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Case: A new credit card company operating in Canada is investigating various market segments to determine their profitability. One of the segments of interest is that of immigrants who became permanent residents in Canada in 2022. The latest report from IRCC shows that this population amount to 431,64512 individuals and they would like to know how many of them don't use a credit card to pay for the good and services they purchase. They commission a random survey of 500 individuals in this population to investigate their usual payment practice and obtain the following summary results: cash (98); check (47); Visa (165); Master card (151) and other credit cards (39).
Question: Calculate manually an appropriate one-sided 95% confidence interval [HINT: lower bound] for the population proportion of immigrants who became permanent residents in Canada in 2022 and who use cash or checks as a payment method. Interpret the confidence interval.
The following data are the result of a historical study of the number of flaws found in a porcelain cup produced by a manufacturing firm.
You can now invest at 8%. When you retire you want to be more conservative, so you will earn 3%. How much do you need to start saving each month?
Do the data provide significant support for any preferences among the three brands? Test At the .05 level of significance.
the local newspaper was interested in the proportion of people that would vote in favor of a bond issue to add a new
production records indicate that 1.5 of the light bulbs produced in a facility are defective. a random sample of 22
Sketch a scatterplot with an outlier that would inflate the correlation between the two variables. Sketch a scatterplot with an outlier that would deflate the correlation between the two variables.
(b) Is the language of this grammar the same as the language of the grammar in Exercise 39? Why or why not?
Explain why we should not use the regression equation we found in Exercise for speed-skating time versus year to predict the winning time for the 2010.
Find a 99% confidence interval for the proportion of all adult Americans who gambled on sports in this time period. How would you interpret this interval?
A researcher wishes to test the claim that the average age of lifeguards in Ocean City is greater than 24 years. She selects a sample of 36 guards and finds the mean of the sample to be 24.7 years with a standard deviation of 2 years. Is there evi..
1. Suppose a 95% confidence interval is computed for resulting in the interval (112.4, 121.6). Then
Write the R code that you would use to determine the names of the variables (columns) in a basic data-frame.
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