A real estate company is interested in testing whether the mean time that families in Gotham have been living in their current homes is less than families inMetropolis. Assume that the two population variances are equal. A random sample of 100 families from Gotham and a random sample of 150 families inMetropolis yield the following data on length of residence in current homesGotham: XG= 35 months,SG = 900Metropolis:XM = 50 months, SM? = 1050Which of the following represents the relevant hypotheses tested by the real estate company?O a. Ho: HG - HMSOVS H1: HG - HM>0O b.Ho:XG -XM20 vs Hz: X6 -Xm<0O c. Ho: HG - HM 20vs H1: HG - HM<0O d. Ho: HG - HM =0 vs H1: HG - HM#0O e. None of the above

Answered: A real estate company is interested in…

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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Tire pressure (psi) and mileage (mpg) were recorded for a random sample of seven cars of thesame make and model. The extended data table (left) and fit model report (right) are based on aquadratic model. Calculate R2. Describe what this value means in the context of the problem.
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Each year, marketing and information firm J.D. Power and Associates surveys new car owners 90 days after they have purchased their cars. The data collected are used to rate auto brands (Toyota, Ford, and others) on initial quality and initial customer satisfaction. USA Today reported both the number of manufacturing defects per 100 vehicles and a satisfaction score for all 33 brands sold in the United States.+ A research group decides to compare the mean number of defects for 2 specific models of cars, A and B, made this year by taking random samples of 100 cars of each model. USE SALT (a) After collecting the data, the research group calculates a 95% confidence interval to estimate the difference in population means. In this case, what is the population? O the defects O all cars made this year all cars for models A and B that were produced this year O the 100 cars from each model (b) Suppose the calculated confidence interval is (100, 104) number of defects. What is the value of the…
Actuaries use various parameters when evaluating the cost of a life insurance policy. The variance of the life spans of a population is one of the parameters used for the evaluation. Each year, the actuaries at a particular insurance company randomly sample 30 people who died during the year (with the samples chosen independently from year to year) to see whether the variance of life spans has changed. The life span data from this year and from last year are summarized below. Current Last Year Year x1 = 75.8 | x,= 76.2 si= 47.61 s3= = 92.16 (The first row gives the sample means and the second row gives the sample variances.) Assume that life spans are approximately normally distributed for each of the populations of people who died this year and people who died last year. Can we conclude, at the 0.05 significance level, that the variance of the life span for the current year, of, differs from the variance of the life span for last year, o,? Perform a two-tailed test. Then complete the…
Part 1. .If b = 0.523, then for every 1 unit increase in the independent variable, there is a 0.523 unit increase in the dependent variable. True or false? 2. .If b = .704, then 70.4% of the variance in the dependent variable can be explained by the variance in the independent variable. In contrast, 29.6% of the variance in the dependent variable can be explained by outside factors. True or false? 3. .If r = 0.444, then for every 1 unit increase in the independent variable, there is a 0.444 unit increase in the dependent variable. True or false?

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