2. The management of a supermarket wants to adopt a new promotional policy of giving a free giftto every customer who spends more than a certain amount per visit at this supermarket. Theexpectation of the management is that after this promotional policy is advertised, theexpenditures for all customers at this supermarket will be normally distributed with a mean of$110 and a standard deviation of $20. If the management decides to give free gifts to all thosecustomers who spend more than $150 at this supermarket during a visit, what percentage of thecustomers are expected to get free gifts?

Expenditure for all customers at this supermarket are normally distributed with a mean 110 and a…

Answered: The management of a supermarket wants…

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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You hypothesize that people in stats classes are happier than people in all other classes. You compare happiness scores in three of your classes: Statistics, Developmental Psychology, and Social Psychology. In Statistics there are 15 students and the mean happiness rating is 23.1 with a standard deviation of 9.78. In Developmental Psychology there are 15 students and the mean happiness rating is 24.4 with a standard deviation of 2.92. In Social Psychology there are 15 students with a mean rating of 17.7 and standard deviation of 8.46. The sum of squares between groups is equal to 384. The sum of squares within groups is equal to 2461. Use the One-Way ANOVA calculation table to help calculate. What is the degrees of freedom between samples?
Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks. The scores on the questionnaire are approximately normally distributed with a mean of 49 and a standard deviation of 16 . The customers with scores in the bottom 5% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns of lunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch. A survey of 25 customers sampled at one of the restaurants found the average lunch bill per customer to be ?¯=$14.50 . Based on previous surveys, the restaurant informs the marketing manager that the standard deviation is ?=$3.50 . To address the CEO’s conjecture, the marketing manager carried out a hypothesis test of ?0:?=13.50 vs. ??:?>13.50 and obtained a ?‑value = 0.77. The marketing chooses a significance level of ?=0.10. If he uses this significance level throughout his work, how often will he reject a true null hypothesis? Group of answer choices a.He will reject 10% of all true null hypotheses. b. He will reject 1% of all true null hypotheses. c. He will reject 5% of all true null hypotheses. d. He will not reject 10% of all true null…
Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks. The scores on the questionnaire are approximately normally distributed with a mean of 51 and a standard deviation of 15 . The customers with scores in the bottom 10% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
You hypothesize that people in stats classes are happier than people in all other classes. You compare happiness scores in three of your classes: Statistics, Developmental Psychology, and Social Psychology. In Statistics there are 15 students and the mean happiness rating is 23.1 with a standard deviation of 9.78. In Developmental Psychology there are 15 students and the mean happiness rating is 24.4 with a standard deviation of 2.92. In Social Psychology there are 15 students with a mean rating of 17.7 and standard deviation of 8.46. The sum of squares between groups is equal to 384. The sum of squares within groups is equal to 2461. Use the One-Way ANOVA calculation table to help calculate. What is the degrees of freedom within samples?
You are interested in seeing whether emotions impact decision making. You have three groups--a happy group, a sad group, and a neutral group. For the happy group there are 5 participants and the mean risky decision making score 5.0 with a standard deviation of 0.7. For the sad group there are 5 participants and the mean risky decision making score 5.4 with a standard deviation of 1.1. For the neutral group there are 5 participants and the mean risky decision making score 5.8 with a standard deviation of 2.8. The sum of squares between samples is equal to 1.6. The sum of squares within samples is equal to 38.0. You calculated the f-ratio above. The corresponding p-value for the f-ratio you calculated is p = 0.78. Is this finding significant?
Miranda and Karla began arguing about who did better on their tests, but they couldn't decide who did better given that they took different tests. Miranda took a test in Social Studies and earned a 71.4, and Karla took a test in Art History and earned a 60.9. Use the fact that all the students' test grades in the Social Studies class had a mean of 75.3 and a standard deviation of 10.7, and all the students' test grades in Art History had a mean of 66.4 and a standard deviation of 10.3 to answer the following questions.a) Calculate the z-score for Miranda's test grade.z=b) Calculate the z-score for Karla's test grade.z=c) Which person did relatively better? Miranda Karla They did equally well.
Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks. The scores on the questionnaire are approximately normally distributed with a mean of 50 and a standard deviation of 14. The customers with scores in the bottom 15% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
Logan and Brian began arguing about who did better on their tests, but they couldn't decide who did better given that they took different tests. Logan took a test in Art History and earned a 76.8, and Brian took a test in English and earned a 68.9. Use the fact that all the students' test grades in the Art History class had a mean of 71.9 and a standard deviation of 11.6, and all the students' test grades in English had a mean of 61 and a standard deviation of 9.4 to answer the following questions.a) Calculate the z-score for Logan's test grade.z=z= [Round your answer to two decimal places.] b) Calculate the z-score for Brian's test grade.z=z= [Round your answer to two decimal places.]c) Which person did relatively better? Logan Brian They did equally well.
Lucille, Rocio, and Cristina are all taking College Mathematics but from different professors. They all recently took a statistics exam and the exam scores were normally distributed in each of their classes. • Lucille's class had an average grade of 78 and the standard deviation was 7. Lucille earned 83.95 on the exam. • Rocio's class had an average grade of 82 and the standard deviation was 3. Rocio earned 86.5 on the exam. • Cristina's class had an average grade of 76 and the standard deviation was 4. Cristina earmed 82.8 on the exam. Since some professors give harder exams than others, these students decided to use statistics to figure out who did the best on their exam. Use the Cumulative Z-Score Table to answer the following questions. Write your answers as a percent with two decimal places. Hint • Lucille's score places her above % of her class. • Rocio's score places her above % of her class. • Cristina's score places her above % of her class.
Two groups of students took the same test. Group A is having a mean of 60 marks and a standard deviation of 5 markS. Group B is having a mean of 60 marks and a standard deviation of 10 marks. Which of the statements below is correct? A. Group A students have a wider spread in performance than that in group B B. Group B students have a wider spread in performance than that in group A C. Group A students have the same spread in performance than that in group B D. None of the above A
banana state issued a law that prohibits selling cigarettes to underaged citizens who are under 18 years old. The major of the banana tries to investiagte to what extend citizens follow the rule in his country empricially. He does not want to check all the selling records in his state, instead he picked randomly some selling records seen as follows: 18 34 15 45 19 17 45 49 32 16 Help him to conduct an statistical analysis to check citizen follows the law. Interpret the results.

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