A company that manufactures SIM cards for cell phones, estimates that 30% of all SIM cards are defective before being used. In a recent shipment of SIM cards to Bell Mobility, determine the expected number of “good” SIM cards that will be sold before the first defective one is sold.
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A company that manufactures SIM cards for cell phones, estimates that 30% of all SIM cards are defective before being used. In a recent shipment of SIM cards to Bell Mobility, determine the expected number of “good” SIM cards that will be sold before the first defective one is sold.
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- A certain county had a population of 34,485 people. The county hospital is interested in estimating the number of people in the county with blood type-O. To do this, they test blood samples from 228 patients. Out of this group, 10 have blood type-O. Use this sample to estimate the number of people in the county with blood type-O.It’s assumed that students need to stay awake more to study during finals week. One way to measure this is how much coffee is consumed during Finals week at night. A local coffee house near APU counted the number of cups of coffee sold per hour during Finals week after 6 p.m. We randomly select ten (10) hours of sales records during Finals week and find out that the following number of cups of coffee were consumed: 18, 17, 22, 14, 17, 20, 22, 24, 15, 15 By comparison, the sales records from a previous week were used as a comparison. The following number of cups of coffee were consumed over a seven (7) hour period: 9, 13, 5, 15, 17, 10, 11 a. Determine what is the appropriate statistical procedure, with a brief explanation (one sentence) as to why this is the appropriate procedure. b. State the null hypothesis. c. Execute the proper calculations with the appropriate procedures. d. Present a graph when appropriate of your results. e. Include any appropriate post-hoc tests. f. State…Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 71 stocks traded on the NYSE that day showed that 24 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of a = 0.01. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to... reject the null accept the null fail to…
- Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 64 stocks traded on the NYSE that day showed that 24 went up.You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of α=0.01α=0.01.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null fail to…The website Data USA stated that in 2016, Texas had the lowest number of adults with a serious mental illness with an average of M=3.26% of the population affected. The state of Texas wants to test if they have a significantly decreased number of mental illness patients compared with the states with the (n=8) highest level of mental illness found. In 2016 the following states had the highest level of adult patients with mental illness: Arkansas= 5.45%, Montana=5.34%, Vermont=5.32%, Oregon=5.19%, Utah=5.2%, Ohio=5.13, Kentucky=5.25% West Virginia=5.18%. The alpha level for the study was set to α=.05 for the criteria. a. State the hypotheses of the study. b. Find the critical t value for this study c. Compute the one-sample t test. (Again calculate sample SD or s - and get SEM before calculating t.) d. Compute the Cohen's d for the data (even if not significant) e. State the results - is the sample significantly higher? Do you reject the null hypothesis? Report the t test results in APA…Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 72 stocks traded on the NYSE that day showed that 12 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a = 0.005. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null O accept the null O…
- Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA increased in price.On the basis of this fact, a financial analyst claims we can assume that 76% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 61 stocks traded on the NYSE that day showed that 43 went up. You are conducting a study to see if the proportion of stocks that went up is significantlysmaller than 76%. You use a significance level of α=0.01α=0.01. For this study, we should use Select an answer 2-SampTInt 2-PropZInt 1-PropZInt T-Test χ²GOF-Test 2-SampTTest 2-PropZTest TInterval ANOVA 1-PropZTest χ²-Test The null and alternative hypotheses would be: H0H0: ? p μ Select an answer > = < ≠ (please enter a decimal) H1H1: ? p μ Select an answer ≠ = > < (Please enter a decimal) The test statistic =…Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 67 stocks traded on the NYSE that day showed that 10 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level of a = 0.005. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... | less than (or equal to) a greater than a This test statistic leads to a decision to... O reject the null |accept the null O…After post-graduate study, Mike found a job as HR analyst in London. Thecompany is currently recruiting Chief Marketing Officer. The HR departmentrecently sent out a knowledge test to the applicants after the initial CVscreening. At this stage of selection, the company does not invite the lowestscoring 30% (the opposite is the highest 70%.) back for the next face-to-faceinterview. According to the historical data, the test scores on this test arenormally distributed and has a mean of 70 with standard deviation of 10. a.What mark (to the nearest whole number) must a candidate achieve inorder to secure an interview? Show your workings.b. Explain the characteristics of standard normal distribution and normaldistribution, respectively.
- To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with larg given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income Itemized Deductions ($1,000s) 22 ($1,000) 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 120 15.7 25.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 25 20 15 10 5 30 25 20 15 10 5+ 30 25- 20- 15- 10- .. 5- 0 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 0 20 40 60 80 100 120 140 0 Adjusted Gross Income ($1,000s) 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 30 25 20 15 10 5- 0 20 40 60 80 100 Adjusted Gross Income ($1,000s) 120 140 G (b) Use the least squares method to…Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 72 stocks traded on the NYSE that day showed that 12 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a = 0.005. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null O accept the null O…Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 61 stocks traded on the NYSE that day showed that 30 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of α=0.001α=0.001.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null…