What is the approximate p value for given test

Assignment Help Basic Statistics
Reference no: EM131407923

For a sample of 48 finance majors, the average time spent reading each issue of the campus newspaper is 19.7 minutes, with a standard deviation of 7.3 minutes. The corresponding figures for a sample of 40 MIS majors are 16.3 and 4.1 minutes.

Using the 0.01 level of significance, test the null hypothesis that the population means are equal. Using the appropriate statistical table, what is the approximate p-value for this test? Construct and interpret the 99% confidence interval for the difference between the population means.

Reference no: EM131407923

Questions Cloud

Construct and interpret the confidence interval : Observing a sample of 35 morning customers at a convenience store, a researcher finds their average stay in the store is 3.0 minutes, with a standard deviation of 0.9 minutes.- Construct and interpret the 95% confidence interval for the difference ..
What is its marginal cost of capital to raise needed funds : If Killer needs to raise $220,000 and it expects to generate $100,000 in retained earnings this year, what is its marginal cost of capital to raise the needed funds?
Construct and interpret the confidence interval : Two machines are supposed to be producing steel bars of approximately the same length.- Construct and interpret the 95% confidence interval for the difference between the population means.
Controlled in workers compensation insurance : Give examples of how morale hazard is controlled in workers' compensation insurance.
What is the approximate p value for given test : What is the approximate p-value for this test? Construct and interpret the 99% confidence interval for the difference between the population means.
Internet search on it professionals : Conduct an Internet search on the topic of information technology (and related terms). Look for interesting information. See if you can find the origin of the discipline and learn how it evolved. Write a paper on your findings.
Conclude that average production employee complete test : At the 0.05 level, can we conclude that the average production employee will complete the test more quickly the second time he or she takes it?
Are you in favor of automatic voter registration : Are you in favor of automatic voter registration? Why or why not? What do you see as the positives and/ or negatives of automatic registration? Do you think automatic registration will increase voter turnout? Why or why not?
What is its cost of new common equity : The company expects to pay a $3.36 per share dividend at the end of the year. If Bonanza's cost of retained earnings is 15.5 percent, what is its cost of new common equity?

Reviews

Write a Review

Basic Statistics Questions & Answers

  What are the moment-generating function-mean-variance

Telephone calls enter a college switchboard at a mean rate of 2/3 call per minute according to Poisson process. Let X denote the waiting time until the tenth call arrives. what are the moment-generating function, mean and variance of X?

  Estimating the future sales using adjusted sales forecast

Compute a seasonalized or adjusted sales forecast.

  The regression equation relating putting distance in feet

the regression equation relating putting distance in feet and success rate percent for golfers based on 11 distances

  What would be drawn at percent level of significance

To test this theory, a sample of 564 peas was studied with the result that 141 produced white, 291 produced pink, and 132 produced red flowers. Using the chi-square approximation, what conclusion would be drawn at the 5 percent level of signific..

  Comparing probability of successes

let the number of trials be n = 3, and let the probability of success be p = 0.0228. Use a calculator to compare:

  Normal approximation to the binomial probability

How would you find the normal approximation to the binomial probability P(x = 5) in part A? Please show how you would calculate µ and σ in the formula for the normal approximation to the binomial, and show the final formula you would use without g..

  Mutually exclusive events and independent event

Given that P (A) = 0.7, P (B) = 0.5, and P (A B) = 0.8. Find the following probabilities:

  Probability that a female customer

Furthermore, the data shows that 35% of the females who visited his store purchased a cell phone, while 20% of the males who visited his store purchased a cell phone. What is the probability that a female customer will purchase a cell phone?

  Probability of monitoring the patients

This morning the office you are monitoring has eight office visits on the schedule. What is the probability that:

  As the number of degrees of freedom for a t distribution

as the number of degrees of freedom for a t distribution increases the difference between the t distribution and the

  Wide sense stationary process

Show by example that the random process  may be a wide sense stationary process even though the random processes

  The least squares prediction equation

SAS was used to fit the model E(y)  data points and the printout shown on page 573 was obtained

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