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Q1) There are many methods utilized by people to organize their lives in terms of keeping track of appointments, meetings and deadlines. Some of these comprise using desk, calendar, using informal notes of scrap paper, keeping them "in your head", using daily planner, and keeping formal "to do list". Assume a business researcher wishes to test hypothesis that greater proportion of marketing managers keep track of such obligations "in their head" than do accountants. To test this, business researcher samples 400 marketing managers and 450 accountants. Of those sampled, 220 marketing managers keep track "in their head" whereas 216 of accountants do so. Using a 5% level of significance, what does business researcher determine?
The Type 1 error states the probability of being wrong whenever:
A study of cardiovascular risk factors compared heavy smokers, light smokers, and nonsmokers. Both men and women were included in the study and gender differences were also to be investigated. One of the variables measured was the heart rate after..
Establish an approximate design to MTBF required for a system that will result in an approximate minimum total cost over a five year period if the system is to be operated 7500 hours per year
Use a 5% significance level to test the claim that there appears to be a difference in the effectiveness of the two diets.
What was the critical F value chosen?
Suppose that this is a simple random sample of adult residents of Maine.
When using the distribution of sample means to estimate the population mean, what is the benefit of using larger sample sizes?
Determine z score corresponding to minimum height requirement and determine z score corresponding to maximum height requirement.
For all questions, clearly explain/show your answers. For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.
Suppose that n trials of a binomial experiment result in no successes.
The average hourly wage of employees of a certain company is $9.83. Assume the variable is normally distributed.
Determine whether or not the mean waiting time of all customers is significantly more than 3 minutes.
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