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You are studying vacation rentals in a particular area identified by population,1 and population 2. You believe the mean price paid by population 2 should be greater than the mean price paid by population 1. Upon taking random samples of 15 from population one, you calculate a mean of $500 with a variance (s- squared) of $50625. You have 20 random samples from population 2 with a sample mean of $700 in a variance, $52900.
A. Set up appropriate hypotheses.
B. Perform the appropriate test and interpret your results
C. Construct a 95 percent confidence interval that will contain the true difference between the population means
The company is thinking of changing its test to use a 10% level of significance. How would this change the company s exposure to each type of risk?
Find the present value given that interest rates are a constant 6%, vnnpx = 0.4 and Ax(1n) = 0.2. Assuming UDD, find a formula for the present value in terms of end-of-the-year-of-death insurances.
If I test at the 1% level, how would I find the pooled sample proportion, test statistic, and the p value that corresponds to the test statistic.
Can someone give me instructions on how to run a one-way ANOVA with Eta in SPSS?
Provide an example that follows either a binomial or Poisson distribution, and explain why that example follows that particular distribution.
Assume that cans of Coke are filled so that the actual amounts have a mean of 12.00 oz and a stand. dev. of 0.11 oz. Find the P that a sample of 36 cans will have a mean amount of at least 12.19 oz.
Suppose there is no cyclical component. Quarterly billing for water usage is shown below describe summer billing for year 5.
For each of the following tests and z values, determine the p-value for the test:- Left-tail test and z = - 1.62- Right-tail test and z = 1.43.
Standard deviation of 8 hours. what percentage of the bulbs have lifetimes that lie within 1 standard deviation to either side of the mean?
Leggo's pesto is make from a recipe brought to America by an immigrant ancestor the present generation refers to as Bisnonna Maria.
Find the probability of exactly 6 Mexican-Americans among 12 jurors.
Generate survival times X from an exponential distribution with rate lambda=1 with a censoring distribution C being exponential with rate theta = 2/3. Then Plot Kaplan-Meier Survival curve estimates along with true survival curve for n=25,100,1000..
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