In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD)claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180of them were working.a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals).b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005.Но: р- Select your answer -На: р- Select your answer -c. Conduct your hypothesis test using a =.05p-value- Select your answer -What is your conclusion?- Select your answer -

It is given that 27% of people aged 65-69 worked. Therefore, population proportion; P is 0.27. It is…

Answered: In recent years more people have been…

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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13. As part of its twenty-fifth reunion celebration, the class of 1988 at a state university held a reception on campus. In an informal survey, the director of alumni development asked 50 of the attendees about their incomes. The director computed the mean income of the 50 attendees to be $189,952. In a news release, the director announced, "the members of our class of 1988 enjoyed a resounding success. Last year's mean income of its members was $189,952!" a) what would be a statistical advantage of using the median of the reported incomes, rather than the mean, as the estimate of the typical income? b)The director felt the members who attended the reception may be different from the class as a whole. A more detailed survey of the class was planned to find a better estimate of the income as well as other facts about the alumni. The staff developed two methods based on the available funds to carry out a survey. Method 1: Send out an e-mail to all 6,826 members of the class asking them…
Joan's Nursery specializes in custom-designed landscaping for residential areas. The estimated labor cost associated with a particular landscaping proposal is based on the number of plantings of trees, shrubs, and so on to be used for the project. For cost-estimating purposes, managers use two hours of labor time for the planting of a medium-sized tree. Actual times from a sample of 10 plantings during the past month follow (times in hours). 1.8 1.4 2.7 2.1 2.3 2.3 2.6 3.0 1.5 2.3 (c) Compute the sample standard deviation. (Round your answer to three decimal places.) (d) What is the test statistic? (Round your answer to three decimal places.) What is the p-value? (Round your answer to four decimal places.) p-value = (e) What is your conclusion? Do not reject H0. We can conclude that the mean tree-planting time differs from two hours. There is a reason to change from the two hours for cost estimating purposes. Reject H0. We can conclude that the mean…
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The North American Free Trade Agreement (NAFTA) enacted in 1994 is a trilateral trade agreement signed by the United States, Canada and Mexico. This trade agreement has been controversial since its inception and Americans remain split on the issue. In a Gallup Poll conducted February 1-5, 2017, 448 out of 973 randomly selected Americans aged 18 or older stated that they believed that NAFTA was bad for the United States. a. Find the point estimate for the proportion of Americans who believe that NAFTA was bad for the United States. Round your answer to 4 decimal places. b. Find the margin of error for a 95% confidence interval. Round your answer to 4 decimal places. c. Construct the 95% confidence interval for the proportion of Americans who believe that NAFTA was bad for the United States. Enter your answer as an open interval of the form (a,b) and round to 3 decimal places. d. Can you conclude that more than half of Americans believe that NAFTA was bad for the United States? No, the…
A descriptive statistic is generally defined as: a. the entire group of interest about which we want to make conclusions. b. a single number or group of numbers that organize, summarize, and communicate a group of numerical observations. c. a subset, or smaller collection, of observations from the overall group of interest. d. using data to make general estimates about the overall group of interest.
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2. A show had an AQH rating of 12.0 among Men and 15.0 among Women. If Women constituted 56 percent of the market (and Men the rest), calculate the overall AQH rating of the show.
When writing the participant section for your formal report, you include only information that directly describes your participants, and do not include information on measures they have completed. True or false
3. Consumer Reports recently followed up with a survey to its readers asking about political preferences and primary choice of mobile device. There was a total of 11,214 Republican respondents. Of the 9,500 Democrats responding, 470 reported using a device not listed and 292 said they used a Windows phone. The total usage of Android devices recorded totaled 8,926; 3,921 of Android users were Republicans. Interestingly, there were an equal number of Apple and Android users reporting as Republicans. There were 4,528 Democrats using an Apple device. Only 2,672 of those surveyed reported as Independent, 51 said they used a Windows device and 428 said they used an Apple device. There were 3,652 total Windows device users surveyed. Consumer Reports Survey of Political Preference and Preferred Mobile Device Republican Independent Democrat Total Apple Android Windows Other Total Part A: Complete the two-way frequency table above. Part B: What is the joint relative frequency of Independents…
3. A Bloomberg Businessweek North American subscriber study collected data from a sample of 2861 sub-scribers. Fifty- nine percent of the respondents indicated an annual income of $ 75,000 or more, and 50% reported having an American Express credit card. a. What is the population of interest in this study? b. Is annual income a categorical or quantitative variable? c. Is ownership of an American Express card a categorical or quantitative variable? d. Does this study involve cross- sectional or time series data? e. Describe any statistical inferences Bloomberg Businessweek might make on the basis of the survey. 4. Table 1.8 shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors. Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts. The data set is also on the website that accompanies the text in the file named Shadow02. a. How many variables are in the data set?…
Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009 has reportedly caused the sales price of existing homes to fall nationwide (Businessweek, March 9, 2009). You would like to see if the data support this conclusion. The file HomePrices contains data on 30 existing home sales in 2006 and 40 existing home sales in 2009.a) Provide a point estimate of the difference between the population mean prices for the two years.b) Develop a 99% confidence interval estimate of the difference between the resale prices of houses in 2006 and 2009.c) Would you feel justified in concluding that resale prices of existing homes have declined from 2006 to 2009? Why or why not? 2006 ($1000s) 2009 ($1000s)213100 155400226200 189800239100 200800214300 280400161700 213200181200 181100228600 117400222100 130000228900 170000235800…

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