r. James Lynch conducts a study to find that the average time eople wait in line before they can talk to a clerk at the DMV of ne study involved 25 customers. The average was 45 minutes andard deviation of 12 minutes. nd a 99% confidence interval for the true mean time that stomers have to wait in line
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- The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 4.1 years and a standard deviation of 0.5 years. He then randomly selects records on 42 laptops sold in the past and finds that the mean replacement time is 3.9 years.Assuming that the laptop replacement times have a mean of 4.1 years and a standard deviation of 0.5 years, find the probability that 42 randomly selected laptops will have a mean replacement time of 3.9 years or less.P(M < 3.9 years)The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 3.6 years and a standard deviation of 0.4 years. He then randomly selects records on 48 laptops sold in the past and finds that the mean replacement time is 3.4 years. Assuming that the laptop replacement times have a mean of 3.6 years and a standard deviation of 0.4 years, find the probability that 48 randomly selected laptops will have a mean replacement time of 3.4 years or less. P(M < 3.4 years)=__________The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 3.3 years and a standard deviation of 0.4 years. He then randomly selects records on 25 laptops sold in the past and finds that the mean replacement time is 3.2 years.Assuming that the laptop replacement times have a mean of 3.3 years and a standard deviation of 0.4 years, find the probability that 25 randomly selected laptops will have a mean replacement time of 3.2 years or less.P(M < 3.2 years) = Enter your answer as a number accurate to 4 decimal places. NOTE: Answers obtained using exact z-scores or z-scores rounded to 3 decimal places are accepted.Based on the result above, does it appear that the computer store has been given laptops of lower than average quality? No. The probability of obtaining this data is high enough…
- A new small business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the store on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 10 days following no advertisements, the mean was 18.3 purchasing customers with a standard deviation of 1.8 customers. On 7 days following advertising, the mean was 19.4 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.02 level, that the mean number of customers who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Population 2. Step 3 of 3: Draw a…The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 4.1 years and a standard deviation of 0.6 years. He then randomly selects records on 41 laptops sold in the past and finds that the mean replacement time is 3.9 years.Assuming that the laptop replacement times have a mean of 4.1 years and a standard deviation of 0.6 years, find the probability that 41 randomly selected laptops will have a mean replacement time of 3.9 years or less.P(M < 3.9 years) = Enter your answer as a number accurate to 4 decimal places. NOTE: Answers obtained using exact z-scores or z-scores rounded to 3 decimal places are accepted.Based on the result above, does it appear that the computer store has been given laptops of lower than average quality?HCC builds 3 and 4-unit apartment buildings for investors and it is believed that the total construction time in days follow a normal distribution. With improvements in construction technology, the mean time to construct a triplex was reduced from 100 days to 80 days, however the standard deviation increased from 20 to 25 days. Failure to complete the triplex in 125 days still results in severe penalty fees. After these technological improvements have been implemented by HCC, answer the following questions: a. What is the probability of HCC not violating the contract and what is the probability of HCC violating the contract?
- The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 3.7 years and a standard deviation of 0.5 years. He then randomly selects records on 52 laptops sold in the past and finds that the mean replacement time is 3.6 years. Assuming that the laptop replacement times have a mean of 3.7 years and a standard deviation of 0.5 years, find the probability that 52 randomly selected laptops will have a mean replacement time of 3.6 years or less. P(M3.6 years) = Enter your answer as a number accurate to 4 decimal places. NOTE: Answers obtained using exact z-scores or z-scores rounded to 3 decimal places are accepted. Based on the result above, does it appear that the computer store has been given laptops of lower than average quality? Yes. The probability of this data is unlikely to have occurred…The manager of a computer retail store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 3.9 years and a standard deviation of 0.6 years. He then randomly selects records on 47 laptops sold in the past and finds that the mean replacement time is 3.7 years. Assuming that the laptop replacement times have a mean of 3.9 years and a standard deviation of 0.6 years, find the probability that 47 randomly selected laptops will have a mean replacement time of 3.7 years or less. P(M≤ 3.7 years) - Enter your answer rounded to 4 decimal places.The manager of a computer retails store is concerned that his suppliers have been giving him laptop computers with lower than average quality. His research shows that replacement times for the model laptop of concern are normally distributed with a mean of 4.5 years and a standard deviation of 0.4 years. He then randomly selects records on 48 laptops sold in the past and finds that the mean replacement time is 4.4 years.Assuming that the laptop replacement times have a mean of 4.5 years and a standard deviation of 0.4 years, find the probability that 48 randomly selected laptops will have a mean replacement time of 4.4 years or less.P(M < 4.4 years) = Enter your answer as a number accurate to 4 decimal places. NOTE: Answers obtained using exact z-scores or z-scores rounded to 3 decimal places are accepted.
- A report states that the mean yearly salary offer for students graduating with a degree in accounting is $48,722. Suppose that a random sample of 50 accounting graduates at a large university who received job offers resulted in a mean offer of $49,870 and a standard deviation of $3900. Do the sample data provide strong support for the claim that the mean salary offer for accounting graduates of this university is higher than the national average of $48,7227 Ho: = Ha: Select an answer V (Put in the correct symbol and value) a = P-value =EA study was made to estimate the difference in salaries of college professors in the private and state colleges of Virginia. A random sample of 100 professors in private colleges showed an average 9-month salary of $26,000 with a stardard deviation of $1300. A random sample of 200 professors in state colleges showed an average salary of $26,900 with a standard deviation of $1400. Test the hy- pothesis that the average salary for professors teaching in state colleges does not exceed the average salary for professors teaching in private colleges by more than $500. Use a 0.02 level of significance.A new small business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the store on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising, the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Population 2. Step 3 of 3: Draw a…