A national business magazine reports that the mean age of retirement for women executives is 64.9. A women's rights organization believes that this value does notaccurately depict the current trend in retirement. To test this, the group polled a simple random sample of 96 recently retired women executives and found that they hada mean age of retirement of 63.9. Assuming the population standard deviation is 4.4 years, is there sufficient evidence to support the organization's belief at the 0.01level of significance?Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below.Ho :H = 64.964.91: "HAnswer国 Tables国 KeypadKeyboard Shortcuts< >士く2=O <

Givensample size(n)=96Mean(x)=63.9population standard deviation(σ)=4.4α=0.01claim is A womens rights…

Answered: A national business magazine reports…

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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The National Coalition on Healthcare suggests that the mean annual premium that a health insurer charges an employer for a health plan covering a family of four averaged $13,000 in 2009. A sample of 30 families of four yields a mean annual premium paid by their employer to be $13,500 with a sample standard deviation of $300. We are interested in whether the mean annual premium that a health insurer charges an employer for a health plan covering a family of four is different from $13,000 using a significance level of 0.10. Select one: a. tdata = 9.129, do not reject Ho. b. tdata = 9.129, reject Ho. c. tdata = -9.129, do not reject Ho. O d. tdata = 4.156, reject Ho.
Is it worth pursuing a doctoral degree in education if you already have an undergraduate degree? One way to help make this decision is to look at the mean incomes of these two groups. Suppose that 15 people with bachelor’s degrees in education were surveyed. Their mean annual salary was $⁢31,500 with a standard deviation of $⁢7900. Seventeen people with doctoral degrees in education were found to have a mean annual salary of $⁢47,500 with a standard deviation of $⁢6900. Assume that the population variances are not the same. Construct a 99% confidence interval to estimate the true difference between the mean salaries for people with doctoral degrees and undergraduate degrees in education. Let Population 1 be the salaries for people with doctoral degrees and Population 2 be the salaries for people with undergraduate degrees. Round the endpoints of the interval to the nearest whole number, if necessary.
An article by Erin El Issa titled "2015 American household credit card debt study" (www.nerdwallet.com) indicated that for households that had credit card debt, the average debt in 2015 was $15,355. Assume that credit card debt per household has a normal distribution with a standard deviation of $3,000. (A) Determine the percentage of households that have a credit card debt of more than $15,000. Answer: The percentage is % (use 2 decimal places) (B) One household has a credit card debt that is at the 95th percentile. Determine its credit card debt. Answer: The credit card debit is $ Espacio en Blanco 1: Espacio en Blanco 2: Ku
A report about how American college students manage their finances includes data from a survey of college students. Each person in a representative sample of 793 college students was asked if they had one or more credit cards and if so, whether they paid their balance in full each month. There were 500 who paid in full each month. For this sample of 500 students, the sample mean credit card balance was reported to be $825. The sample standard deviation of the credit card balances for these 500 students was not reported, but for purposes of this exercise, suppose that it was $205. Is there convincing evidence that college students who pay their credit card balance in full each month have a mean balance that is lower than $907, the value reported for all college students with credit cards? Carry out a hypothesis test using a significance level of 0.01. State the appropriate null and alternative hypotheses. H0: ? = 907 Ha: ? < 907 H0: ? = 907 Ha: ? > 907 H0: ? < 907…
CNN/Money reports that the mean cost of a speeding ticket, including court fees, was $150.00 in 2002. A local police department claims that this amount has increased. To test their claim, they collect data from a simple random sample of 150 drivers who have been fined for speeding in the last year, and find that they paid a mean of $154.00 per ticket. Assuming that the population standard deviation is $17.54, is there sufficient evidence to support the police department’s claim at the a = 0.05 significance level?
A public health survey was carried out to estimate the total number of alcohol bottles consumed by the population of adults in a week at Kiwanja neighbourhood. The mean was found to be 16 bottles with a standard deviation of 4 bottles. The health authorities’ guidelines advise that it is healthy for people to consume fewer than 12 bottles a week. What proportion of the population did so? It is desirable to consume between 12 and 18 bottles of alcohol a week. What proportion of people was within this range? It is known that it is dangerous to consume more than 25 bottles a week. How many adults out of a sample of 200 over consumed alcohol?
1) According to Consumer Expenditures, the average consumer spent $1729 on apparel and services in 2017. In 2018, a random sample of 36 consumers had a mean of $1667.11 and a standard deviation of $351.69. Can it be said that at the 5% level of significance that the mean level of consumption differed in 2018 with respect to 2017?
The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 38 recent CFAs with a mean salary of $138,000 and a standard deviation of $34,000. A sample of 80 MBAs results in a mean salary of $130,000 with a standard deviation of $46,000.a) Specify the hypotheses to test whether a CFA designation is more lucrative than an MBA.b) Calculate the value of the test statistic and the p-value. Do not assume that the population variances are equal.c) At the 5% significance level, is a CFA designation more lucrative than an MBA?
The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if a CFA designation is a more lucrative option than an MBA. He collects data on 36 recent CFAS with a mean salary of $145,000 and a standard deviation of $36,000. A sample of 47 MBAS results in a mean salary of $135,000 with a standard deviation of $24,000. Assume that H, is the population mean for individuals with a CFA designation and u, is the population mean of individuals with MBAS. (You may find it useful to reference the appropriate table: z table or t table) a. Set up the hypotheses to test if a CFA designation is more lucrative than an MBA at the 10% significance level. O Họ: 41- H2 = 0; HA: H1 - H2# 0 O Ho: 1-4220; HA H1 - 4200 b-1. Calculate the value of the test statistic. Do not assume that the population variances are…
It is believed that nearsightedness affects 14% of children in a certain region. A school district tests the vision of 180 incoming kindergarten children. How many would be expected to be nearsighted? What is the standard deviation for the number of nearsighted children in such a group? You may assume that the children are independent of each other. The mean is? and the standard deviation is?
10
In a sample of 351 gamers between the ages of 16-25, the mean number of hours spent gaming per week was 42.5 hours. In a sample of 269 gamers between the ages of 26-40, the mean number of hours spent gaming per week was 43.8 hours. If the population standard deviation for the mean number of hours spent gaming per week is 9.5 for the age group 16-25 and 10.7 for the age group 26-40, test the claim that gamers between the ages of 16-25 spend less time gaming per week than gamers between the ages of 26-40. Assume α=0.03. Let population 1 be gamers in the age group 16-25 and population 2 be gamers in the age group 26-40. Round the test statistic to two decimal places, and round the p-value to four decimal places. The test statistic is . The p-value is . Should the null hypothesis be rejected?

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