Texas transportation institute at texas a-m university

Assignment Help Business Economics
Reference no: EM136753

Q. The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic. Of 75 urban areas studied, the most jammed urban area was Los Angeles where drivers wasted an average of 90 hours per year (U.S. News & World Report, October 13, 2003). Other jammed urban areas included Denver, Miami, and San Francisco. Assume sample data for six drivers in each of these cities show the following number of hours wasted per year sitting in traffic.
Denver Miami San Francisco
70 66 65
62 70 62
71 55 74
58 65 69
57 56 63
60 66 75

a. Compute the sample mean hours wasted per year for each of these urban areas.

b. Using a = .05, test for significance differences among the population mean wasted time for these three urban areas. What is the p-value? What is your conclusion.

Reference no: EM136753

Questions Cloud

Exchange rate for a ton of cereal : In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Technology lovers vs technophobes : Select one market segment, and describe in one or two paragraphs what features the cell phone might have in order to be attractive to this segment.
Hire a new person in the marketing department : Choose whether to hire a new person in the marketing department or upgrade your computer system.
Sample correlation coefficient : Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
Texas transportation institute at texas a-m university : The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
Different classification system for the objects : Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Elasticity conditions : Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Market structure problem : What is the new equilibrium price and output in the short run for both the industry and each firm.
Developing - emerging economy : Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.

Reviews

Write a Review

Business Economics Questions & Answers

  Maximize your expected profits

Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.

  What impact would the wage increase

Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.

  Marginal utility for hot dogs

At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.

  United states to raise its own interest rate

Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.

  Entrepreneurship and capital venturing

Describe the Schumpeterian notion of "creative destruction"

  Define a utility function

The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.

  Breakeven price for the toy truck

At present, the original manufacturer is deciding either they should continue production of toy truck.

  Disposable personal income equals personal income

Disposable personal income equals personal income and two factors are the keys to determining labour productivity

  Demand curve for office visits

A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..

  Affect simple money multiplier

Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.

  The shift of the demand curve

Find the equilibrium price and quantity after the shift of the demand curve.

  Desired investment function would change the way

Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.

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