An oil company is considering two sites on which to drill. The sites are described in the following table. Complete parts (a) through (b) below. Site A: Profit if oil is found: $120 million Loss if no oil is found: $20 million Probability of finding oil: 0.2 Site B: Profit if oil is found: $180 million Loss if no oil is found: $30 million Probability of finding oil: 0.1 a. Which site has the larger expected profit? Site A has the larger expected profit. Site B has the larger expected profit. The expected profits for both sites are the same. O O O
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- The director of library services at a college did a survey of types of books (by subject) in the circulation library. Then she used library records to take a random sample of 888 books checked out last term and classified the books in the sample by subject. The results are shown below. Subject Area Percent of Books on Subject in CirculationLibrary on This Subject Number of Books inSample on This Subject Business 32% 247 Humanities 25% 209 Natural Science 20% 222 Social Science 15% 127 All other subjects 8% 83 Using a 5% level of significance, test the claim that the subject distribution of books in the library fits the distribution of books checked out by students. (a) What is the level of significance?State the null and alternate hypotheses. H0: The distributions are the same.H1: The distributions are different.H0: The distributions are different.H1: The distributions are different. H0: The distributions are the same.H1: The distributions are the same.H0: The…The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.3 6.6 6.7 6.8 7.1 7.3 7.5 7.8 7.8 7.8 Bank B 4.2 5.5 5.9 6.3 6.7 7.7 7.7 8.5 9.3 10.0 Click the icon to view the table of Chi-Square critical values. Construct a 90% confidence interval for the population standard deviation o at Bank A. 7:6Grade points are assigned such that an A receives 4 points, a B receives 3 points, a C receives 2 points, a D receives 1 point, and a F receives 0 points. Grades are weighted according to credit hours (units). If a student receives an A in a four-unit class, a D in a two-unit class, a B in a three-unit class and a C in a three-unit class, what is the student's grade point average? O A. 2.75 O B. 1.75 O C. 3.00 O D. 2.50 Click to select your answer. DELL XXX EVD disc RW DELL
- Determine which of the following variables are quantitative. A: Rating of the effectiveness of a new cold remedy (Not effective, Somewhat effective, Very effective) B: Amount of time spent assembling a five-shelf bookcase. C. Number of children in a family. Group of answer choices A and B and C B and C A and C A and BThe director of library services at a college did a survey of types of books (by subject) in the circulation library. Then she used library records to take a random sample of 888 books checked out last term and classified the books in the sample by subject. The results are shown below. Subject Area Percent of Books on Subject in CirculationLibrary on This Subject Number of Books inSample on This Subject Business 32% 284 Humanities 25% 218 Natural Science 20% 207 Social Science 15% 102 All other subjects 8% 77 (b) Find the value of the chi-square statistic for the sample. (Round the expected frequencies to three decimal places. Round the test statistic to three decimal places.)The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.4 6.6 6.7 6.8 7.1 7.3 7.6 7.9 7.9 7.9 Bank B 4.2 5.4 5.8 6.2 6.7 7.6 7.6 8.5 9.2 10.0 Click the icon to view the table of Chi-Square critical values. Construct a 99% confidence interval for the population standard deviation o at Bank A. 0.36 minLast rating period, the percentages of viewers watching several channels between 11 p.m. and 11:30 p.m. in a major TV market were as follows: WDUX(News) WWTY(News) WACO(Cheers Reruns) WTJW(News) Others 15% 19% 22% 16% 28% Suppose that in the current rating period, a survey of 2,000 viewers gives the following frequencies: WDUX(News) WWTY(News) WACO(Cheers Reruns) WTJW(News) Others 182 536 354 151 777 Click here for the Excel Data File (a) Show that it is appropriate to carry out a chi-square test using these data. (b) Determine whether the viewing shares in the current rating period differ from those in the last rating period at the .10 level of significance. (Round your answer to 3 decimal places.)In a study of how the environment affects spending, researchers varied the presence of music and scents in a shopping mall. Interviews with shoppers who made unplanned purchases revealed the average purchase amounts shown to the right. Each group has 100 shoppers. Complete parts (a) through (c) below. (a) If each group includes 100 shoppers, which group spent the most money in total? Condition None Scent Music Scent and music A. The group that was exposed to only music spent the most money in total. B. The group that was exposed to only scent spent the most money in total. C. The group that was exposed to both scent and music spent the most money in total. D. The group that was exposed to neither scent nor music spent the most money in total. (b) If medians summarized each group's spending rather than means, would you be able to identify the group with the largest spending? A. No, the total amount cannot be recovered from the median value. B. Yes, the total amount can be recovered from…The director of library services at a college did a survey of types of books (by subject) in the circulation library. Then she used library records to take a random sample of 888 books checked out last term and classified the books in the sample by subject. The results are shown below. Subject Area Percent of Books on Subject in CirculationLibrary on This Subject Number of Books inSample on This Subject Business 32% 237 Humanities 25% 220 Natural Science 20% 223 Social Science 15% 128 All other subjects 8% 80 Using a 5% level of significance, test the claim that the subject distribution of books in the library fits the distribution of books checked out by students. (a) What is the level of significance?State the null and alternate hypotheses. H0: The distributions are the same.H1: The distributions are different.H0: The distributions are the same.H1: The distributions are the same. H0: The distributions are different.H1: The distributions are different.H0: The…The values listed below are waiting times (in minutes) of customers at two different banks. At Bank A, customers enter a single waiting line that feeds three teller windows. At Bank B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.3 4.3 6.6 7.0 7.0 Bank B 5.4 5.8 6.1 6.8 78 8.5 10.0 A Click the icon to view the table of Chi-Square critical values. Construct a 95% confidence interval for the population standard deviation a at Bank A O minThe director of library services at a college did a survey of types of books (by subject) in the circulation library. Then she used library records to take a random sample of 888 books checked out last term and classified the books in the sample by subject. The results are shown below. Subject Area Percent of Books on Subject in CirculationLibrary on This Subject Number of Books inSample on This Subject Business 32% 267 Humanities 25% 217 Natural Science 20% 222 Social Science 15% 109 All other subjects 8% 73 Using a 5% level of significance, test the claim that the subject distribution of books in the library fits the distribution of books checked out by students. (a) What is the level of significance?State the null and alternate hypotheses. H0: The distributions are different.H1: The distributions are the same.H0: The distributions are the same.H1: The distributions are different. H0: The distributions are the same.H1: The distributions are the same.H0: The…A comparative Psychologist tests the amount of time it takes for mice to complete a maze as their dependent variable. What type of data would this be? a. ratio b. interval c. ordinal d. nominalSEE MORE QUESTIONSRecommended textbooks for youA First Course in Probability (10th Edition)ProbabilityISBN:9780134753119Author:Sheldon RossPublisher:PEARSON
A First Course in Probability (10th Edition)ProbabilityISBN:9780134753119Author:Sheldon RossPublisher:PEARSON