If the mean of the random variable x is larger than the mean of the random variable y, then the variance of x must be larger than the variance of y. A. True B. False
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- 2. A department store receives an average of 5 returned items per day. The probability that a returned item has an available replacement is 0.65. [Hint: there are two separate distributions here.] d. e. f. Calculate the probability that there are 4 returned items and none has available replacements in a certain day. Calculate the variance and the mean of the returned items. Calculate the variance and the mean of the replaced items. 2need poThe nation of Olecarl, located in the South Pacific, has asked you to analyze international trade patterns. You first discover that each year it exports 10 units and im- ports 10 units of wonderful stuff. The price of exports is a random variable with a mean of 100 and a vari- ance of 100. The price of imports is a random variable with a mean of 90 and a variance of 400. In addition, you discover that the prices of imports and exports have a correlation of r = -0.40. The prices of both ex- ports and imports follow a normal probability density function. Define the balance of trade as the difference between the total revenue from exports and the total cost of imports. What are the mean and variance of the balance of trade? What is the probability that the balance oft trade is negative?
- A factor in determining the usefulness of an examination as a measure of demonstrated ability is the amount of spread that occurs in the grades. If the spread or variation of examination scores is very small, it usually means that the examination was either too hard or too easy. However, if the variance of scores is moderately large, then there is a definite difference in scores between "better," "average," and "poorer" students. A group of attorneys in a Midwest state has been given the task of making up this year's bar examination for the state. The examination has 500 total possible points, and from the history of past examinations, it is known that a standard deviation of around 60 points is desirable. Of course, too large or too small a standard deviation is not good. The attorneys want to test their examination to see how good it is. A preliminary version of the examination (with slight modifications to protect the integrity of the real examination) is given to a random sample of…A medical researcher wants to test whether the mean cholesterol levels are the same for 3 treatment groups of subjects (with 18 total randomly selected subjects): those who take a new medication, those who follow a diet, and those who make no changes to medication or diet. They plan to use a 5% level of significance for their decision. Below is a partial Analysis of Variance table. Use it to answer the following questions deg of freedom Sum of Squares Mean Square F statistic Treatment Group 3.121 1.5607 Error 1.517 0.1011 Total 17 What is the critical value of F we would compare this to (see F-table) [ Select ] What is our decision v [ Select ] More information is needed Do not reject the null hypothesis because our f-statistic is smaller than the critical f Reject the null hypothesis because our f-statistic is greater than the critical f Reject the null hypothesis because our f-statistic is smaller than the critical f Do not reject the null hypothesis because our f-statistic is…Cigarette packets used to contain cards representing such things as flowers, film stars or football teams. A complete set would comprise n different cards, say, and collectors would aim to obtain a complete set. Clearly, the first packet bought would contain a new card which would start the collection. The next card obtained might simply duplicate the first card, or it might also be a new card, and add to the collection, and so on. Obtain expressions for the mean and variance of the number of packets which must be purchased until a complete set of cards is obtained.
- thanks for attempting my question. would appreciate a quick response and an explanation. thanks Question 1 of 4 Assume that we have 6 manifest variables and 3 factors. The communality of 3 on variable 74 is obtained with the following: 34 O B. Y 34 O D. Y43 Question 3 of 4 Assume we have 6 manifest variables and 3 factors. The proportion of variance in the 2nd manifest variable accounted for by all of the factors can be represented as follows: O A. 22 О в. C. 13 33 Y 63 O D. 2-2; = Y21 +?22+?23A medical researcher wants to test whether the mean cholesterol levels are the same for 3 treatment groups of subjects (with 18 total randomly selected subjects): those who take a new medication, those who follow a diet, and those who make no changes to medication or diet. They plan to use a 5% level of significance for their decision. Below is a partial Analysis of Variance table. Use it to answer the following questions deg of freedom Sum of Squares Mean Square F statistic Treatment Group 3.121 1.5607 Error 1.517 0.1011 Total 17 What are the degrees of freedom for the treatment groups? What are the degrees of freedom for the error? What is the F-statistic for this data (3 decimal places)please send correct answer for Q4
- We are interested in determining whether or not the variances of the sales at two music stores (A and B) are equal. A sample of 16 days of sales at store A has a sample variance of 20 while a sample of 26 days of sales from store B has a sample variance of 30. The test statistic is (A) 1.50 (B) 1.69 (C) 2.25 (D) 2.50A factor in determining the usefulness of an examination as a measure of demonstrated ability is the amount of spread that occurs in the grades. If the spread or variation of examination scores is very small, it usually means that the examination was either too hard or too easy. However, if the variance of scores is moderately large, then there is a definite difference in scores between "better," "average," and "poorer" students. A group of attorneys in a Midwest state has been given the task of making up this year's bar examination for the state. The examination has 500 total possible points, and from the history of past examinations, it is known that a standard deviation of around 60 points is desirable. Of course, too large or too small a standard deviation is not good. The attorneys want to test their examination to see how good it is. A preliminary version of the examination (with slight modifications to protect the integrity of the real examination) is given to a random sample of…2. A department store receives an average of 5 returned items per day. The probability that a returned item has an available replacement is 0.65. [Hint: there are two separate distributions here.] d. e. f. Calculate the probability that there are 4 returned items and none has available replacements in a certain day. Calculate the variance and the mean of the returned items. Calculate the variance and the mean of the replaced items. 2
