day of the week Number of personsMonday 20Tuesday 30Wednesday 20Thursday 60Friday 80Saturday 130Sunday 80
Stock A has an expected return of 12% and a standard deviation of 40%. Stock B has an expected return of 18% and a standard deviation of 60%. The correlation coefficient between Stocks A and B is 0.2.
An entrepreneur is considering the purchase of a coin-operated laundry. The present owner claims that over the past 5 years, the average daily revenue was $675 with a standard deviation of $75.
Determine the largest plausible average balance for the accounts of those using her managed fund in which you could have 90% confidence.
A normal curve with a mean of 15.0 gal and standard deviation of 0.1 gal. What is the probability that a randomly selected tank will hold.
Find the moment generating function of their sum and identify the corresponding distribution, its mean and its variance.
Gas station sells 1400 gallons of gasoline per hour if it charges $ 2.05 per gallon but only 1100 gallons per hour if it charges $ 2.95 per gallon. What should gasoline price be to sell 1000 gallons per hour?
Since she is allowed to reserve one time if her first serve is out what should her serving strategy be?
At 0.01 significance level is it sensible to conclude that modification reduced number of traffic accidents?
Four properties are randomly selected from each neighborhood and the ratios recorded for each as follows:
Suppose you decided to switch from a 99 to a 95 percent confidence interval. Without performing any calculations, will the interval increase, decrease, or stay the same? Which f the values in the formula will change?
One advantage of the repeated measures ANOVA is that it eliminates "individual differences" as a source of variability. Explain why there are no individual differences in the numerator and in the denominator of the F ratio.
Find the Celsius temperature(to the nearest degree when Fahrenheit temperature is 9 degrees by solving the equation 59= 9/5 C +32, where F is the Fahrenheit temperature (in degrees and C is the Celsius temperature.
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