2. The SAT scores for 12 randomly selected senior high school students are:122113421298987786 1439671 1299 1020 1380889 1157a.) sample mean =b.) s²=c.) s =d.) Are the SAT scores normally distributed (Explain Why)? YES or NOe.) Construct and interpret a 95% confidence interval for the mean SAT score.

Step 1:a. Sample mean:To calculate the sample mean, we add up all the scores and divide by the…

Answered: 2. The SAT scores for 12 randomly…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A publisher reports that 50%50% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 240240 found that 45%45% of the readers owned a particular make of car. Determine the P-value of the test statistic. Round your answer to four decimal places.
PLEASE ANSWER CORRECTLY FULLY MAKE SURE THE ANSWER IS 100% RIGHT NO MISTAKES PLEASE
10. Student A in our class ECON 2210 tried to estimate the average marks of the midterm held in March, 2022. Based on a random sample of 30 students' marks and with a 95% confidence level, the student arrived at an interval estimate for the average marks of between 50 and 80. (a) After receiving this result, student B in the same class claimed that there was a 95% chance that the true average marks of the midterm were between 50 and 80. How would you respond to this statement? Is it correct? Why or why not? (b) Student C in the same class did not agree with student B and he claimed that there was a 95% chance that the true average marks of the next midterm were between 50 and 80. How would you respond to this statement? Is it correct? Why or why not?
Population Sample 35 30 24 32 32 28 35 31 34 20 24 24 26 29 32 35 32 37 35 Using sample data determine the Sample Mean?
Sixteen smokers whose ages were between 50 and 65 years were randomly selected. Blood samples were taken from them. Their cholesterol levels were determined and are presented below. 181 287 240 256 257 179 209 296 211 231 171 248 189 212 189 187 Compute the following: Sample mean Sample variance Sample standard deviation
OA large city hospital conducted a study to investigate the relationship between the number of unauthorized days that employees are absent per year and the distance (miles) between home and work for the employees. A sample of 10 employees was selected and the following data were collected. D Excel file: data14-13.xlsx Distance to Work Number of Days (miles) Absent 8. 8. 9. 8 6. 10 12 14 14 4 18 If required, enter negative values as negative numbers. a. Select the correct scatter diagram for these data. A. Number of Days Absent 10+ 8+ . 6- 2+ 8. 10 12 14 16 18 20 Distance to Work (miles) 4.
7. A television station wishes to study the relationship between viewership of its 11 p.m. news program and viewer age (18 years or less, 19 to 35, 36 to 54, 55 or older). A sample of 250 television viewers in each age group is randomly selected, and the number who watch the station’s 11 p.m. news is found for each sample. The results are given in the table below.
11 The sample data provides that ______ fraction of variations in the life insurance policy is explained by income. a 0.8120 b 0.8548 c 0.8998 d 0.9471
Pop. Mean Stand. Dev. Sample size 1 73.00 10.00 6.00 14 2 62.50 8 1.Independent random samples are selected from two populations. Below are selected summary statistics. (a) Construct the 95% confidence interval for μx-µY. (b) Obtain the P-value for the alternative µx =µY.
the unemployment rate for 18- to 34-year-olds was reported to be 10.8% (the Cincinnati Enquirer, november 6, 2012). assume that this report was based on a random sample of four hundred 18- to 34-year-olds. a. a political campaign manager wants to know if the sample results can be used to conclude that the unemployment rate for 18- to 34-years-olds is significantly higher than the unemployment rate for all adults. according to the bureau of labor Statistics, the unemployment rate for all adults was 7.9%. develop a hypothesis test that can be used to see if the conclusion that the unemployment rate is higher for 18- to 34-year-olds can be supported.b. use the sample data collected for the 18- to 34-year-olds to compute the p-value for the hypothesis test in part (a). using a 5 .05, what is your conclusion?c. explain to the campaign manager what can be said about the observed level of significance for the hypothesis testing results using the p-value
Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 3 of 5: What is the mode of the data?
In studying his campaign plans, Mr. Singleton wishes to estimate the difference between men's and women's views regarding his appeal as a candidate. He asks his campaign manager to take two random independent samples and find the 80%80% confidence interval for the difference. A random sample of 508508 male voters and 605605 female voters was taken. 108108 men and 193193 women favored Mr. Singleton as a candidate. Find this confidence interval. Step 1 of 4 : Find the values of the two sample proportions, pˆ1�^1 and pˆ2�^2. Round your answers to three decimal places.

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