Reference no: EM1319721
Hypothesis testing of single proportion and hypothesis testing of equality of two means.
1. National figures reveal that the probability of a youth offender on probation committing another crime is 0.80. (This is called "recidivism.") After a special government program intended to reduce recidivism is put in place, a sample of 100 young offenders enrolled in the program reveals that 70 subsequently committed another crime. You are asked to make a judgment about whether the government funds invested in this program have succeeded in reducing crime.
a) State the null and alternative hypotheses.
b) Compute the value of the test statistic.
c) Taking alpha =.01, conduct a hypothesis test using the p-value method.
2. Independent random samples of 400 observations each were selected from two populations, giving the following results:
Sample 1
|
Sample 2
|
= 5,275
|
= 5,240
|
s1=150
|
s2=200
|
You want to know whether the population means are different in the two populations. Conduct an hypothesis test using an alpha of .05 and the critical value method. (Be sure to clearly state your null and alternative hypothesis, the value of your test statistic, the critical value(s) you compare it to, and your conclusion.)
Confidence interval estimate for true population mean
: Following data represent random sample of bank balances for population of checking account customers at large eastern bank. Based on data, determine the 95 percent confidence interval estimate for true population mean?
|
Growing perpetuity investment
: You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $28,679 at the end of this year and subsequent payments which will grow at a rate of 4.6 percent annually.
|
Expected profit-expected loss and required probability
: What is the probability that Sara will die in her 60 th year? Using this probability and the $50,000 death benefit, what is the expected loss to Big Rock Insurance?
|
Compare alimony versus child support from tax perspective
: Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient.
|
Hypothesis testing of equality of two mean
: You want to know whether the population means are different in the two populations. Conduct an hypothesis test using an alpha of .05 and the critical value method.
|
Best iq score for first born child
: Suppose IQ scores were obtained from randomly selected twins. For 20 such pairs of people, the linear correlation coefficient is .896 and the equation of the regression line is y= -.38 + .99x-What is the best IQ score for the first born child.
|
Critical value using desired confidence level
: If desired confidence level is 95 percent, suitable critical value is?
|
Patient orders in computer system
: Look at the attached Entity Matrix. Will that class be enough to change physician behaviour so that physicians will enter their own patient orders into a computer system?
|
Break-even transactions
: Determine if you should open the retail shop in this vacant space. Include the break-even transactions, CM%, and the break-even dollar amount. Explain your answer (include rationale if your answer is yes or no).
|