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In the past, monthly sales for HOOPS, a small software firm, have averaged $20,000 with standard deviation $4000. During the last year sales averaged $22,000 per month. Does this indicate that monthly sales have changed (in a statistically significant sense)? Use 0.05. Assume monthly sales are normally distributed.
Island Water Sports is a business that provides rental equipment and instruction for a variety of water sports in a resort town. On one particular morning, a decision must be made of how many Wildlife Raft Trips and how many Group Sailing Lessons ..
You are using a significance level of α = 0.05 to test a claim that p > 0.5. Your sample is a simple random sample of size n = 49. Calculate β for the test, assuming that the true population proportion is 0.7 and showing all work.
When do you use a one-tailed test? How do you find the critical values for one-and two tailed tests? When do you reject the null hypothesis? Under what circumstances is the null accepted?
Using the original data, estimate the population standard deviation with 90% probability.
Mr. Smith had 11 stocks that averaged 11.3 percent with a standard deviation of 3.2 percent. At the .02 level of significance, can we conclude that Mr. Jones' stocks have a different variation?
Store used ANOVA to test if mean sales for each credit card were equal. What are the degrees of freedom for F statistic?
Estimate the percentage who weigh more than 180 pounds? Assume that we want 96% confidence that the error is no more than 1.5 percentage points.
How large a sample is needed to estimate the true proportion of home owners who have vegetable gardens to within 0.04 with 98% confidence?
Bob gets tests grades of 86, 92, and 60 He gets an 90 on his final exam. Find the weighted mean if each tests counts for 20%, and the final exam counts for 40% of the final grade.
To test whether the significant difference between two proportion test using large sample test.
A college class believes that the average grade average of psychology students and the average grade averages of biology students are different.
What is the probability for the given frequency distribution?
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