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1. Suppose you want to test the claim that population mean miu=3.5. Given a sample size of n=34 and a level of significance of alpha=0.01, when should you reject Ho?
2. Find the standardized test statistic t for a sample with n=15, sample mean=8.7, s=0.8, and alpha =0.05 if Ho is less than or equal to 8.4.
3. Find the standardized test statistic t for a sample with n=12, sample mean=20.6, s=2.1, and alpha =0.01 if Ha: population mean miu not equal to 21.1.
Compute the mean, median, and mode. Which of these measures of central tendency do you think most accurately describes the lifestyle variable you are looking at?
(a) Find the median cost of houses at Coal City in 1988. (b) Find the modal selling price of houses at Coal City in 1988.
Create a 95 % confidence interval for the true mean. Why might normality be the issue here?
Is there enough evidence to support the consumer's conjecture at alpha=.10? 7.2 8.1 7.8 7.4 8.0 8.2 8.1 7.9
The following table gives the number of U.S. families, in thousands, with pet dogs, pet cats, and pet birds, by size of family.
Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other two years are each given a weight of 1.
Utilizing the .05 level, do the results support the psychologists' theory. Elucidate your answer to somebody whom has never had a course in statistics.
4 7 7 5 2 9 7 6 8 5 8 4 1 5 2 8 7 6 6 9. (a) Determine three quartiles and (b) draw box-and-whisker plot of the data.
illustrate briefly how an experimental study is conducted. What is the difference between the two types of variables used.
A producer of pleasure boats wants to maximize revenue during the next month. Two types of boats are sold, x1 and x2. Type x1 sells for $40,000 and type x2 sells for $30,000.
Explain how we test independent against dependent variables in a regression analysis? What's the set up? How are regression analyses often misused / misinterpreted at work or in the news? Cite an example.
A local bank wants to install motion detector burglar alarms. Each has a 70% chance of detecting a burglar. If the bank wants to be 99% certain of detecting a burglar how many need to be installed?
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