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Twenty-five students were randomly selected from each of three universities in a region and were asked to report on the amount of time they spent socializing each day with other students. The result for University X was a mean of 5 hours and an estimated population variance of 2 hours; for University Y; and for University Z. What should you conclude? Use the .05 level. What should you conclude? Use the .05 level.
a) Use the steps of hypothesis testing
b) figure the effect size for the study
c) explain your answers to parts (a) and (b) to someone who has never had a course in statistics.
Rank the funds by using this alternative measure of risk. Which, if any outperformed the market on the risk-adjusted basis.
By using the maximax criterion, what decision should be made by the decision maker?
Paired samples t-test for the given data - financial advice from the voluntary organization - A local voluntary organization affiliated to the Citizens Advice Bureau offers free financial advice to residents in the area who are registered debtors
Does the data prove a significant difference in mean times?
Plot stem-and-leaf plot and boxplot for Mtotal. Illustrate hand calculation of median location and upper hinge location of boxplot, and determine their corresponding data values.
Determining probability values using the Binomial distribution.Use the Binomial distribution to determine the probability that four or more of the contracts are in breach of the tendering guidelines.
Identify the sampling distribution to be used: the standard normal distribution or the Student's t distribution. Find the critical value(s).
Research question: Are mean crash damages same for these 3 vehicles? Crash1 Crash Damage ($).
Find the standard normal area for each of the following: (Round the answers to 4 decimal places.)
What is the probability of flipping a coin 6 times and getting 4 or more heads?
Illustrate a quantitative assessment of what our charts would look like and what these new targets would do to our operations.
Here are the DMS odor thresholds for 10 untrained students:
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