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Management development participants have to take a standardized test to test their knowledge of company rules and regulations.
a) The training coordinator is interested in examining how women are performing on the test. She takes a small sample of test scores (below). What is the best way she can summarize these scores using measures of central tendency?
70 68 66 73 77 95 69 64 95 71
b) Suppose that among all participants, the mean test score is 70.07 and the standard deviation is 10.27. Use z-scores to interpret a raw score of 80. What is the corresponding z-score? How would you interpret this result? Show your work.
c) The CEO wants to select only those persons who scored better than 95 percent of all participants for a special assignment. Assume a mean of 70.07 and a standard deviation of 10.27. Use z-scores to determine the minimum raw score required to be selected for this assignment.
The sample mean is 2.59 and the sample standard deviation is .66. Conduct the following test using 95% level of confidence.
There are two telephone lines A and B. Let E1 be the event that line A is being used and E2 be the event that line B is being used
An experiment consists of flipping the fair coin three times and noting the number of heads and tails. A random variable x is defined to be two times the number of heads plus the number of tails.
Now compute the standard deviation for this distribution.
In a bumper test, three types of autos were deliberately crashed into a barrier at 5mph, and the resulting damage (in dollars) was estimated. Five test vehicles of each type were crashed, with the results shown below. Are mean crash damages the sa..
Describe the sampling distribution model of this mean.
Evaluate the strength of the relationship by computing the coefficient of determination.
A sample of approx 25 students enrolled in the university points out that X (bar) = $315.4 and s = $43.20.
The sales manager had predicted, before the business started, that year 1's sales would be 410 air conditioners. Using exponential smoothing with a weight of alpha = 0.30, develop forecasts for years 2 through 6.
Explain finding value of test statistic and P-value also understand the result. At the .01 significance level can we compute that the mean fare has increased.
A local hardware store claims that the mean waiting time in line is less than 3.5 minutes. A random sample of 20 customers has a mean of 3.7 minutes with a standard deviation of 0.8 minute. If α = 0.05, test the store's claim.
The mean and the standard deviation of a sample of 100 bank customer waiting times are 5.46 and 2.475 minutes, respectively. a) Assuming the distribution is bell-shaped, calculate the waiting time intervals containing 68% and 95% of bank customer w..
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