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Biting an unpopped kernel of popcorn hurts! As an experiment, a self-confessed connoisseur of cheap popcorn carefully counted 773 kernels and put them in a popper. After popping, the unpopped kernels were counted. There were 86.
a) Construct a 90% confidence interval for the proportion of all kernels that would not pop.
b) Check the normality assumption
c) Try the Very Quick Rule. Does it work well here? Why or why not?
d) Why might this sample not be typical?
Please show all steps.
What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)
A professor obtains SAT scores and freshman grade point averages (GPAs) for a group of n=15 college students. The SAT scores have a mean of M=580 with SS=22,400, and the GPAs have a mean of 3.10 with SS=1.26, and SP=84.
Using the EMV criteria (you wish to maximize expected profits in this case) determine what course of action that Optel should take. Make sure to state the best strategy in words.
The mean increase is $332, and the standard deviation is $108. Give a 99% confidence interval for the mean amount of the increase. Does omitting the annual fee induce customers to charge more on their credit cards?
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What is the probability that the first and the last ones on the EP are the relationship songs?
Develop a 95% confidence interval of the difference between the daily population means for the two airports.
Statistical Hypothesis testing - Frequency distribution
Why is it significant to be familiar with frequency distributions in the business world? Provide examples by using a distribution chart from a set of data.
What is the probability that a single randomly selected juror from Hidalgo County is Mexican-American? Explain briefly. What is the probability a single randomly selected juror is not Mexican-American? Explain briefly.
Suppose you, as manager of Tennessee Grilled Pork, will submit proposals for a small business loan and a city business grant to help fund the building of the new location you submitted to the management teams.
That's a much larger sample than standard sample surveys. In spite of this, we can't trust the result to give good information about any clearly defined population. Why?
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