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A sample of 8 stocks of Mr. Jones had an average rate of return of 10.6 percent with a standard deviation of 3.5 percent. Mr. Smith had 11 stocks that averaged 11.3 percent with a standard deviation of 3.2 percent. At the .02 level of significance, can we conclude that Mr. Jones' stocks have a different variation?
Identify the null hypothesis, alternative hypothesis, test statistic, P-value or critical value(s), conclusion about the null hypothesis, and final conclusion that addresses the original claim.
A fair die is rolled two times. Let A be the event that the outcome of the first roll is an odd number. Let B be the event that the outcome of second roll is at least 5.
At Ajax Spring Water, a half-liter bottle of soft drink is supposed to contain a mean of 520 ml. The filling process follows a normal distribution with a known process standard deviation of 4 ml.
21 percent of the employees in a company have managerial positions, and 31 percent of the employees in the company have MBA degrees. Also, 66 percent of the managers have MBA degrees. Using the probability formulas, find the proportion of employee..
Of the nine members of the board of trustees of a college, five agree with president on a certain issue. The president selects three trustees at random and asks for their opinions. What is the probability that at least two of them would agree with..
For each of the F statistics given above find the degrees of freedom and an approximate P-value. Summarize the results of these tests.
Suppose prior elections in Louisiana indicated it is necessary for a candidate for governor to receive at least 80 percent of the vote in the northern part of the state to be elected.
The camera department of a large department store sells three different brands of cameras: Proxima, Yakima, and Tetron. Approximately 60% of the cameras sold are Yakimas with Tetrons accounting for 30% of sales and Proxima the remaining 10%.
With any statistical model, we assess the fit: Does the model accurately depict the truth? Explain how one of the following helps assess the "fitness" of the mean.
Is the z value positive or negative? Explain why it should be positive or negative.
Computing the probability values using normal distribution - Find the probability that a regular rat (without the supplement) would solve the maze with a score less than or equal to X = 24 errors?
A range of values constructed from sample data so that the parameter occurs within that range at a specified probability is:
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