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Name: A magazine conducted a survey on whether dollar coins or quarters woul
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Description: A magazine conducted a survey on whether dollar coins or quarters would be left on a busy sidewalk the longest. Theyrecorded the amount of time each coin was left on the sidewalk before being picked up. According to their results the dollar coins rem

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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A magazine conducted a survey on whether dollar coins or quarters would be left on a busy sidewalk the longest. Theyrecorded the amount of time each coin was left on the sidewalk before being picked up. According to their results the dollar coins remained a mean time of 390 seconds while the mean length of time that the quarters stayed on the sidewalk was 5.75 minutes. Assume that these means are based on samples of fifty 1-dollar coins and forty-five quarters and that the two-samplestandard deviations are 105 seconds and 72 seconds,respectively. Find a 99% confidence interval for the difference between the corresponding means.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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