Hint(s) Check My WorkAccording to the University of Nevada Center for Logistics Management, 11% of all merchandise sold in the United States gets returned. A Houston departmentstore sampled 120 items sold in January and found that 15 of the items were returned.a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store.(to 4 decimals)b. Construct a 90% confidence interval for the proportion of returns at the Houston store.) (to 4 decimals)c. Is the proportion of returns at the Houston store significantly different from the returns for the nation as a whole? Provide statistical support for your answer.Since the confidence interval includes0.11, we conclude that the return rate for the Houston store does not differ fromthe U.S.national return rate.

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Answered: Hint(s) Check My Work According to the…

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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10. Gasoline prices. The Table 7 shows the gasoline prices (in dollars) for a sample of service stations. The prices are classified by vendor. At a = 0.05, is there enough evidence to conclude that at least 1 population mean gasoline price is different from the others? Table 7. Gasoline Prices (Dollars) Stewarts Valero Sunoco 2.50 2.52 2.51 2.51 2.51 2.51 2.50 2.51 2.53 2.53 2.51 2.50 2.49 2.52 2.50 2.53 2.52
1. A university dean is interested in determining the proportion of students who receive some financial aid. The dean randomly selects 200 students and finds that 118 of them are receiving financial aid. Use a 95% confidence interval to estimate the proportion of students on financial aid.
help 1
4.
1. A company surveyed its employees to determine what the new daily meal allotment dollar amount should be. Of the 159 employees, 94 responded. Pat’s supervisor asked what the recommended dollar amount should be. Pat could take the mean of the 94 responses or calculate a confidence interval about the mean using those 94 responses. Which action of the two (don’t go outside these choices) would give the supervisor a better idea of what the true mean is, and why?
Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year 1,476 1,800 Occupied Rooms Total Rooms 1,422 1,800 a. Formulate the hypothesis test that can be used to determine whether there has been an increase in the proportion of rooms occupied over the one-year period. Let P₁= population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year - P2 less than or equal to 0 greater than 0 Ho P1 Ha P1 P2 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year .80 X Previous Year .77 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. Previous Year p-value = 0.0166 Using a 0.05 level of significance, what is your conclusion? We can conclude that there…
Report an appropriate hypothesis test for a positive linear relationship and use a 5% significance level. Explain the potential error in words, in context. In the answer options below I have used the phrase “a certain relationship” because I don’t want to give away exactly what type of relationship it is. Group of answer choices We would be accepting that there was a certain relationship between Sale amount and Tip when actually there wasn’t. We would not be accepting that there was a certain relationship between Sale amount and Tip when indeed there wasn’t. We would not be accepting that there was a certain relationship between Sale amount and Tip when actually there was. We would be accepting that there was a certain relationship between Sale amount and Tip when indeed there was.
2. According to the website Rotten Tomatoes, 94% of people who watched the Netflix show Stranger Things liked it. Since UR students tend to be scientifically minded, we hypothesize that less than 94% of UR students like the show. Out of 219 surveyed UR students, 198 indicated they like Stranger Things. Use the built in prop.test() function to: a. Construct a 90% confidence interval for the proportion of UR students who like Stranger Things. b. Test at the a=0.10 significance level whether the proportion of students who like Stranger Things is LESS THAN 0.94. What conclusion do you reach?
15. Pain after surgery: In a random sample of 50 patients undergoing a standard surgical procedure, 15 required medication for postoperative pain. In a random sample of 90 patients undergoing a new procedure, only 16 required pain medication. a. Construct a 95% confidence interval for the difference in the proportions of patients needing pain medication between the old and new procedures. b. A physician claims that the proportion of patients who need pain medication is the same for both procedures. Does the confidence interval contradict this claim? 16
option d. for the last question is D. The P-value is greater than the level of significance so there is not sufficient evidence to conclude the new system is effective.
When you hold the mouse pointer over a point on the graph, the specific value corresponding to that point appears (e.g., “California, 2013 - 19.4%”) as well as a line called “90% Confidence” followed by an range of values. Generally speaking, what does the range of values denoted by “90% Confidence” indicate?
Find a 95% confidence interval for the percentage of stocks with a gain.

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