True mean point-spread error

Assignment Help Basic Statistics
Reference no: EM131919003

During the National Football League (NFL) season, Las Vegas odds makers establish a point spread on each game for betting purposes. For example, the Carolina Panthers were established as 3.5-point favorites over the eventual champion Denver Broncos in the 2016 Super Bowl. The final scores of NFL games were compared against the final point spreads established by the odds makers in Chance (Fall 1998). The difference between the game outcome and point spread (called a point-spread error) was calculated for 240 NFL games. The mean and standard deviation of the point-spread errors are 1.6 and 13.3, respectively. 

Use this information to test the hypothesis that the true mean point-spread error for all NFL games is positive. Conduct the test at α = .10 and interpret the result.

Reference no: EM131919003

Questions Cloud

Share of a company stock : Suppose you own a share of a company's stock. Over the past several days its selling prices has been right around $14.89.
Gold standard of a biopsy done : A new gene scan is developed to detect a certain type of cancer. It is studied in 100 patients who also have the gold standard of a biopsy done.
Prepare a cause-and-effect diagram : A professor who teaches the Introduction to Management course has noticed that 20 percent of the students in her sections receive a grade lower than 2.0.
Find the probability that four : Find the probability that four of the 10 U.S. adults work during their summer vacation, P(x=4).
True mean point-spread error : Use this information to test the hypothesis that the true mean point-spread error for all NFL games is positive. Conduct the test at a = .10 and interpret
Make a histogram of the data for production : The injection-molded caps of disposable ballpoint pens must meet tight specifications to fit snugly on the pen. One specification that is tracked is the cap's.
Exchange rate problem : Deluxe Corporation is a large chain of retail stores operating in the USA. The proposed project is to be evaluated over a three-year time horizon.
Choose a random sample to test hypothesis : Not using a random sample How could you choose a random sample to test this hypothesis?
Create a processing program to simulate a indexed imaging : Assignment: Color Indexing and Dithering- Create a Processing program to simulate a indexed imaging and implement Floyd-Steinberg dithering.

Reviews

Write a Review

Basic Statistics Questions & Answers

  The population mean annual salary for flight attendants is

the population mean annual salary for flight attendants is 56275. a random sample of 48 flight attendants is selected

  Find percentage of data values that will fall in range

The average labor charge for automobile mechanics is $54 per hour. The standard deviation is $4. Using Chebyshev's theorem, find the percentage of data values that will fall in the range of $48 to $60.

  Manager took a random sample

A human resource manager is interested in whether absences occur during the week with equal frequency. The manager took a random sample

  Construct a confidence interval for the proportion in market

If the decision to incur the high additional programming cost was to be made if p > 0.90, was the right decision made (when Eidos went ahead with the ponytail)?

  Nation mathematics assessment test

A random sample of 77 eighth grade students' scores on a nation mathematics assessment test has a mean score of 278 with a standard deviation of 31.

  Type of study would yield the information you need

1. You are moving to a country where malaria is endemic. From past experience you know that you don't feel well when taking anti-malarials and would like to avoid them. You want to know how much more risk you would be incurring by not using ..

  Problem regarding the reversed martingale

Show that for any sequence of U -statistics {Un, n ≥ m} generated as above by a random variable f (X1,..., Xm ) with f symmetric and EQ | f | ∞, {Un, Cn }n≥m is a reversed martingale.

  Long run proportion of new product placements

What level of confidence is associated with an interval of .400513 to .515487 for the long run proportion of new product placements?

  Confidence and estimated standard deviation

If the estimate is to be within 8 mpg of the true mean with 98% confidence and the estimated standard deviation is 22 mph, how large a sample size must be taken?

  How many different samples are possible environmental agency

A representative of the Environmental Protection Agency (EPA) wants to select samples from 10 landfills. The director has 15 landfills from which she can collect samples. How many different samples are possible?

  Review problem related to an appliance store

An appliance store sells 20 refrigerators each week. Ten percent of all purchasers of a refrigerator buy an extended warranty.

  The inhabitants of two south pacific islands

To find out whether the inhabitants of two South Pacific islands may be regarded as having the same racial ancestry, an anthropologist determines the cephalic indices of six adult males from each island, getting 1 = 77.4 and 2 = 72.2 and the corre..

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