EBK STATISTICAL TECHNIQUES IN BUSINESS
EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 8, Problem 22CE

a.

To determine

Find the standard error of the mean.

b.

To determine

Find the chance that HLI will find a sample mean between 5 and 6 hours.

c.

To determine

Find the probability that the sample mean will be between 5.3 and 5.7 hours.

d.

To determine

Find the strangeness of a sample mean greater than 6.5 hours.

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(b) In various places in this module, data on the silver content of coins minted in the reign of the twelfth-century Byzantine king Manuel I Comnenus have been considered. The full dataset is in the Minitab file coins.mwx. The dataset includes, among others, the values of the silver content of nine coins from the first coinage (variable Coin1) and seven from the fourth coinage (variable Coin4) which was produced a number of years later. (For the purposes of this question, you can ignore the variables Coin2 and Coin3.) In particular, in Activity 8 and Exercise 2 of Computer Book B, it was argued that the silver contents in both the first and the fourth coinages can be assumed to be normally distributed. The question of interest is whether there were differences in the silver content of coins minted early and late in Manuel’s reign. You are about to investigate this question using a two-sample t-interval. (i) Using Minitab, find either the sample standard deviations of the two variables…
Homework Let X1, X2, Xn be a random sample from f(x;0) where f(x; 0) = (-), 0 < x < ∞,0 € R Using Basu's theorem, show that Y = min{X} and Z =Σ(XY) are indep. -
Homework Let X1, X2, Xn be a random sample from f(x; 0) where f(x; 0) = e−(2-0), 0 < x < ∞,0 € R Using Basu's theorem, show that Y = min{X} and Z =Σ(XY) are indep.
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