Question 7nA business analyst wants to estimate the average monthly expenditure on bread by afamily in Montreal. She wants to be 95% confident of her results, and she wants theestimate to be within $1.00 of the actual figure. Choices below are given as [lowerlimit, upper limit]. The historical standard deviation of monthly bread purchases is$4.00. What is the required sample size to achieve her estimation accuracy?a) 62b) 63c) 44d) 61

95% confidence interval for Margin of error : E = 1Population standard deviation : Required sample…

Answered: Question 71 A business analyst wants to…

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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In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increasefor company 24 25 25 18 6 4 21 37 A: Percent increasefor CEO 21 25 22 14 −4 19 15 30 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B − A.)…
In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer.Suppose that at five weather stations on Trail Ridge Road in Rocky Mountain National Park, the peak wind gusts (in miles per hour) for January and April are recorded below. Wilderness District 1 2 3 4 5 January 128 139 129 64 78 April 115 104 115 88 61 Does this information indicate that the peak wind gusts are higher in January than in April? Use α = 0.01. Solve the problem using the critical region method of testing. (Let d = January − April. Round your answers to three decimal places.) test statistic = critical value =
In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increasefor company 24 25 23 18 6 4 21 37 A: Percent increasefor CEO 21 23 22 14 −4 19 15 30 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B −…
In a recent survey of 157 WMU graduates, 117 students said that parking was too limited on campus. What is the estimate of the population proportion? What is the standard error of this estimate? Question 7 options: 1) Estimate of proportion: 0.745, Standard error: 0.0348. 2) Estimate of proportion: 0.255, Standard error: 0.0028. 3) Estimate of proportion: 0.745, Standard error: 0.0028. 4) The true population proportion is needed to calculate this. 5) Estimate of proportion: 0.255, Standard error: 0.0348.
Based on data from the 2010 Census the average age of a Pierce County, Washington resident is 41 years with a standard deviation of 12.3 . The data is normally distributed. The median age, in years, is: a) 41 b) 38 c) 43 d) 33
In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOS) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increase 24 22 18 18 6 4 21 37 for company A: Percent increase 22 30 23 14 -4 19 15 30 for CEO Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. Solve the problem using the…
Assume a population of 3, 4, and 11. Assume that samples of size n = 2 are randomly selected with replacement from the population. Listed below are the nine different samples. Complete parts a through d below. 3,4 3,3 a. Find the value of the population standard deviation o. S ▼ 3,11 ▼ ■ 1 | 4,3 4,4 C (Round to three decimal places as needed.) b. Find the standard deviation of each of the nine samples, then summarize the sampling distribution of the standard deviations in the format of a table representing the probability distribution of the distinct standard deviation values. Use ascending order of the sample standard deviations. Probability (Type integers or fractions.) c. Find the mean of the sampling distribution of the sample standard deviations. The mean of the sampling distribution of the sample standard deviations is. 4,11 11,3 11,4 11,11
In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: B: Percent increasefor company 24 25 27 18 6 4 21 37 A: Percent increasefor CEO 21 23 24 14 −4 19 15 30 Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Use a 5% level of significance. (Let d = B − A.) (a)…
In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of freedom d.f. not in the Student's t table, use the closest d.f. that is smaller. In some situations, this choice of d.f. may increase the P-value by a small amount and therefore produce a slightly more "conservative" answer. Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose a random sample of companies yielded the following data: I need help with finding What is the value of the sample test statistic? (Round your answer to three decimal places.)
Use the information provided to find the minimum sample size required to estimate an unknown parameter Mean(u). How many students should be randomly selected to estimate the average weekly earnings of students at a university? We want 80% confidence that the sample mean is within $ 3 of the population mean and the population standard deviation is known to be $ 57. Select one: a. 978 b. 362 c. 1388 d. 594 e. 2397
Part 4. 1. Examine the data set below that represents a sample. A.) the average of the sample; B.) the median of the enéchantion; C.) the mode of the sample; D. ) the minimum and maximum values; J.) the extent; F.) the first, second and third quartiles; G.) the interquartile interval; H.) the standard deviation of the sample; I.) The variance of the sample.

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