Solved: P-value in conclusion, Do we have reason to believe that fewer than 1/5 are heated by oil, Finance Basics

+44 141 628 6080
[email protected]

P-value in conclusion

A fuel oil company claims that one-fifth of the homes in a certain city are heated by oil. Do we have reason to believe that fewer than 1/5 are heated by oil if, in a random sample of 1000 homes in this city, it is found that 136 are heated by oil? Use a P-value in your conclusion.

Solution Preview :

Prepared by a verified Expert

Finance Basics: P-value in conclusion

Reference No:- TGS0681850

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Which statements cannot be accurate description of scores

A teacher gave a reading test to a class of 5th grade students and computed the mean, median and mode for the test scores. Which of the following statements cannot be an accurate description of the scores?

Q : Test scores normal distribution

Question: An instructor graded a large number of midterm exams and she considers that the test scores are normally distributed with a mean of 70 and a standard deviation of 10.

Q : Automobile manufacturing company

A large automobile manufacturing company is trying to decide whether to purchase brand A or brand B tires for its new models. To help arrive at a decision, an experiment is conducted using 12 of each brand. The tires are run until they wear out. T

Q : Problem on exponential distribution with a mean service

Response time at an online site can be modeled with an exponential distribution with a mean service of 5 minutes. John knows this and it is not sure to wait for an answer. What is the probability that for the reply to John's request.

Q : P-value in conclusion

Do we have reason to believe that fewer than 1/5 are heated by oil if, in a random sample of 1000 homes in this city, it is found that 136 are heated by oil? Use a P-value in your conclusion.

Q : Mean and standard deviation of james w portfolio

The price of Amazon is also normally distributed with a mean of 40 and a variance of 119. James finds out that these stocks are negatively correlated, with δ = -0.4. (a) Find the mean and standard deviation of James W.'s portfolio.

Q : Concentration of pcb

Studies show that the concentration of PCBs is much higher in malignant breast tissue than in normal breast tissue. If a study of 50 women with breast cancer reveals an average PCB concentration of 22.8 x 10-4 gram,

Q : Calculating the probabilities

Use the computer to calculate the following probabilities:

Q : Distribution of sodium contents

If a random sample of 20 similar servings of certain cereal has a mean sodium content of 244 milligrams and a standard deviation of 24.5 milligrams, does this suggest at the 0.05 level of significance that the average sodium content for a single s

1932253

Questions
Asked

3,689

Active Tutors

1453147

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: P-value in conclusion

Reference No:- TGS0681850

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Which statements cannot be accurate description of scores

Q : Test scores normal distribution

Q : Automobile manufacturing company

Q : Problem on exponential distribution with a mean service

Q : P-value in conclusion

Q : Mean and standard deviation of james w portfolio

Q : Concentration of pcb

Q : Calculating the probabilities

Q : Distribution of sodium contents

Social determinants of health encompass the conditions

Which neurologic clinical manifestations are consistent

Discussion about worries that the child has forgotten them

Checking individual alarm signals for accurate settings

Discuss child with attention-deficit/hyperactivity disorder

How tbi can affect a students school performance

What when male client with ascites is to have paracentesis

Solution Preview :

Prepared by a verified Expert

Finance Basics: P-value in conclusion

Reference No:- TGS0681850

Recent Questions Asked Finance Basics

Q : Which statements cannot be accurate description of scores

Q : Test scores normal distribution

Q : Automobile manufacturing company

Q : Problem on exponential distribution with a mean service

Q : P-value in conclusion

Q : Mean and standard deviation of james w portfolio

Q : Concentration of pcb

Q : Calculating the probabilities

Q : Distribution of sodium contents

Asked Questions