An online retailer has identified the maximum willingness of 10 consumers to pay forthe same product. The 10 prices are:$10.00, $11.50, $9.50, $10.20, $11.20, $10.50, $9.80, $10.10, $9.90, $11.00The retailer seeks a 95% confidence interval for the mean price consumers arewilling to pay. The sample mean is calculated as $10.37, and the sample standarddeviation is $0.66. Also consider the following t-values:Degrees offreedom8a. (9.99, 10.75)91090%confidence1.861.8331.81295%confidence2.3062.2622.22899%confidence3.3553.2503.169Selecting the correct t-value, calculate the limits of the confidence interval.

The maximum prices customers are willing to pay for the same product:The sample mean price, The…

Answered: An online retailer has identified the…

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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Identify the statistical test that should be used to analyze the data for the following study: Does a GRE prep course improve GRE scores? GRE practice test scores were compared before and after 40 students had taken a very expensive GRE prep course.
Find the sample size needed to estimate the percentage of residents of one region of a country who are left-handed. Use a margin of error of six percentage points, and use a confidence level of 99%. Complete parts (a) through (c) below.
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 < A B College High School 496 528 496 592 544 512 656 528 480 576 560 656 496 624 640 608 = 420 432 432 564 528 588 456 516 432 396 420 552 Data + с Part b Mean D Difference Between the Means Part d Significance Level (Alpha) E Can we reject the null hypothesis? (Enter "Can" or "Cannot") College Part c After reading these instructions delete all text in this shaded area. Use the XLMiner Analysis ToolPak to conduct your t-Test analysis. After deleting all text in this shaded area, set the output range in the ToolPak to the top left cell of this area (D8). Your t-Test output should fit into this shaded area. F 0.05 High School Formula H #N/A #N/A #N/A #N/A J K L
The midterm and final exam grades for a statistics course are provided in the data set below. Jaymes, a student in the class, scored 86 on both exams. Treat the given data sets as samples. Midterm: 80, 78, 85, 82, 79, 79, 78, 86, 80, 84, 78, 84, 80, 84, 81, 78, 81, 82, 78, 84 Final: 81, 88, 68, 69, 69 81, 82, 86, 76, 71, 72, 68, 77, 86, 68, 83, 84, 71, 81, 87 z-score for midterm: 1.857 z-score for final: 1.181 Based on the z-scores calculated above, which of Jaymes's grades is more unusual, the midterm grade or the final exam grade? Select the correct answer below: A. The absolute value of the z-score for the final exam grade is greater than for the midterm grade, so the final exam grade is more unusual. B. The absolute value of the z-score for the midterm exam grade is less than for the final grade, so the midterm grade is more unusual. C. The absolute value of the z-score for the midterm exam grade is greater than for the final grade, so the midterm grade is more…
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South Dakota prices vary $350,000: $400,000:$400,000:$425,000:$429,000: $440,000: $560,000: $585,000,: $585,000: $785,000 : $1,300,000. We found the following Mean = 569000 SD = 272703.1353 T score = .7113 P Value = .4932 CI: 385795.5409,752204.4591 If you had a margin of error of $13,000 how large of sample would you need with a 90% confidence interval using the given tscore.
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