Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error? A Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375. B You might have made a calculation error. C Neither- we're sure the average has increased. D Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375. E Either kind is possible!

Last year, the average amount that teams for the Statistics Games raised was $375. Have teams been more successful at fundraising this year? To find out, you take a random sample of 36 teams. Your sample of 36 teams yields a mean of $396 and a standard deviation of $70. Might you have made a Type 1 or Type 2 error? A Type 1. This means that we said that the mean amount raised had increased, when it was actually still $375. B You might have made a calculation error. C Neither- we're sure the average has increased. D Type 2. This would mean that we said there was not enough evidence to say the mean had increased from $375, when it actually is higher than $375. E Either kind is possible!

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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