Reviews the earnings of three divisions

Assignment Help Basic Statistics
Reference no: EM13110155

A corporate CEO reviews the earnings of three divisions over the last eighteen months. Each division reports its earnings quarterly. Based on the earnings below, is there sufficient evidence to conclude, at the 99% level of confidence, that one of these divisions is more profitable than the others?

Division I Division II Division III

45 5 22

52 13 15

57 34 22

19 28 4

57 12 9

4 5 13

· State the null and alternate hypotheses

· Calculate the sums of squares SS(total), SS(factor), and SS(error)

· Calculate the degrees of freedom df(total), df(factor), and df(error)

· Calculate the mean square for factor, and the mean square for error

· Calculate the F-statistic

· Determine the critical value(s)

· State your decision: Should the null hypothesis be rejected?

Reference no: EM13110155

Questions Cloud

Why would some microorganisms grow on the surface : Why would some microorganisms grow on the surface of some broth in a test-tube?
Formulating an ilp model : Kentwood Electronics manufactures three components for stereo systems: CD players, tape decks, and stereo tuners. The wholesale price and manufacturing cost of each item are:Component Wholesale Price Manufacturing CostCD Player.
Does the gymnosperm embryo use the same nutritive tissue : What further adaptations have gymnosperms made for life on land when compared with the ferns?
Research and evaluation : What value is business research and hypothesis testing to a company? How long should it take a company to complete a scientific research study?
Reviews the earnings of three divisions : A corporate CEO reviews the earnings of three divisions over the last eighteen months. Each division reports its earnings quarterly.
How role of human resources provide valuable advice : HR planning should be focused on helping the organization achieve its strategic intent, which derives from its vision. These strategies need to both service the short-term, operational concerns and the slightly longer-term strategic.
Describe the generation and transmission of a neural : All neurons are neural tissues, but not all neural tissues are neurons! Identify and discuss the roles of our different neural tissues, giving practical examples with respect to location and function as you go!
Find variable-number of magazines or number of years : Same survey showed that average length of time each store was in business in 6 years, with standard deviation of 2.5 years. Which is more variable, number of magazines or number of years?
Explain the basis for the symptoms : Robert, a smoker, is 52 years old. He has elevated blood pressure, in part, due to an elevated erythrocyte count. Knowing that smokers often have reduced plasma O2 levels, explain in detail (in a paragraph) why his erythrocyte count is elevated.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Compute the probability of rejecting a batch

Assume company uses (100, 5) sampling plan to find out whether batch of 100,000 chips is acceptable. a) Compute the probability of rejecting a batch which has 3% defectives?

  Difference between descriptive and prescriptive models

Explain the difference between descriptive and prescriptive (optimization) models. Describe how to use Excel data tables, scenario manager, and goal seek tools to analyze decision models.

  Assumptions of t distribution and normal distribution

Assume the population is normally distributed, the confidence level is 95%, n = 12, and σ is unknown.

  Information in a graphical format

Graph the information using a histogram and a scatter plot in Excel as well. How does seeing the information in a graphical format provide more information?

  Chi square distribution-hypothesis test

There are three loan officers at Farmer National Bank. All decisions on mortgage loans are made by one of these officers. The president of the bank would like to be sure that the rejection rate is about the same for the three officers.

  Determining statistics-poisson distribution

Use the Poisson Distribution the indicated probabilities in one year, there were 116 homicide deaths in Richmond VA. For a randomly selected day

  Xbar distribution of sample means

If random sample of size n = 16 are selected, can we say anything about the xbar distribution of sample means?

  Define mathematical averages

Critically illustrate out the term standard deviation. Define mathematical averages. Why is the standard deviation less than the mathematical average?

  Chi-square goodness of fit test

The chi-square goodness of fit test can be used when we:

  Information about normal probability distribution

The monthly income of residents of Dayton is normally distributed with a mean of $3000 and a standard deviation of $500.

  Column inches of classified advertisements

The number of column inches of classified advertisements appearing on Mondays in a certain daily newspaper is normally distributed with a population mean of 320 and a population standard deviation of 20 inches.

  Central limit theorem-single sample hypothesis test

A spokesman for a popular television game show claims that contestants on the show win an average of $1200. In a random sample, 35 contestants were questioned on the amount of money they had won in order to test the hypothesis.

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