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1. A machine is adjusted so that when under control, the amount of sugar filled in a bag is normally distributed with a mean amount of 5 pounds. To check if the machine is under control, six bags were picked at random and their weights (in pounds) were found to be as follows:
5.3, 5.1, 4.9, 5.4, 4.9, 5.3
At the 5% level of significance, is there sufficient evidence to conclude that the machine is not under control (the mean amount of sugar is different from 5 pounds)?
Briefly explain how sample size affect outcome of hypothesis test. How does sample size affect measures of effect size?
The bank wants to find out the waiting time of their customers during the Friday evening hours from 5pm to 8pm. Using the data in ungrouped form, compute the Standard Deviation, using the computational formula.
Critically discuss some reasons that business outputs vary? For example why does production output vary? Explain the difference between common causes of variation and special causes of variation.
In a regression model involving 30 observations, the following estimated regression equation was obtained:
An electrical firm manufactures light bulbs that have a length of life that is approximately normally distributed. If a sample of 16 bulbs has an average life of 50 hours and the population standard deviation is known to be 10 hours.
In the history class the mean score was 76 with standard deviation 3.
One of the most important uses of a correlation is its potential use in_________
Explain why the t distribution is used as a part of the confidence interval.
Country A and Country C spends about the same amount on average per person per year. Which has the greater spread?
Evaluate the result in part c with the decision using the expected value approach.
Enter relative proportions of the 3 samples in order (20,50,30) in "Expected values" area.
You've been recently hired as a marketing analyst in an advertising agency. You are assigned the task of assessing the impact of direct marketing promotions.
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