Consider throwing a die 20 times. Let X be the number of times th outcome is less than 3. Find the mean X and the variance o. (a) 2.22 and 0.33 (b) 4.44 and 6.67 (c) 0.33 and 2.22 (d) 6.67 and 4.44
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- A company has found that its profits Y are related to its sales X by the formula Y = 0.2X + 100. If next year’s sales have a Normal distribution with a mean of 7,500 and a variance of 160,000. What is the distribution of next year's profit?A national freight delivery service is considering introducing a same-day delivery service at no extra cost. It randomly selected customers in its business areas and recorded the customer satisfaction scores. The score range is between 1-100, where 100 is the highest customer satisfaction. Define X1 as the satisfaction score with ordinary deliveries and X2 as the satisfaction score for the same customers with same day deliveries. Some summary statistics are given as The sample mean of X1 is The sample variance of X1 is The sample mean of X2 is The sample variance of X2 is The sample covariance between X1 and X2 is The sample size is 44.20 142.75 53.86 103.39 81.43 56 If you were to carry out a test to investigate whether outsourcing may improve customer satisfaction, what would your sample size be?Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately ?2 = 47.1. However, a random sample of 18 colleges and universities in Kansas showed that x has a sample variance s2 = 86.1. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is greater than 47.1. Find a 95% confidence interval for the population variance. (a) What is the level of significance?State the null and alternate hypotheses. Ho: ?2 = 47.1; H1: ?2 < 47.1Ho: ?2 = 47.1; H1: ?2 > 47.1 Ho: ?2 = 47.1; H1: ?2 ≠ 47.1Ho: ?2 < 47.1; H1: ?2 = 47.1 (b) Find the value of the chi-square statistic for the sample. (Round your answer to two decimal places.)What are the degrees of freedom?What assumptions are you making about the original distribution? We assume a uniform population distribution.We…
- A variance function Var(Y IX = x) tells us: about the variability of Y at different values of X. O the extent to which Y and X are correlated. whether the mean function is linear or curved. O if a data point is an outlier.An analysis of variance produces SSbetween = 40, SSwithin = 60, and an F-ratio with df = 2, 15. For this analysis, what is the F-ratio?Suppose X = number of direct injuries occurring in a fire incident. Its PMF is given by x 0 1 2 3 4 5 6 7 f(x) 0.08 0.08 0.09 0.14 0.18 0.18 0.16 0.09 0.06 Determine the mean and variance of the number of direct injuries occurring in a fire incident. 8 0.06
- Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately ?2 = 47.1. However, a random sample of 18 colleges and universities in Kansas showed that x has a sample variance s2 = 86.1. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is greater than 47.1. Find a 95% confidence interval for the population variance. ased on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? Since the P-value > ?, we fail to reject the null hypothesis.Since the P-value > ?, we reject the null hypothesis. Since the P-value ≤ ?, we reject the null hypothesis.Since the P-value ≤ ?, we fail to reject the null hypothesis. (e) Interpret your conclusion in the context of the application. At the 5% level of significance, there is insufficient…What is the Discrete Variable Variance for the following numbers:x = 0 and P(X = x) = 0.19x = 1 and P(X = x) = 0.27x = 2 and P(X = x) = 0.21x = 3 and P(X = x) = 0.33Let x be a random variable that represents the pH of CVS brand water. The mean of this x distribution is u = 6.5 pH. A new company wants to sell its water at CVS locations. However, CVS management believes that the new brand will have a mean pH different from the CVS brand water. A random sample of 70 water samples were taken from this new company's water and it was found that the sample mean was 7.2 pH and the sample standard deviation was s = 2.5 pH. Do the data indicate that the new company's water has a mean pH level greater than 6.5, which is the pH of the CVS brand water? Use a 5% significance level. Identify the following in your answer. 1. Identify the null hypothesis Ho and alternate hypothesis H1 for the problem. 2. Identify and test statistic, the p-value and the calculator key used. Test Statistic (t): (Round to three decimal places) = p - value: (Round to four places) = Calculator key used: 3. Identify the significance level and determine if you reject or fail to reject…
- Customers at a gas station pay with a credit card (A), debit card (B), or cash (C). Assume that successive customers make independent choices with P(A) = 0.3, P(B) = 0.3, and P(C) = 0.4. (a) Among the next 210 customers, what are the mean and variance of the number who pay with a debit card? E(X) = V(X) = Explain your reasoning. This answer has not been graded yet. (b) Answer part (a) for the number among the 210 who don't pay with cash. E(X) = V(X) =A correlation of +.20 means that [blank] of the variance in the outcome variable is accounted for by the predictor variable.need asap