Inferences about two population variances

Assignment Help Basic Statistics
Reference no: EM13111569

The standard deviation in the 12-month earnings per share for 10 companies in the airline industry was 4.27 and the standard deviation in the 12-month earnings per share for 7 companies in the automotive industry was 2.27 (Business Week, August 14, 2000). Conduct a test for the equal variances at a=.05. What is your conclusion about the variability in earnings per share for the airline industry and the automotive industry?

Reference no: EM13111569

Questions Cloud

Predicting monthly sale : For years The Glass Slipper restaurant has operated in a resort  community near a popular ski area of New Mexico. The restaurant  is busiest during the first 3 months of the year, when the  ski slopes are crowded and tourists flock to the area.
Problems of hypothesis testing : A sample of n=9 scores is obtained from a normal population distribution with o-=12. The sample mean is M=60.
Two population variances-media matrix and jupiter : Media Matrix and Jupiter Communications gathered data on the time adults and the time teens spend online during a month (USA Today, September 14, 2000).
Question regarding inferences about two population variances : Most individuals are aware of the fact that the average annual repair cost for an automobile depends on the age of the automobile. A researcher is interested in finding out whether the variance of the annual repair costs also increases with the ag..
Inferences about two population variances : The standard deviation in the 12-month earnings per share for 10 companies in the airline industry was 4.27 and the standard deviation in the 12-month earnings per share for 7 companies in the automotive industry was 2.27
Question regarding goodness of fit test : The American Bankers Association collects data on the use of credit cards, debit cards, personal checks, and cash when consumers pay for in-store purchases (The Wall Street Journal, December 16, 2003). In 1999, the following usages were reported.
Statistics-five step hypothesis testing : Given the Life expectancy data for the countries of the E.U., can we conclude that the mean Life Expectancy in the U.S. is greater than the mean Life expectancy in the E.U.?
Non directional hypothesis : Suppose the company that has produced "Get Slim X" now produces an even better diet pill. This new and improved version is called "Get Super Slim X."
Test statistics-directional research hypothesis : An entrepreneur owns two hotels, one in the western region of a certain state and the other in the eastern region. He thinks that the average amount spent by guests for lunch at his Friendly Café-West is less than $34.50

Reviews

Write a Review

Basic Statistics Questions & Answers

  Test statistic value and degrees of freedom

In comparing the two variances below, what is the test value and what are the degrees of freedom that should be used?

  Better grade exam scores

Which of the following exam scores should lead to the better grade?

  Computing probability values using normal distribution

Computing probability values using normal distribution - How many students earned between $20,000 and $40,000

  Determine the sample size for poll

That's a much larger sample than standard sample surveys. In spite, we cannot trust result to give good information about any clearly defined population. Explain why?

  Probability of a fatal accident over a lifetime

The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality. Over a lifetime, an average U.S. driver takes 50,000 trips. (a) What is the probability of a fatal accident over a lifetime? Explain your rea..

  Average forecast with an exponential smoothing fore-cast

Compare a three-month moving average forecast with an exponential smoothing fore-cast for a = 0.2. Which provides the better forecasts using MSE as the measure of model accuracy?

  Compare the dispersion of two distributions

The mean monthly demand for steam boilers is 6.8 with a standard deviation of 1.7. Compare the dispersion of these distributions. Which demand pattern has more relative variation? Explain.

  Test of sample means or sample proportions

At the .05 level, you are testing whether there is a significant difference in the proportions of college students and similar aged non college students having accidents during the two year period. Is this a test of sample means or sample proporti..

  Proportions of patients reporting pain relief

Is there a significant difference in the proportions of patients reporting pain relief?

  Chi-square goodness-of-fit test

What is the chi-square goodness-of-fit test? What are the differences/similarities between this test and an independent t-test? How do you know when to use one analysis over the other? Show an example.

  Find out the p-value for the test

The average hourly wage last year for members of the hospital clerical staff in a large city was $6.32. The standard deviation of the population was $.54. This year a sample of 50 workers had an average hourly wage of $6.51. Test the claim at alph..

  Determine correlation coefficient and regression

The city of Oakdale wishes to see if there is a linear relationship between the temperature and the amount of electricity used (in kilowatts).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd