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Concept explainers
An important quality characteristic used by the manufacturer of Boston and Vermont asphalt shingles is the amount of moisture the shingles contain when they are packaged. Customer may feel that they have purchased a product lacking in quality if they find moisture and wet shingles inside the packaging. In some cases, excessive moisture can cause the granules attached to the shingles for texture and coloring purposes to fall of the shingles, resulting in appearance problems. To monitor the amount of moisture present, the company conducts moisture tests. A shingles is weighed and then dried. The shingle is then reweighed, and, based on the amount of moisture taken out of the product, the pounds of moisture per 100 square feet are calculated. The company would like to show that the
a. For the Boston shingles, is there evidence at the 0.05 level of significance that the population mean moisture content is less than 0.35 pounds per 100 square feet?
b. Interpret the meaning of the p-value in (a).
c. For the Vermont shingles, is there evidence at the 0.05 level of significance that the population mean moisture content is less than 0.35 pounds per 100 square feet?
d. Interpret the meaning of the p-value in (c).
e. What assumption about the population distribution is needed in order to conduct the t tests in (a) and (c)?
f. Construct histograms, boxplot, or normal probability plots to evaluate the assumption made in (a) and (c).
g. Do you think that the assumption needed in order to conduct the t tests in (a) and (c) is valid? Explain.
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Chapter 9 Solutions
EBK BASIC BUSINESS STATISTICS
- 7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forwardJoy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forward
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- Clint, obviously not in college, sleeps an average of 8 hours per night with a standard deviation of 15 minutes. What's the chance of him sleeping between 7.5 and 8.5 hours on any given night? 0-(7-0) 200 91109s and doiw $20 (8-0) mol 8520 slang $199 galbrog seam side pide & D (newid se od poyesvig as PELEO PER AFTE editiw noudab temand van Czarrow_forwardTimes to complete a statistics exam have a normal distribution with a mean of 40 minutes and standard deviation of 6 minutes. Deshawn's time comes in at the 90th percentile. What percentage of the students are still working on their exams when Deshawn leaves?arrow_forwardSuppose that the weights of cereal boxes have a normal distribution with a mean of 20 ounces and standard deviation of half an ounce. A box that has a standard score of o weighs how much? syed by ilog ni 21arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillElementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
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