Number of deliveries than the second delivery truck

Assignment Help Business Economics
Reference no: EM131963779

1. A consumer testing organization wants to know whether two brands of work shoes have equally long- lasting heels. Test show that 50 randomly selected worked wore out the heels of Brand X shoes, on average, in 96 days with standard deviation of 6.4 days, while 50 randomly selected workers wore out the heels of Brand Y shoes, on average, in 99 days with a standard deviation of 6.1 days.

(a) Test at level of significance α = 0.05 whether the difference between the two average wearing lives is significant.

(b) Compute the p-value and use it to decide whether the difference between the sample means is significant at the 0.05 level of significance.

2. A study was made of the number of gallons of gasoline purchased by customers for their automobiles at two gasoline stations. If 35 randomly selected purchases made in station A average 9.6 gallons with standard deviation of 1.75 gallons and 51 randomly selected sales at station B average 8.3 gallons with a standard deviation of 2.18, test at the level of significance α = 0.01 whether the difference between these two-sample means is significant.

3. Suppose that a delivery truck, while on its route on six randomly selected days, made an average of 14 deliveries per day with a standard deviation of 2 deliveries. A second delivery truck, while on another route on seven randomly selected days, made an average of 12 deliveries per day with a standard deviation of 4 deliveries. Can we assert at the level of significance α = 0.05 that the first delivery truck on its route makes a larger number of deliveries than the second delivery truck on its route?

Reference no: EM131963779

Questions Cloud

Find the 60th percentile : A bank's loan officer rates applicants for credit the rating are normally distributed with a mean f 200 and a standard deviation of 50 find the 60th percentile
What salary represents the 15th percentile : What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.
Design a web scraping program by python to collect : Design a web scraping program by Python to collect weather forecast report data of a city from a website.
Describe the costs associated with software quality work : Describe the costs associated with software quality work? What practices should software engineers follow to enhance quality of software produced by their team?
Number of deliveries than the second delivery truck : Can we assert at the level of significance a = 0.05 that the first delivery truck on its route makes a larger number of deliveries than the second delivery.
Discuss in detail the role that an ids or ips would play : Discuss in detail the role that an IDS / IPS would play in the IR efforts, and explain how these systems can assist in the event notification.
Identify responsibilities of the decision maker : Consider the impact of the options on the stakeholders (consequences, risks, benefits, harms, costs).Identify responsibilities of the decision maker.
Describe method of establishing compliance of it security : Describe the importance of and method of establishing compliance of IT security controls with U.S. laws and regulations.
What is the HPR on each of the two bonds : What is the HPR on each of the two bonds if the interest rate after one year is 4%?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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