A sample of 20 CEOs shows total annualcompensations ranging from a minimum of $0.1 to$65.43 million. The average for these 20 CEO is$23.629 millionNumber of CEOame20perisation inon in moneThe histogram and boxplot are shown above. Based on these data, a computer program found that a 95% confidence interval for the mean annual compensation of all CEOs is (-14.98,62.24) SMWhy should you be hesitant to trust this confidence interval?TotalChoose the correct answer belowOA. The assumptions and conditions for a t-interval are not met. The distribution is bimodal,OB. The assumptions and conditions for a 1-interval are not met. The distribution is too skewed for a sample size of only 20ⒸC. The assumptions and conditions for a tinterval are not met. The distribution has a large outlier that is pulling the mean higher.OD. The assumptions and conditions for a 1-interval are met. The confidence interval is satisfactory40 60

Sample size, n=20 Sample mean, x¯=23.629 The 95% confidence interval for the mean is -14.98,62.24.

Answered: A sample of 20 CEOs shows total annual…

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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4. At private college the achievement test is used for advanced study placement. Counselors selected a random sample of 144 students from the college and scored their tests by hand before sending them in for computer processing. For this sample, the mean was 450 and s = 29. Construct a 98% confidence interval for the mean.
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 703.8. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 36 high-income individuals and found the sample mean credit score to be 719.8 with a standard deviation of 81.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α=0.05 level of significance.
An apartment hunter is shopping for either a one-bedroom or two-bedroom apartment in varying apartment buildings. She wants to estimate the additional amount she would have to pay, on average, for a two-bedroom apartment versus a one-bedroom apartment. The table shows the prices, in dollars, for one- and two-bedroom apartments from the nine buildings she visited. A 95% confidence interval for the true mean difference between two-bedroom and one-bedroom apartments for apartment buildings like the ones in the sample was (255.93, 508.51). A friend of the apartment hunter tells her to expect to pay about $500 more per month for a two-bedroom apartment than for a one-bedroom apartment. Does the confidence interval provide evidence for the friend’s claim? A. No, the confidence interval does not contain 0, so the friend’s claim is not plausible. B. No, the confidence interval contains many more numbers below 500 than above 500, so it is unlikely that the friend’s assertion is correct. C.…
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 36 high-income individuals and found the sample mean credit score to be 714.9 with a standard deviation of 81.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H V H1: H V (Type integers or decimals. Do not round.) Identify the t-statistic. to (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. V the null hypothesis.…
Car and Driver Magazine tested a random sample of 9 hybrid cars and found their MPG to be 42, 51, 39, 44, 52, 48, 51, 44, and 47. Construct a 95% confidence interval for the population variance.
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 702.4. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 41 high-income individuals and found the sample mean credit score to be 721.3 with a standard deviation of 80.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. State the null and alternative hypotheses. Ho H H₁ H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value= (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. the null hypothesis. There…
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10. Several years ago, 51% of parents who had children in grades K-12 were satisfied with the quality of education the students receive. A recent poll asked 1,075 parents who have children in grades K-12 if they were satisfied with the quality of education the students receive. Of the 1,075 surveyed, 472 indicated that they were satisfied. Construct a 99% confidence interval to assess whether this represents evidence that parents' attitudes toward the quality of education have changed. What are the null and alternative hypotheses? Ho: p (1) versus H1: p (2) (Round to two decimal places as needed.) Use technology to find the 99% confidence interval. The lower bound is The upper bound is (Round to two decimal places as needed.) What is the correct conclusion? O A. Since the interval contains the proportion stated in the null hypothesis, there is insufficient evidence that parents' att O B. Since the interval contains the proportion stated in the null hypothesis, there is sufficient…
A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.9. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 33 high-income individuals and found the sample mean credit score to be 717.9 with a standard deviation of 83.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the g = 0.05 level of significance. State the null and alternative hypotheses. Ho: µ 704.9 H1: µ > 704.9 (Type integers or decimals. Do not round.) Identify the t-statistic, to = (Round to two decimal places as needed.)
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I chose Option 1 for this week’s discussion post. I want to estimate the population mean number of times adults between the ages of 30 and 45 went to the grocery store in the last week. I spoke with 12 adults and asked them how many times they went to the grocery store in the last week. The results were 0, 2, 2, 7, 5, 1, 0, 3, 1, 1, 4, and 3. Now calculate a 95% confidence interval for the population mean. (Round to three decimal places)

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