(Show your calculation steps. Correct you answer to 4 decimal places and report the measurement unitwhen applicable)Question 1A bank offers three types of welcoming gifts to VISA card applicants.Gift A: $400 supermarket couponGift B: a 2-persons tea set voucherGift C: 8 sets of movie ticketsBased on the table below, construct a 95% confidence interval estimate of the population proportion ofapplicants choose $400 supermarket coupon.The choice made by a random sample of 40 applicants is as follow:ВAВCАACAAВAAВАCВВВAAВAВAAВACACACAАAВAAВAQuestion 2In a city, according to a 1990 demographic report based on the census result, the average daily spending onfood per person is $75.In 2020, a random sample of 28 persons in the same city is selected and the daily spending ($) on food foreach interviewee is recorded as follow:55.059.562.565.568.569.070.070.082.082.583.585.086.086.586.587.087.087.089.092.593.094.594.596.098.0102.5108.5110.5(a) Find the point estimate for the population mean daily spending on food per person in year 2020.(b) It is assumed that the spending is normally distributed.Construct a 90% confidence interval estimatefor the population mean daily spending on food per person in year 2020.(c) Is there sufficient evidence to conclude that the population mean daily spending on food per person in2020 is higher than 1990?Test at 1% level of significance. (State clearly the null hypothesis,alternatively hypothesis, rejection region, test statistics and conclusion.)

Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

(Show your calculation steps. Correct you answer to 4 decimal places and report the measurement unit when applicable) Question 1 A bank offers three types of welcoming gifts to VISA card applicants. Gift A: $400 supermarket coupon Gift B: a 2-persons tea set voucher Gift C: 8 sets of movie tickets Based on the table below, construct a 95% confidence interval estimate of the population proportion of applicants choose $400 supermarket coupon. The choice made by a random sample of 40 applicants is as follow: В A В C A A A A B A A В A C В В B A A В A В А A B A C A C A C A A A В A A В A

(Show your calculation steps. Correct you answer to 4 decimal places and report the measurement unit when applicable) Question 1 A bank offers three types of welcoming gifts to VISA card applicants. Gift A: $400 supermarket coupon Gift B: a 2-persons tea set voucher Gift C: 8 sets of movie tickets Based on the table below, construct a 95% confidence interval estimate of the population proportion of applicants choose $400 supermarket coupon. The choice made by a random sample of 40 applicants is as follow: В A В C A A A A B A A В A C В В B A A В A В А A B A C A C A C A A A В A A В A

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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Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

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