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Suppose a study reports that the average price for a gallon of self-serve regular unleaded gasoline is $3.16. You believe that the ?gure is higher in your area of the country. You decide to test this claim for your part of the United States by randomly calling gasoline stations. Your random survey of 25 stations produces the following prices (all in $). Assume gasoline prices for a region are normally distributed. Do the data you obtained provide enough evidence to reject the claim? Use a 1% level of signi?cance.
3.27 3.29 3.16 3.20 3.37 3.20 3.23 3.19 3.20 3.24 3.16 3.07 3.27 3.09 3.35 3.15 3.23 3.14 3.05 3.35 3.21 3.14 3.14 3.07 3.10
Which of the following is true about the expected value of perfect information. It is the amount you would pay for any sample study.
Describe each of the following types of designs, explain its logic, and why the design does or does not address the selection threats of Trochim and Donnelly (2006):
Determine the rejection region for the hypothesis Ho : mean D= 0 if H a : mean D > 0. Use a = 0.01. z>
Compute the suitable Test Statistic to test hypothesis that the proportion of condominiums that sold within 30 days decreased from 2006 to 2007.
To find z-score and required probabilities based on Normal distribution. Assume that childrens weekly allowances are normally distributed in the population.
A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision.
A person must score in the upper 2% of the population on an IQ test to qualify for member ship in Mensa, the international high-IQ society. If IQ scores are normally distributes with a mean of 100 and a standard deviation of 15, what score must a ..
Develop percent frequency distribution and construct bar chart and pie chart.
Use this information to develop a 95% confidence interval to estimate the production variance for the hourly wages of production workers in U.S. What is the value of upper limit of this confidence interval?
The main part of the ACS contacts 250,000 addresses by mail each month, with follow-up by phone and in person if there is no response. Each household answers questions about their housing, economic, and social status. What is the Population.
Why is a normal distribution called "normal"? Investigate the answer to this question on the internet and share the answer in your own words. Be sure to cite your sources.
The diameters of bolts produced by a certain machine are normally distributed with a mean of 0.30 Inches and a standard deviation of 0.01 inches.
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