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Calculate the sample size needed given these factors:1. one-tailed t-test with two independent groups of equal size 2. alpha =.05 3. beta = .2Assume that the result is a sample size beyond what you can obtain. Use the compromise function to compute alpha and beta for a sample half the size. Indicate the resulting alpha and beta. Present an argument that your study is worth doing with the smaller sample.
Assume you were in charge of advertising for an automotive dealership when the gas prices increased to $6 per gallon. Most of your cars are fuel-efficient, but you have two models that have extremely poor fuel economy
What criterion would be used for rejecting the null hypothesis? Assume that the standard deviation, σ, of the population is known.
Suppose the following statistics were calculated from data gathered from a randomized block experiment with k = 4 and b = 10:
Then compute the probability of B in each situation (these are the P(B|An)). Finally weigh each of these probabilities with the probabilities that you are in an situation.
What sample size should be chosen so that there is 0.95 probability of estimating the mean monthly income in $150 or less?
The availability of venture capital provided by big boost in funds available to companies recent years. According to Venture Economics, 2,000 venture capital disbursements were made in 1999.
Ball bearings are manufactured with a diameter of 5 mm. But the process has variation, so the diameter is normally distributed with a mean of 5 mm and a standard deviation of .02 mm. A) What proportion of ball bearings are more than 5.03 mm?
Calculate a 95% upper confidence bound on the mean. Compare this bound with the upper bound of the two-sided confidence interval and discuss why they are different.
If the probability that it will rain tomorrow is 0.33, then what is the probability that it will not rain tomorrow?
A normal distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients would receive payments beyond age 75?
Pollsters attempt to find out whether or not person is a "likely voter" before they count their opinion in poll. If we suppose 40% of registered voters will really vote.
A restaurant has three sources of revenue: eat-in orders, takeout orders, and the bar. What are the mean and standard deviation of the total revenue on a particular day?
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