STATISTICAL TECHNIQUES FOR BUSINESS AND
STATISTICAL TECHNIQUES FOR BUSINESS AND
17th Edition
ISBN: 9781307261158
Author: Lind
Publisher: MCG/CREATE
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Chapter 17, Problem 2E
To determine

Develop a simple index for earnings per share for years 2004 through 2015 using 2003 as the base.

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To  evaluate  the  success  of  a  1-year  experimental  program  designed  to  increase  the  mathematical achievement of underprivileged high school seniors, a random sample of participants in the program will be selected and their mathematics scores will be compared with the previous year’s  statewide  average  of  525  for  underprivileged  seniors.  The  researchers  want  to  determine  whether the experimental program has increased the mean achievement level over the previous year’s statewide average. If alpha=.05, what sample size is needed to have a probability of Type II error of at most .025 if the actual mean is increased to 550? From previous results, sigma=80.
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