Basic Business Statistics, Student Value Edition (13th Edition)
Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 11, Problem 59PS

a.

To determine

Determine whether there is a significant difference in the mean brand value among the three sectors.

b.

To determine

State the assumptions that are necessary in part (a) and comment on their validity.

c.

To determine

Perform Tukey procedure if appropriate.

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In a town with 5000 adults, a sample of 50 is selected using SRSWOR and asked their opinion of a proposed municipal project; 30 are found to favor it and 20 oppose it. If, in fact, the adults of the town were equally divided on the proposal, what would be the probability of observing what has been observed? Approximate using the Binomial distribution. Compare this with the exact probability which is 0.0418.
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Basic Business Statistics, Student Value Edition (13th Edition)

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