Fundamentals of Statistics Plus MyLab Statistics with Pearson eText - Title-Specific Access Card Package (5th Edition)
5th Edition
ISBN: 9780134763729
Author: Michael Sullivan III
Publisher: PEARSON
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Chapter 8, Problem 1CT
To determine
To state: The central limit theorem.
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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 8 Solutions
Fundamentals of Statistics Plus MyLab Statistics with Pearson eText - Title-Specific Access Card Package (5th Edition)
Ch. 8.1 - The _____ _____ of the sample mean, x, is the...Ch. 8.1 - Suppose a simple random sample of size n is drawn...Ch. 8.1 - The standard deviation of the sampling...Ch. 8.1 - True or False: The distribution of the sample...Ch. 8.1 - True or False: The distribution of the sample...Ch. 8.1 - True or False: To cut the standard error of the...Ch. 8.1 - A simple random sample of size n = 10 is obtained...Ch. 8.1 - A simple random sample of size n = 40 is obtained...Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - In Problems 912, determine x and x from the given...
Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - In Problems 912, determine x and x from the given...Ch. 8.1 - Answer the following questions for the sampling...Ch. 8.1 - Answer the following questions for the sampling...Ch. 8.1 - A simple random sample of size n = 49 is obtained...Ch. 8.1 - A simple random sample of size n = 36 is obtained...Ch. 8.1 - A simple random sample of size n = 12 is obtained...Ch. 8.1 - A simple random sample of size n = 20 is obtained...Ch. 8.1 - NW Gestation Period The length of human...Ch. 8.1 - Upper Leg Length The upper leg length of 20- to...Ch. 8.1 - Reading Rates The reading speed of second grade...Ch. 8.1 - Old Faithful The most famous geyser in the world....Ch. 8.1 - Rates of Return in Stocks The SP 500 is a...Ch. 8.1 - Winning Poker A very good poker player is expected...Ch. 8.1 - NW Oil Change The shape of the distribution of the...Ch. 8.1 - Time Spent in the Drive-Through The...Ch. 8.1 - Insect Fragments The Food and Drug Administration...Ch. 8.1 - Burger Kings Drive-Through Suppose that cars...Ch. 8.1 - Watching Television The amount of time Americans...Ch. 8.1 - ATM Withdrawals According to Crown ATM Network,...Ch. 8.1 - Sampling Distributions The following data...Ch. 8.1 - Sampling Distributions The following data...Ch. 8.1 - Putting It Together: Playing Roulette In the game...Ch. 8.1 - Explain what a sampling distribution is.Ch. 8.1 - State the Central Limit Theorem.Ch. 8.1 - We assume that we are obtaining simple random...Ch. 8.1 - Without doing any computation, decide which has a...Ch. 8.1 - For the three probability distributions shown,...Ch. 8.1 - Suppose Jack and Diane are each attempting to use...Ch. 8.1 - Sleepy Suppose you want to study the number of...Ch. 8.1 - Sleepy Again Suppose you want to study the number...Ch. 8.1 - Bull Markets A bull market is defined as a market...Ch. 8.2 - In a town of 500 households, 220 have a dog. The...Ch. 8.2 - The _____ _____, denoted p, is given by the...Ch. 8.2 - True or False: The population proportion and...Ch. 8.2 - True or False: The mean of the sampling...Ch. 8.2 - Describe the circumstances under which the shape...Ch. 8.2 - What happens to the standard deviation of p as the...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - In Problems 710, describe the sampling...Ch. 8.2 - A simple random sample of size n = 75 is obtained...Ch. 8.2 - A simple random sample of size n = 200 is obtained...Ch. 8.2 - Prob. 13AYUCh. 8.2 - A simple random sample of size n = 1460 is...Ch. 8.2 - Foreign Language According to a study done by...Ch. 8.2 - Are You Satisfied? According to a study done by...Ch. 8.2 - NW Marriage Obsolete? According to a study done by...Ch. 8.2 - Credit Cards According to creditcard.com, 29% of...Ch. 8.2 - Afraid to Fly According to a study conducted by...Ch. 8.2 - Having Children? The Pew Research Center recently...Ch. 8.2 - Election Prediction Exit polling is a popular...Ch. 8.2 - Acceptance Sampling A shipment of 50,000...Ch. 8.2 - Social Security Reform A researcher studying...Ch. 8.2 - Prob. 24AYUCh. 8.2 - Reincarnation Suppose 21% of all American teens...Ch. 8.2 - Assessments Consider the homeowners association...Ch. 8.2 - Airline Reservations In Chapter 6, We learned that...Ch. 8.2 - Finite Population Correction Factor In this...Ch. 8.2 - Fumbles The New England Patriots made headlines...Ch. 8 - In your own words, explain what a sampling...Ch. 8 - Prob. 2RECh. 8 - Under what conditions is the sampling distribution...Ch. 8 - Prob. 4RECh. 8 - Energy Need during Pregnancy The total energy need...Ch. 8 - Copper Tubing A machine at KA Tube Manufacturing...Ch. 8 - Number of Televisions Based on data obtained from...Ch. 8 - Entrepreneurship A Gallup survey indicated that...Ch. 8 - Advanced Degrees According to the U.S. Census...Ch. 8 - Variability in Baseball Suppose, during the course...Ch. 8 - Prob. 1CTCh. 8 - Prob. 2CTCh. 8 - The charge life of a certain lithium ion battery...Ch. 8 - A machine used for filling plastic bottles with a...Ch. 8 - Prob. 5CTCh. 8 - Prob. 6CTCh. 8 - Prob. 7CTCh. 8 - Using statistical software, generate 250 samples...Ch. 8 - Prob. 2CSCh. 8 - Prob. 3CSCh. 8 - Prob. 4CSCh. 8 - Prob. 5CSCh. 8 - Prob. 6CSCh. 8 - Prob. 7CSCh. 8 - Prob. 8CSCh. 8 - Prob. 9CSCh. 8 - Prob. 10CSCh. 8 - Prob. 11CSCh. 8 - Prob. 12CSCh. 8 - Repeat parts 11 and 12 for samples of size 20...Ch. 8 - Prob. 14CSCh. 8 - How do the averages of your sample means compare...Ch. 8 - Prob. 16CSCh. 8 - Prob. 17CSCh. 8 - Construct histograms for each column of summary...Ch. 8 - Prob. 19CS
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