Measurements made on the base metal are more variable

Assignment Help Econometrics
Reference no: EM131162770

Twenty-one independent measurements were taken of the hardness (on the Rockwell C scale) of HSLA-100 steel base metal, and another 21 independent measurements were made of the hardness of a weld produced on this base metal. The standard deviation of the measurements made on the base metal was 3.06, and the standard deviation of the measurements made on the weld was 1.41. Assume that the measurements are independent random samples from normal populations. Can you conclude that measurements made on the base metal are more variable than measurements made on the weld?

Reference no: EM131162770

Questions Cloud

Discuss the stages of model formulation : Discuss the stages of model formulation with respect to the aggregate model. In particular, interpret the objective function and constraints given by expressions (1) to (15).
Briefly describe the racial or ethnic group : Briefly describe the racial or ethnic group and your understanding of its communication patterns. Provide examples of the importance of multicultural communication in today's society.
Develop a public service health announcement : Develop a public service health announcement. The PSHA should: Have a clear message. Be targeted toward a specific audience. Be persuasive in nature.
Review background information on food insecurity issues : Review background information on Food Insecurity issues in the U.S. You will visit two grocery stores near you and complete the NEMS evaluation instrument on each store and then write a 1-2 page reflection on your experience.
Measurements made on the base metal are more variable : Can you conclude that measurements made on the base metal are more variable than measurements made on the weld?
Derive the production plan that minimizes total cost : Derive the production plan that minimizes total cost. Solve by both backward and forward induction. Consider x1 and x2 as continuous variables, since any fraction of a ton may be produced in either month.
How should the be allocated among the projects : How should the $35,000 be allocated among the projects to achieve the largest total reduction in completion times? Assume that the additional funds can be allocated only in blocks of $5000.
Arguments that grazian and other readings : What are the main arguments that Grazian and other readings assigned for this week make about the relationship between social class and cultural consumption? Do you think there a value-difference today between popular culture and high culture? Why..
Effect diagram showing the potential causes of falls : Draw a flow chart showing under what circumstances a patient might fall. - Construct a cause - and - effect diagram showing the potential causes of falls.

Reviews

Write a Review

Econometrics Questions & Answers

  What price maximizes the sum of their profits

What price maximizes the sum of their profits? How much profit does each firm earn when they charge the same price and maximize the sum of their profits? What price maximizes profit for HH Gregg when Best Buy's price = a?

  Who has the advantage in the production of apples

Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges/ Apples 10/ 0 5 /15 0/ 30 Explain who has a comparative advantage in the production of oranges and who has the advantage in the production of apples.

  Use expenditure approach to compute gdp and ndp

Net income from nonfarm unincorporated business, including rent 35 Personal consumption expenditure 398 Imports 170 Undistributed corporate profits 7 Personal taxes 136 a) use expenditure approach to compute GDPb) Calculate NDP c) Calculate NNI

  Find the optimum consumption basket

Consider a consumer with the utility functionU(X,Y)=10Min(X,Y) , where Min is the minimum ofthe two values of X and Y. If the prices of the two goods are Px=$4 andPy=$8, and the consumer income is $60.

  Consider the following sample of nine wait times measured

consider the following sample of nine wait times measured in seconds at a drive through coffee shop. the population

  Derive a condition for relative income differences

Derive a condition for relative income differences to be smaller in this case than in the model with international trade. Provide a precise intuition for why international trade may increase relative income differences.

  What is long-run equilibrium price and total industry output

Each firm in a competitive industry has an identical cost structure wherein long-run average costs are minimized at q=20. The minimum average cost is $10/unit. Suppose the market demand is given by Q=1500-50P.

  Question about price ceiling

Acme Water is a privately owned firm that is sole supplier of water to a rural town in Pennsylvania. The owner of company has provided the manager of firm an incentive to maximize company's profits,

  Calculate the equivalent present worth deposit

A 10 year series of $10,000 annual deposits is followed by 10 more annual deposits of $20,000, which is followed by 20 more years at $30,000 per year. For the total 40 year period, calculate the equivalent present worth deposit as well as the bala..

  Determine what is the net effect on the monetary base

Suppose the Fed buys $100 million Euros with Federal Reserve Notes and, at the same time, sells $100 million of U.S. government securities for cash in a domestic open market operation.

  What is the effect of higher exchange rate on export /import

Because wage rates are so low in Africa, why don't Microsoft, Cisco and other major corporations close down their American operations and move to Africa?

  Compute the ae in the economy of timberland

After this change, the interest rate is found to be below the equilibrium interest rate. Describe the effect of this level of interest rate on the price of bonds, the need for cash balances, the opportunity cost for holding money.

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