Hurricane Andrew swept through southern Florida causing billions of dollars of damage. Because of the severity of the storm and the type of residential construction usedin this semitropical area, there was some concern that the average claim size would be greater than the historical average hurricane claim of $25,000. Several insurancecompanies collaborated in a data gathering experiment. They randomly selected 26 homes and sent adjusters to settle the claims. In the sample of 26 homes, theaverage claim was $27,500 with a population standard deviation of $5500. Is there sufficient evidence at a 0.10 significance level to support the claim that the homedamage is greater than the historical average? Assume the population of insurance claims is approximately normally distributed.Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below.Ho:μ =25,000Ha H.25,000

In hypothesis testing, we start by stating the null hypothesis (H0) and the alternative hypothesis…

Answered: Hurricane Andrew swept through southern…

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 hospital wants to estimate the percentage of admitted patients who receive Medicare benefits. if we want that percentage based on examination of randomly selected patient payment records, how many patient records must be examined in order to be 95% confident that we are within four percentage points of the population percentage?s
The American Heart Association is about to conduct an anti-smoking campaign and wants to know the fraction of Americans over 35 who smoke. Step 1 of 2 : Suppose a sample of 1089 Americans over 35 is drawn. Of these people, 359 smoke. Using the data, estimate the proportion of Americans over 35 who smoke. Enter your answer as a fraction or a decimal number rounded to three decimal places.
Suppose that the result of a public opinion poll shows that just 10% of people would be willing to give up their cell phones for 1 week in exchange for $100. How many people would need to be surveyed in order to have a margin of error of ±2%?
It is believed that large doses of acetaminophen (the active ingredient in over the counter pain relievers like Tylenol) may cause damage to the liver. A researcher wants to conduct a study to estimate the proportion of acetaminophen users who have liver damage. For participating in this study, he will pay each subject $20 and provide a free medical consultation if the patient has liver damage. a) If he wants to limit the margin of error of his 95% confidence interval to 1%, what is the minimum amount of money he needs to set aside to pay his subjects?
The control department of a light bulb manufacturer randomly picks 4400 light bulbs from the production lot every week. The records show that, when there is no malfunction, the defect rate in the manufacturing process (due to imperfections in the material used) is 1% . When 1.5% or more of the light bulbs in the sample of 4400 are defective, the control unit calls repair technicians for service. Answer the following. (If necessary, consult a list of formulas.) (a)Find the mean of p , where p is the proportion of defective light bulbs in a sample of 4400 when there is no malfunction. (b)Find the standard deviation of p . (c)Compute an approximation for P≥p0.015 , which is the probability that the service technicians will be called even though the system is functioning properly. Round your answer to four decimal places.
A report says that the average amount of time a 10-year-old American child spends playing outdoors per day is between 20.5 and 25.66 minutes. What is the margin of error in this report?
Based on a recent survey of adults in 60,000 households, a labor department reported an unemployment rate of 4.8%. The margin of error was 0.1 percentage point.
Hurricane Andrew swept through southern Florida causing billions of dollars of damage. Because of the severity of the storm and the type of residential construction used in this semitropical area, there was some concern that the average claim size would be greater than the historical average hurricane claim of $25,500. Several insurance companies collaborated in a data gathering experiment. They randomly selected 26 homes and sent adjusters to settle the claims. In the sample of 26 homes, the average claim was $28,000 with a population standard deviation of $6300. Is there sufficient evidence at a 0.01 significance level to support the claim that the home damage is greater than the historical average? Assume the population of insurance claims is approximately normally distributed. Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below. Ho 25,500 Ha H. 25,500
Please help, I don't understand this question.
Based on the number of claims filed, a homeowners insurance company periodically reevaluates its premiums. It will either increase or decrease its premiums for all customers. Which measure provides the best information for its reevaluation? A. claims per dollar value of property B. claims per year per city C. claims per year D. claims per sub-division
A consumer group wanted to determine if there was a difference in customer perceptions about prices for a specific type of toy depending on where the toy was purchased. In the local area there are three main retailers: W-Mart, Tag, and URToy. For each retailer, the consumer group randomly selected 5 customers, and asked them to rate how expensive they thought the toy was on a 1-to-10 scale (1= not expensive, to 10 = very expensive). The toy was priced the same at all retail stores. 1. What kind of statistical test should be used to test the consumer group's research goal, assuming that the researcher wanted to use the 1-to-10 scale as a numerical interval measure? A. Repeated-measures t-test B. One-way Independent Measures ANOVA C. Repeated-measures ANOVA D. Independent-measures t-test 2. State the hypothesis that aims to test the consumer group’s research goal (i.e., what is H0 and HA).
The state education commission wants to estimate the fraction of tenth grade students that have reading skills at or below the eighth grade level. Step 1 of 2: Suppose a sample of 333 tenth graders is drawn. Of the students sampled, 260 read above the eighth grade level. Using the data, estimate the proportion of tenth graders reading at or below the eighth grade level. Enter your answer as a fraction or a decimal number rounded to three decimal places. Step 2 of 2: Suppose a sample of 333 tenth graders is drawn. Of the students sampled, 260 read above the eighth grade level. Using the data, construct the 80% confidence interval for the population proportion of tenth graders reading at or below the eighth grade level. Round your answers to three decimal places.

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