In a recent year, the percentage of patients at a doctor's office who received a flu shot was 60%. A campaign by thedoctors and nurses was designed to increase the percentage of patients who obtain a flu shot. The doctors and nursesbelieved there was an 80% chance that someone who received a shot in year 1 would obtain a shot in year 2. They alsobelieved that there was a 40% chance that a person who did not receive a shot in year 1 would receive a shot in year 2.Complete parts (a) through (c) below.(a) Give the transition matrix for this situation. Set up the transition matrix P so that the first row and first columnrepresent obtaining a flu shot and the second row and second column represent not obtaining a flu shot.P =(Type an integer or decimal for each matrix element.)

The situation and the statistical data is given regarding the percentage of patients at a doctor's…

Answered: In a recent year, the percentage of…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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According to the Chronicles of Contrived Statistics (March, 2016), the probability that Elon Musk will offer you a free trip into space in the next month is 26%. The probability that scientists from Area 51 will start selling pet aliens next month is 31%. Finally, the probability that either Elon Musk will offer you a free trip to space or that scientists will begin sales of pet aliens next month is 11%. What is the probability that both Elon Musk will offer you a free trip into space and scientists from Area 51 will start selling pet aliens in the next month? Answer in decimal form. Round to two decimal places as needed. Your Answer:
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 64 stocks traded on the NYSE that day showed that 24 went up.You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of α=0.01α=0.01.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null fail to…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA increased in price.On the basis of this fact, a financial analyst claims we can assume that 76% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 61 stocks traded on the NYSE that day showed that 43 went up. You are conducting a study to see if the proportion of stocks that went up is significantlysmaller than 76%. You use a significance level of α=0.01α=0.01. For this study, we should use Select an answer 2-SampTInt 2-PropZInt 1-PropZInt T-Test χ²GOF-Test 2-SampTTest 2-PropZTest TInterval ANOVA 1-PropZTest χ²-Test The null and alternative hypotheses would be: H0H0: ? p μ Select an answer > = < ≠ (please enter a decimal) H1H1: ? p μ Select an answer ≠ = > < (Please enter a decimal) The test statistic =…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 61 stocks traded on the NYSE that day showed that 30 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of α=0.001α=0.001.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.)p-value = The p-value is... less than (or equal to) αα greater than αα This test statistic leads to a decision to... reject the null accept the null…
The weather in Columbus is either good, indifferent, or bad on any given day. If the weather is good today, there is a 40% chance it will be good tomorrow, a 30% chance it will be indifferent, and a 30% chance it will be bad. If the weather is indifferent today, there is a 50% chance it will be good tomorrow, and a 20% chance it will be indifferent. Finally, if the weather is bad today, there is a 10% chance it will be good tomorrow and a 30% chance it will be indifferent. a. What is the stochastic matrix, P, for this situation? b. Suppose there is a 10% chance of good weather today and a 90% chance of indifferent weather. What are the chances of bad weather tomorrow? c. Suppose the predicted weather for Monday is 40% indifferent weather and 60% bad weather. What are the chances for good weather on Wednesday? a. Create the stochastic matrix, P, where G is good, I is indifferent, and B is Bad. From: GIB a (Simplify your answers.) To: G
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA increased in price. On the basis of this fact, a financial analyst claims we can assume that 55% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 79 stocks traded on the NYSE that day showed that 48 went up. You are conducting a study to see if the proportion of stocks that went up is significantly different from 55%. You use a significance level of a = 0.025. 1. For this study, we should use Select an answer 2. The null and alternative hypotheses would be: Ho:? v Select an answer v (please enter a decimal) Hi:? vSelect an answer v (Please enter a decimal) 3. The test statistic (please show your answer to 3 decimal places.) 4. The p-value = (Please show your answer to 4 decimal places.) 5. The p-value is ? va 6. Based on this, we should Select an…
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA increased in price.On the basis of this fact, a financial analyst claims we can assume that 54% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 74 stocks traded on the NYSE that day showed that 35 went up. You are conducting a study to see if the proportion of stocks that went up is significantly smaller than 54%. You use a significance level of α=0.05α=0.05. how to you come up with the test statistic and p value using excel
A dowser has correctly located water for a well 1 out of 2 times in Jones County. In Jones County, someone who is just guessing has a 40% chance of locating water for a well. Does this sample provide sufficient evidence that the dowser can locate water and is not just guessing?
The Literary Digest was an American magazine that ran from 1890–1938. The magazine was famous for correctly predicting presidential winners since 1916 based on poll results. In 1936, however, it erroneously predicted that Alfred Landon would defeat Franklin Delano Roosevelt. This fiasco ultimately resulted in the magazine going out of business. The reason for The Literary Digest’s incorrect results has been studied throughout the years and is a famous example in statistics classes. One reason that researchers have found for the faulty results is that even though the magazine polled ten million people, the return rate of the surveys was around 23%. What type of bias is this? voluntary response bias non-response bias self-interest study loaded questions sampling bias perceived lack of anonymity response bias
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 72 stocks traded on the NYSE that day showed that 24 went up. You are conducting a study to see if the proportion of stocks that went up is significantly more than 0.3. You use a significance level of a = 0.10. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to... O reject the null accept the null O fail to…
The use of a HPV vaccination is effective at decreasing risk of cervical cancer overall. Investigators wished to study whether there is a difference in cervical cancer risk among three different risk categories: monogamous relationships only, casual sexual relationships, and anonymous sexual relationships. The investigators then kept track of how many women developed cervical cancer in the study. The expected % of cervical cancer in each of the three risk factor groups is provided. You are interested in investigating if there is a difference between the expected and the observed percentage of women that developed cervical cancer in the three risk categories. What kind of sample and outcome is this?

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