7. You want to test whether there is a statistically significant difference in the stock marketforecasts of economists versus stockbrokers. A random sample of 36 economists and 25stockbrokers were asked to report their forecast for the Dow Jones Industrial average for oneyear from today.ForecastersNumberAverage ForecastSEconomists3611200750Stockbrokers2510700375a. Is there a statistically significant difference between the forecasts of the economists and thestockbrokers or can the reported difference be attributed to sampling error? Perform a hypothesistest to answer this question and use a 5% significance level. Be sure to include all 4 steps of thehypothesis testing process and to interpret your result.b. Use these data to compute a 95% confidence interval for the difference in the population averageforecasts for economists versus stockbrokers. Can you rule out the hypothesis that the stockmarket forecasts of stockbrokers and economists have the same mean by looking at this interval?

Answered: Image /qna-images/answer/7bf0bc92-1276-41e6-881d-e5bbb0011489.jpg

Answered: 7. You want to test whether there is a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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5.
Toward the middle of the harvesting season, peaches for canning come in three types, early, late, and extra late, depending on the expected date of ripening. During a certain week, the data to the right were recorded at a fruit delivery station. Complete parts (a) through (d) below. 18 trucks (Type a whole number.) (b) How many carried only extra late? 17 trucks (Type a whole number.) (c) How many carried only one type of peach? 28 trucks went out carrying early peaches; 60 carried late peaches; (a) How many trucks carried only late variety peaches? trucks (Type a whole number.) 46 carried extra late peaches; 19 carried early and late; 25 carried late and extra late; 6 carried early and extra late; 2 carried all three; 5 carried only figs (no peaches at all).
4.
The price of a share of stock divided by the company's estimated future earnings per share is called the P/E ratio. High P/E ratios usually indicate "growth" stocks, or maybe stocks that are simply overpriced. Low P/E ratios indicate "value" stocks or bargain stocks. A random sample of 51 of the largest companies in the United States gave the following P/E ratios†. 11 35 19 13 15 21 40 18 60 72 9 20 29 53 16 26 21 14 21 27 10 12 47 14 33 14 18 17 20 19 13 25 23 27 5 16 8 49 44 20 27 8 19 12 31 67 51 26 19 18 32 (a) Use a calculator with mean and sample standard deviation keys to find the sample mean x and sample standard deviation s. (Round your answers to four decimal places.) x = s = (b) Find a 90% confidence interval for the P/E population mean ? of all large U.S. companies. (Round your answers to one decimal place.) lower limit upper limit (c) Find a 99% confidence interval for the P/E population mean ? of all large U.S.…
1:03 Done Knowledge Check Observed frequency fo Expected frequency SE (fo-ƒE)² JE expected frequencies to two or more decimal places. REspañol yo responses to three or more decimal places. Send data to Excel www-awu.aleks.com AA Monday Tuesday Wednesday Thursday 29 18 0 28.00 3.571 34 28.00 1.286 Type of test statistic: (Choose one) ▼ Z (b) Find the value of the t more decimal places.) □ all 100 28 28.00 (a) Determine the type of test statistic to use. Chi-square Friday Total 31 0 0.000 0 Evelyn V Ć 140 Part 2 Answer the following to summarize the test of the hypothesis employee absences at this firm are equally likely on each of th weekdays. Use the 0.05 level of significance for the test. E (Round your answer to two or
An issue of Time Style and Design reported on a poll conducted on the shopping habits of wealthy Americans. A total of 603 interviews were conducted among a national sample of adults with household incomes of at least $150,000. Of the adults interviewed, 410 said they had purchased clothing, accessories or books online in the past year. We want to understand the percentage of wealthy Americans who shop online. Do the data provide sufficient evidence to say that the majority (more than 50%) of wealthy Americans shop online at the 5% significance level? a. What are n, x, n-x and ??̂? b. State the null and alternative hypotheses. c. What is the value for the test statistic z0? d. Find the p-value. e. Do the data support that (more than 50%) of wealthy Americans shop online?
24. On-Time Arrivals. The Air Travel Consumer Report is a monthly product of the Department of Transportation's Office of Avi- ation Enforcement and Proceedings. The report is designed to assist consumers with information on the quality of services provided by the airlines. Following are the percentages of on-time arrivals for June 2013 by the 16 reporting airlines. 93.1 87.5 77.9 77.3 76.1 73.8 73.0 72.5 71.1 70.6 69.8 69.6 69.0 66.0 65.9 61.8 a. Identify the classes for grouping these data, using cutpoint group- ing with classes of equal width 5 and a first lower class cutpoint of 60. b. Identify the class midpoints of the classes found in part (a). c. Construct frequency and relative-frequency distributions of the data based on your classes from part (a). d. Draw a frequency histogram of the data based on your classes from part (a). e. Round each observation to the nearest whole number, and then construct a stem-and-leaf diagram with two lines per stem. f. Obtain the greatest…
40 30 20 10 0 00 : 00000 -1.00 00000 -0.75 3. A statistics student seeking part-time employment as a New York City cab driver is trying to decide between driving a yellow cab or a green cab and examines tip amounts to help in making the decision. Using data from the New York City Taxi & Limousine Commission (http:// www.nyc.gov/html/tlc/html/about/trip_record_data.shtml), the stu- dent examines tip amounts from 25 randomly selected green cab fares and tip amounts from 25 randomly selected yellow cab fares. Graphs and summary statistics of the sample data from green cabs (G) and yellow cabs (Y) are shown. Green Cab ooooooooo000 Yellow Cab oooooooooooo 우1 -0.50 88.8. COCO 2 - 3 -0.25 4 5 Amount of Trip 0.go null = 0 Source: http://www.nyc.gov/html/tlc/html/about/trip_record_data.shtml Because each sample includes outliers, a two-sample t-test for H₁ a difference in means is not appropriate to test the hypotheses: Ho: MG My = 0, Ha:MG My # 0. The student simulates a distri- µy bution of…
A friend of yours tells you that they heard that 65% of all college athletes end up losing a finger or toe in their college athletic career. You're highly skeptical of this, but your not sure if that percentage is an over exageration or an under exageration. You survey 101 former student-athletes and find that 60 of them lost a digit during their college athletic career. Is this enough evidence to conclude that the true percentage of student-athletes that lose a digit during their collegiate career is really different from 65%?
24. A sports medicine major wanted to conduct an experiment to determine if there is a correlation between the members of the soccer team's leg strength and the time it takes for them to sprint 40 yards. He sets up the following test and records the data: Every day for a week, he counts how mnany times each player can leg press 350 pounds. The following week, he has each player sprint 40 yards every day. The table shows the average number of leg-press repetitions and the average 40-yard dash time (in seconds) for seven randomly selected players. What is the equation of the line of best fir? How many seconds should he expect a player to take to run -0 yards if that player can do 22 leg-press repetitions Round any values to the nearest tenth, if necessary Leg Press (reps) 32 7 11 23 28 15 12 40-vard Dash (s) S.6 14.6 7.1 S.3 11 9 13 4 9.5 53°F a
4. A college student is contemplating a possible career option. One factor that will influence his decision is the amount of money he is likely to make. He decides to look up the average salary of graduates in that profession. Which information would be more useful to him, the mean salary or the median salary? Why?
24. According to the Centers for Disease Control and Prevention (CDC), 26% of Americans are "anti-vax". To verify this, 1,000 Americans were asked and 324 of them said they are "anti-vax". What is the population, sample, statistic, paramter, variable, and constants?

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