**7.33 RIDE SHARE PROFITS**Stanford University researchers published an MIT working paper titled “The Economics of Ride Hailing: Driver Revenue, Expenses, and Taxes” (February 2020). One of the objectives of the study was to determine whether ride-share drivers at Uber and Lyft actually make a profit. Data collected from a sample of 1,121 ride-share drivers yielded a mean monthly profit $ \bar{x} = \$661 $ with standard deviation $ s = \$583 $. An Uber executive reports that $ \mu $, the true mean monthly profit of all its ride-share drivers, is \$1,000. You want to test the executive’s figure using $ \alpha = .10 $.a. Set up the null and alternative hypotheses for the test. Assume that you believe the true mean monthly profit is less than \$1,000.b. Find the rejection region for the test.c. Compute the test statistic.d. Use statistical software to find the p-value for the test.e. What is your conclusion? Show that the conclusion is the same whether you use the rejection region or p-value.

Since you have posted a question with multiple sub-parts, we will solve first three sub- parts for…

Answered: 7.33 RIDE SHARE PROFITS. Stanford…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

A veterinarian wants to perform a study at a local animal shelter where 200 dogs need training on behavior modification. The purpose of the study would be to determine if using a firm voice during training for 10 minutes improves a dog's learning behavior compared to not speaking during training for 10 minutes. Part A: Describe an appropriate design for the study. Part B: The hypotheses for this study are as follows: Ho: There is no difference in the mean improvement of dogs during behavior modification for either treatment. Ha: The mean improvement of dogs during behavior modification is greater for the firm voice treatment. The shelters will allow trainers to use a firm voice during training if the null hypothesis is rejected. What are the possible Type I and II errors? Describe the consequences of each in the context of this study and discuss which type you think is more serious.n
Dental health issues remain a barrier to attendance, as evidenced by a 2010 Los Angeles School Attendance Review Board (SARB), which lists dental health, along with homelessness, in the top barriers to attendance. The Dental Hygiene program at West Los Angeles College collects data on its clinic patients to help instructors and students better understand their patient population. From July 2017 to December 2019 the program treated 3421 patients. Students were asked to analyze a random sample of 127 patients from that time period and found that 36.4% had severe periodontal disease (infections and inflammation of the gums and bone that surround and support the teeth). Identify the population: Identify the sample: Identify the parameter of interest: Identify the statistic:
Give a brief example of both a theoretical distribution of data.
A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 (a) Develop the estimated regression equation that could be used to predict the annual maintenance expense (in hundreds of dollars) given the weekly usage (in hours). (Round your numerical values to two decimal places.)
7.21 Facial structure of CEOS. In Psychological Science (Vol. 22, 2011), researchers reported that a chief executive officer's facial structure can be used to predict a firm's financial performance. The study involved measuring the facial width-to-height ratio (WHR) for each in a sample of 55 CEOS at publicly traded Fortune 500 firms. These WHR values (determined by computer analyzing a photo of the CEO's face) had a mean ofY = 1.96 and a standard deviation of s = .15. a. Find and interpret a 95% confidence interval for µ, the mean facial WHR for all CEOS at publicly traded Fortune 500 firms b. The researchers found that CEOS with wider faces (relative to height) tended to be associated with firms that had greater financial performance. They based their inference on an equation that uses facial WHR to pre- dict financial performance. Suppose an analyst wants to predict the financial performance of a Fortune 500 firm based on the value of the true mean facial WHR of CEOS The analyst…
Because statistical software plays such an important role in modern statistical applications, many studies have encouraged the use of technology in statistics courses. The Guidelines for the Assessment and Instruction in Statistics Education (GAISE) (Aliaga et al., 2005) project was funded by the American Statistical Association to examine needs for college level statistics courses. One of the six recommendations from GAISE is the use of technology for developing conceptual understanding and analyzing data. A survey was sent to students at 100 different universities across the United States to access the relationship between ease of learning the statistical software program SAS and a student's currently level of SAS proficiency. The results of the survey are published in Jackson et al., 2011, in the International Mathematical Forum journal and are shown below. Table 1.Two-way table for ease of learning SAS and SAS proficiency level. Proficiency Not Somewhat Total Very proficient…
A hospital has a main campus and three satellite locations. Management wants to reduce waiting time for ER cases. A random sample of 11 ER cases at each location was selected, and the waiting time was measured. (The table of data at the very end may be copied and pasted directly into Excel.) Complete parts (a) through (d) to determine if there is statistical evidence of a difference in the mean waiting times betweeen the four locations. Part 1 a. State the two hypotheses. Choose the correct answer below. A.H0:μ1=μ2=•••=μ4H1:Not allμjare equal (where j=1,2,...,4) B.H0:μ1=μ2=•••=μ4H1:μ1≠μ2≠•••≠μ4 C.H0:μ1=μ2=•••=μ11H1:μ1≠μ2≠•••≠μ11 D.H0:μ1=μ2=•••=μ11H1:Not allμjare equal (wherej=1,2,...,11) b. At the 0.05 level of significance, state the test statistic. (Round to two decimal places to the right of the decimal point as needed.) A.FSTAT = 0.005, from the first row of the ANOVA table B.FSTAT = 4.91, from the first row of the ANOVA table…
A statistical program is recommended. Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage(hours) AnnualMaintenanceExpense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 #1) Develop the estimated regression equation that could be used to predict the annual maintenance expense (in hundreds of dollars) given the weekly usage (in hours). (Round your numerical values to two decimal places.) #2) The expected expense of a machine being used 34 hours per week is $ hundred.
Subject; ste
The article “Well-Fed Crickets Bowl Maidens Over” (Nature Science Update, February 11, 1999) reported that female field crickets are attracted to males with high chirp rates and hypothesized that chirp rate is related to nutritional status. The usual chirp rate for male field crickets was reported to vary around a mean of 60 chirps per second. To investigate whether the chirp rate was related to nutritional status, investigators fed 22 male crickets a high protein diet for 8 days, after which chirp rate was measured. Let: The parameter μμ be the mean chirp rateof male crickets on a high protein diet for 8 days. Given: The mean chirp rate for the random sample of crickets on the high protein diet was reported to be 65.32 chirps per second with a standard deviation of 12. Research Question: Is there convincing evidence that the mean chirp rate for crickets on a high protein diet implies an advantage in attracting the ladies? It is known that the researchers did not want to…
Estimating income tax based on dividends is also not straightforward, due in part to Australia’s franking credit scheme. Mike is looking to simplify total annual tax projections for a share portfolio based simply on the share portfolio's current value. To do this, he wishes to determine if there is any statistically significant linear relationship between the two. Mike has randomly sampled 30 individuals with share portfolios over AUD$100,000 and mapped the assessed value of the portfolio (in AUD $1000) to the total taxes paid on that amount (in AUD$1). Mike's data is in the table below. Assessed Value Taxes 426.1 5014 368.8 3698 309.8 3691 373.9 5189 445.7 4455 505.1 5189 342.3 3416 343.6 3931 432.3 4393 329.2 3267 291.2 2871 399.3 4013 392.7 4728 482.2 4885 480.6 4888 390.8 3917 371.6 3738 311.9 3098 343.7 3633 304.7 3538 274.6 3427 457.1 4633 231.5 4009 450.5 4565 510.1 5946 308.4 3045 348.8 3504 410.4 3375…

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS