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1. When would you use a two population test with a small sample size at your place of employment, in your education, or in politics?
2. Do parametric and non-parametric share any of the same characteristics? How does a non-parametric business scenario differ from a parametric business scenario? Use an example not found in the text or PowerPoint's to explain your response.
A person purchased a slot machine and tested it by playing it 1,245 times. There are 10 different categories of outcomes, including no win, win jackpot, win with three balls, and so on.
A random sample of students is selected, and each one is asked to try first brand A and then brand B, or vice versa with the order determined at random.
Create a 95% confidence interval for the population mean days absent for sickness based on this sample. Select the answer closest to your results.
Pizza House offers 4 different salads, 5 different kinds of pizza, and 4 different desserts. How many different three course meals can be ordered?
Compute the number of French fries that would have to be sampled and measured to be 98% sure of being within 0.4 cm of the true mean.
If the population mean is 36, are the serial killers significantly more introverted at the .05 level? Perform the appropriate one-tailed test.
Using the business problem selected ( business, economic or marketing)develop a problem statement which can be addressed with survey research. Prepare a 10-13-question survey to collect primary data regarding your selected problem statement.
A chance sample of 50 families revealed an average or median of $112,000 and a standard deviation of $40,000. What is the standard error of the average or median?
Determine the probability that person's monthly gasoline (gallon) purchases will be less than 67 gallons.
A student is taking a multiple choice exam in which each question has four choices . Assume that the student has knowledge of a correct answer to any of the questions.
You need to estimate the mean number of travel days per year for outside salespeople. The mean of a small pilot study was 150 days, with a standard deviation of 42 days.
What is the null hypothesis in a chi-squared test of independence? List the assumptions under which the linear regression model is supposed to work.
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