A study of 20 worldwide financial institutions showed the correlation between their assets and pretax profits to be 0.28. At the 0.025 significance level, can we conclude that there is positive correlation in the population?
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- Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1550 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 19 recent mileages of Citrus cars was taken. The mean of these 19 mileages was 1532 miles per month, and the standard deviation was 208 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.1 level of significance, can it be concluded that the mean recent monthly mileage, μ , of Citrus cars is less than 1550 miles per month? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as…A researcher is interested in the impact of joining a weight loss program in the past 12 months on the individuals weight loss. The analysis was restricted to people age 16 and older who answered yes to the question "During the past 12 months, have you tried to lose weight?" About 5% of the sample had joined a weight loss program in the past year. 1. The researcher has decided to use propensity score analysis. What would be the appropriate estimator for this analysis: Average treatment effect, average treatment effect on the treated or average treatment effect on the untreated? Provide a justification for your choice.Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1550 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 15 recent mileages of Citrus cars was taken. The mean of these 15 mileages was 1517 miles per month, and the standard deviation was 201 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.05 level of significance, can it be concluded that the mean recent monthly mileage, μ, of Citrus cars is less than 1550 miles per month? Perform a one-tailed test. Then complete the parts below.
- Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1500 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 11 recent mileages of Citrus cars was taken. The mean of these 11 mileages was 1332 miles per month, and the standard deviation was 232 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.05 level of significance, can it be concluded that the mean recent monthly mileage, u, of Citrus cars is less than 1500 miles per month? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary,…Recently findings have been reported from a prospective cohort study that demonstrated a significant positive association between coffee consumption and increased risk of coronary heart disease. The authors reported a 21/2 fold increased risk among those drinking 5 or more cups of coffee daily, with a 95% CI from 1.08 to 5.77. Based on these data, PH office recommended people limit their coffee drinking to 2 cups or less per day. On what basis do you agree or disagree with this recommendation?The National Center for Health Statistics (NICH) published a report entitled Health, Pakistan, containing extensive information on major trends in the health of Pakistanis. Data are provided for the Pak population as a whole and for specific ages, sexes and races. The NICH report indicated that in 2012 Pakistanis paid an average of Rs.3,302 per month on health care and prescription drugs. An investigator hypothesizes that in 2015 expenditures have increases primarily due to the availability of generic drugs. To test the hypothesis, samples of 100 Pakistanis are selected and their expenditures on health care and prescription drugs in 2015 are measured. The sample data are summarized as follows: n=100, R =Rs3,390 and s=Rs890. Is there statistical evidence of increased in expenditures on health care and prescription drugs in 2015? Is the sample mean of Rs.3,390 evidence of a true increase in the mean or is it within chance fluctuation?
- Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1550 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 13 recent mileages of Citrus cars was taken. The mean of these 13 mileages was 1425 miles per month, and the standard deviation was 209 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.10 level of significance, can it be concluded that the mean recent monthly mileage, μ, of Citrus cars is less than 1550 miles per month? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary,…At the end of 2015, 2016, and 2017, the average prices of a share of stock in a portfolio were $34.83, $34.65, and $31.26 respectively. To investigate the average share price at the end of 2018, a random sample of 30 stocks was drawn and their closing prices on the last trading day of 2018 were observed with a mean of 33.583 and a standard deviation of 19.149. Estimate the average price of a share of stock in the portfolio at the end of 2018 with a 95% confidence interval. Compare and Briefly discussCitrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1600 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 16 recent mileages of Citrus cars was taken. The mean of these 16 mileages was 1517 miles per month, and the standard deviation was 233 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.05 level of significance, can it be concluded that the mean recent monthly mileage, μ, of Citrus cars is less than 1600 miles per month? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary,…
- Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that u, the mean one-year total percentage return achieved by all the funds, is 9.80 and that o, the standard deviation, is 0.50. Complete (a) through (c). a. According to the empirical rule, what percentage of these funds is expected to be within +2 standard deviations of the mean? 95 % b. According to the Chebyshev rule, what percentage of these funds are expected to be within +2 standard deviations of the mean? 75 % (Round to two decimal places as needed.) c. According to the Chebyshev rule, at least 88.89% of these funds are expected to have one-year total returns between what two amounts? Between and (Round to two decimal places as needed.)Please show your work, -)Suppose that the duration of a particular type of criminal trial is known to be normally distributed with a mean of 24 days and a standard deviation of 6 days. 80% of all trials of this type are completed within how many days?