• Q : The means appear to be very close....
    Basic Statistics :

    A sample of 25 concession stand purchases at October 22 matinee of Bride of Chucky showed a mean purchase of $5.29 with a standard deviation of $3.02.

  • Q : Are mean crash damages the same for these three vehicles....
    Basic Statistics :

    In a bumper test, three types of autos were deliberately crashed into a barrier at 5 mph, and resulting damage (in dollars) was estimated. Five test vehicles of each type were crashed, with the resu

  • Q : The degree of certainty independent of credits earned....
    Basic Statistics :

    Sixty-four students in an introductory college economics class were asked how numerous credits they had earned in college, and how certain they were about their choice of major. Research question: A

  • Q : Hypothesis testing based on chi-square independence....
    Basic Statistics :

    A student team examined parked cars in 4 different suburban shopping malls. One hundred vehicles were examined in each location. Research question: At _ = .05, does vehicle kind vary by mall locatio

  • Q : Normal probability for stock prices....
    Basic Statistics :

    Webster Company stock doesn't pay any dividends and it sells for $55 share. The continuously compounded expected return of stock is .12, with standard deviation of 0.22.

  • Q : Recognize your favourite brand in this kind of test....
    Basic Statistics :

    Can people really make out their favourite brand of cola? Volunteers tasted Coca-Cola Classic, Pepsi, Diet Coke, and Diet Pepsi, with the results shown below.

  • Q : Hypothesis testing for one sample mean....
    Basic Statistics :

    Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more must be sent by 2-day mail instead. Exceptions are allowed, other than they want the average to be 10 or

  • Q : Decision making-net present value....
    Basic Statistics :

    Thales Corporation wants to purchase machine for $60,000. It will depreciate the machine over the six-year period with no salvage value.

  • Q : Finding normal probability by using net present value....
    Basic Statistics :

    Rayburn Corporation is considering the purchase of new machine which has expected life of five years with a standard deviation of two years.

  • Q : Net present value in decision making....
    Basic Statistics :

    Usfan Company is interested in purchasing a computer with uncertain life. The following table describes its expected life and resale value:

  • Q : Cumulative percentage polygon and histogram in excel....
    Basic Statistics :

    The manufacturing company as well manufactures electric insulators. If insulators break when in use, a short circuit is likely to take place. Develop a frequency distribution and percentage distribut

  • Q : Five number summary and z scores....
    Basic Statistics :

    The data holds the total fat, in grams per serving, for the sample of 20 chicken sandwiches from fast food chains. The data is as follows: Evaluate the mean median, first quartile, and third quartile

  • Q : Define hypothesis testing for one sample t-test....
    Basic Statistics :

    An auditor reviewed 25 oral surgery insurance claims from a particular surgical office, determining that the mean out-of-pocket patient billing above the reimbursed amount was $275.66 with the stand

  • Q : Population mean and standard deviation....
    Basic Statistics :

    The following is the collection of data for the population with N=10-Evaluate the population standard deviation

  • Q : Why may normality be an issue here....
    Basic Statistics :

    A sample of 20 pages was taken without replacement from the 1,591-page phone directory Ameritech Pages plus Yellow Pages. On each page, the mean area devoted to display ads was measured (a display a

  • Q : Why may this sample not be typical....
    Basic Statistics :

    Biting an un-popped kernel of popcorn hurts! As an experiment, a self-confessed connoisseur of Cheap popcorn carefully counted 773 kernels and put them in a popper. After popping, the un-popped kern

  • Q : Explain hypothesis testing for one sample mean-z test....
    Basic Statistics :

    The new director of special programs in XYZ Corporation felt the customers were waiting too long to receive and complete forms needed to enrol in special programs.

  • Q : Probability using contingency table....
    Basic Statistics :

    What is the probability that he/she: A. Thinks the tax code is unfair? B. Thinks the tax code is unfair and makes less than $50,000? C. Thinks the tax code is unfair or makes less than $50,000

  • Q : Difference between two means-unequal variance....
    Basic Statistics :

    A study was conducted on the annual incomes of corporate trainers in the state of New York in metropolitan areas having a population less than 100,000 and in metropolitan areas having a population o

  • Q : A dissimilarity in the mean allowances nationally....
    Basic Statistics :

    In a recent national survey, the mean weekly allowance for a nine-year-old child from his or her parents was reported to be $3.65.

  • Q : Use the five-step hypothesis testing process.....
    Basic Statistics :

    Metro Real Estate Association is preparing a pamphlet that they feel might be of interest to prospective homebuyers in the Middletown and Brockton areas of the city.

  • Q : Find if there is a difference between the population means....
    Basic Statistics :

    A sample of 40 observations is selected from one approximately normal population. The sample mean is 102 and the sample standard deviation is 5.

  • Q : Find independence samples t-test for unequal variance....
    Basic Statistics :

    Harriet's Shoe Emporium operates stores in enclosed shopping malls in addition to outlet malls. There are more than 1,000 stores throughout the United States and Canada. Harriet, the CEO, wishes to

  • Q : The modification reduced the number of traffic accidents....
    Basic Statistics :

    A number of minor automobile accidents occur at various high-risk intersections in Teton County despite traffic lights. The Traffic Department claims that a modification in the sort of light will re

  • Q : Conclude that the number of absences has declined....
    Basic Statistics :

    Lester Hollar is vice president for human resources for a large manufacturing company. In recent years he has noticed an increase in absenteeism that he thinks is related to general health of the e

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