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The Graduate Management Admission Test (GMAT) is a test required for admission into many masters of business administration (MBA) programs. Total scores on the GMAT are normally distributed. The Graduate Management Admission Council, who administers the test, claims that the mean total score is 529. Suppose a random sample of 8 students took the test, and their scores are given below.
699, 560, 414, 570, 521, 663, 727, 413
Use α = .05 to test the claim that the mean total score is different from 529.
Automobile manufacturers are interested in the difference in reaction times for drivers reacting to traditional incadescent lights and to LED lights.
P-value to test hypotheses,
At least half the patients are under 15 years old? First, explain how this can be modeled as a binomial distribution with 8 trials, where success is visitor age is under 15 years old and the probability of success is 20%.
Estimate the probability the store will gross over $850 a) Fewer than 5 out of 10 business days.
Compute the suitable Test Statistic to test hypothesis that the proportion of condominiums that sold within 30 days decreased from 2006 to 2007.
Point out your final decision concerning hypothesis test and compute p-value for test.
Use a .10 level of significance to test the claim that the variance of all scores in the population is more than 9.
In a mobile phone shop on a Sunday morning, out of n = 77 customers x = 19 buy a mobile phone. What is the 95% confidence interval for the proportion of customers buying a mobile phone?
Estimate and interpret the p-value of the calculated test statistic above.
What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company?
If an urn is selected at random and a ball is drawn, find the probability it will be red.
Draw a simulation experiment for car agency and simulate using fleet of four rental cars for 10 days.
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