Find the variance Suit Sales The number of suits sold per day at a retail store is shown in the table, with the corresponding probabilities.Number of suits sold X1920212223Probability P (X)0.10.20.30.10.3Send data to Excel

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Answered: Find the variance

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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A correlation of +.20 means that [blank] of the variance in the outcome variable is accounted for by the predictor variable.
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A world wide fast food chain decided to carry out an experiment to assess the influence of income on number of visits to their restaurants or vice versa. A sample of households was asked about the number of times they visit a fast food restaurant (X) during last month as well as their monthly income (Y). The data presented in the following table are the sums and sum of squares. (use 2 digits after decimal point) ∑ Y = 393 ∑ Y2 = 21027 ∑ ( Y-Ybar )2 = SSY = 1720.88 ∑ X = 324 ∑ X2 = 14272 ∑ ( X-Xbar )2 = SSX = 1150 nx=8 ny=11 ∑ [ ( X-Xbar )( Y-Ybar) ] =SSXY=1090.5 PART A Sample mean income is Answer Sample standard deviation of income is Answer 90% confidence interval for the population mean income (hint: assume that income distributed normally with mean μ and variance σ2) is [Answer±Answer*Answer] 90% confidence interval for the population variance of income (hint: assume that income distributed normally with mean μ and variance σ2) is…
Give an explanation why this statement is either true or false: Portfolio contains n assets. Therefore, portfolio variance for this portfolio is the function of 2n covariances and n variances.
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An arcade machine costs one dollar to play. Every time you play, there is a 1/10 chance of winning.(a) Let A be the number of times you play until you win. Find the variance Var[A].(b) Ten people play the arcade machine; each one keeps playing until they win, and thenit’s the next person’s turn. Let B be the number of times they play in total. Find thevariance Var[B].(c) Ten years later, you come back to the arcade machine, and it’s exactly the same, exceptthat due to inflation, the machine costs $10 to play.Let C be the the total cost of playing until you win. Find the variance Var[C].
Sample A Sample B s2 22 25 n 10 8 We want to test the hypothesis that population B has a smaller variance than population A.
This table shows the average heights for American boys in 1990. Age (years) Height (cm) birth 50.8 2 83.8 3 91.4 5 106.6 7 119.3 10 137.1 14 157.5 Decide which variable should be the independent variable and which should be the dependent variable. Draw a scatter plot of the data. Does it appear from inspection that there is a relationship between the variables? Why or why not? Calculate the least-squares line. Put the equation in the form of: ŷ = a + bx Find the correlation coefficient. Is it significant? Find the estimated average height for a one-year-old. Find the estimated average height for an eleven-year-old. Does it appear that a line is the best way to fit the data? Why or why not? Are there any outliers in the data? Use the least squares line to estimate the average height for a sixty-two-year-old man. Do you think that youranswer is reasonable? Why or why not? 10. What is the slope of the least-squares (best-fit) line?…
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