Intro Stats
4th Edition
ISBN: 9780321826275
Author: Richard D. De Veaux
Publisher: PEARSON
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Chapter 3, Problem 21E
a.
To determine
Find the
b.
To determine
Find the
c.
To determine
Give a brief description based on 5 number summary.
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Consider the following hypothesis test.
The following results are for two independent samples taken from the two populations.
Sample 1
Sample 2
n 1 = 80
n 2 = 70
x 1 = 104
x 2 = 106
σ 1 = 8.4
σ 2 = 7.6
What is the value of the test statistic? If required enter negative values as negative numbers (to 2 decimals).
What is the p-value (to 4 decimals)? Use z-table.
With = .05, what is your hypothesis testing conclusion?
Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). Higher ratings on the client satisfaction survey indicate better service with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use = .05 and test to see whether the consultant with more experience has the higher population mean service rating.
Consultant A
Consultant B
= 16
= 10
= 6.82
= 6.25
= .64
= .75
State the null and alternative hypotheses.H0: 1 - 2 Ha: 1 - 2
Compute the value of the test statistic (to 2 decimals).
What is the p-value?The p-value is
What is your conclusion?
A firm paid its first annual dividend yesterday in the amount of $.15 per share. The company plans to double the dividend in each of the next 3 years. Starting in Year 4, the firm plans to pay $1.50 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 13.8 percent?
Multiple Choice
$11.79
$8.92
$10.77
$11.02
$10.26
Chapter 3 Solutions
Intro Stats
Ch. 3.2 - Prob. 1JCCh. 3.2 - Prob. 2JCCh. 3.2 - Prob. 3JCCh. 3.2 - Prob. 4JCCh. 3.2 - Prob. 5JCCh. 3.7 - The U.S. Census Bureau reports the median family...Ch. 3.7 - Prob. 7JCCh. 3.7 - Prob. 8JCCh. 3 - Prob. 1ECh. 3 - 2. Opposites In a way, boxplots are the opposite...
Ch. 3 - Prob. 3ECh. 3 - Prob. 4ECh. 3 - Prob. 5ECh. 3 - Prob. 6ECh. 3 - Prob. 7ECh. 3 - Prob. 8ECh. 3 - Thinking about shape Would you expect...Ch. 3 - More shapes Would you expect distributions of...Ch. 3 - Prob. 15ECh. 3 - Prob. 16ECh. 3 - Prob. 17ECh. 3 - Run times One of the authors collected the times...Ch. 3 - Heart attack stays The histogram shows the lengths...Ch. 3 - 20. E-mails A university teacher saved every...Ch. 3 - Prob. 21ECh. 3 - Prob. 22ECh. 3 - Prob. 23ECh. 3 - Prob. 24ECh. 3 - Mistake A clerk entering salary data into a...Ch. 3 - Prob. 26ECh. 3 - Prob. 27ECh. 3 - Prob. 28ECh. 3 - Pizza prices The histogram shows the distribution...Ch. 3 - Neck size The histogram shows the neck sizes (in...Ch. 3 - Pizza prices again Look again at the histogram of...Ch. 3 - Neck sizes again Look again at the histogram of...Ch. 3 - Movie lengths 2010 The histogram shows the running...Ch. 3 - 34. Golf drives 2011 The display shows the average...Ch. 3 - Prob. 35ECh. 3 - Prob. 36ECh. 3 - Prob. 37ECh. 3 - Cold weather A meteorologist preparing a talk...Ch. 3 - Prob. 39ECh. 3 - Prob. 40ECh. 3 - Prob. 41ECh. 3 - The great one During his 20 seasons in the NHL,...Ch. 3 - Prob. 43ECh. 3 - Prob. 44ECh. 3 - Prob. 45ECh. 3 - Prob. 46ECh. 3 - Prob. 47ECh. 3 - Prob. 48ECh. 3 - Prob. 49ECh. 3 - Prob. 50ECh. 3 - Prob. 51ECh. 3 - Prob. 52ECh. 3 - Prob. 53ECh. 3 - Prob. 54ECh. 3 - Prob. 55ECh. 3 - ZIP codes revisited Here are some summary...Ch. 3 - Prob. 57ECh. 3 - Prob. 58ECh. 3 - Prob. 59ECh. 3 - Prob. 60E
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