MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- 5.28 Risks and insurance. The idea of insurance is that we all face risks that are unlikely but carry high cost. Think of a fire destroying your home. So we form a group to share the risk: we all pay a small amount, and the insurance policy pays a large amount to those few of us whose homes burn down. An insurance company looks at the records for millions of homeowners and sees that the mean loss from fire in a year is μ = $250 per house and that the standard deviation of the loss is σ = $1000. (The distribution of losses is extremely right-skewed: most people have $0 loss, but a few have large losses.) The company plans to sell fire insurance for $250 plus enough to cover its costs and profit. If the company sells 25,000 policies, what is the approximate probability that the average loss in a year will be greater than $270?arrow_forwardAccording to the U.S. Department of Transportation’s Air Travel Consumer Report, the nation’s 12 largest airlines recorded an on-time arrival percentage of 77.4% in 2001. Of interest is to estimate the mean delay time for the 22.6% of all flights that did not arrive on time during 2013. A simple random sample of 28 late arriving flights was selected, and the mean delay time of this sample of 28 flights was 14.2 minutes, with a sample standard deviation of s= 6.4 minutes. Use this information to calculate and interpret a 98% confidence interval for the mean delay time for all flights that did not arrive on time during 2013.arrow_forwardA purchasing manager for a large university is investigating which brand of LCD projector to purchase to equip their classrooms. Of major concern is the longevity of the light bulbs used in the projectors. The purchasing manager has narrowed down the choice of projector to two brands, Infocus and Proxima, and wishes to determine if there is any difference between the two brands in the mean lifetime of the bulbs used. The purchasing manager obtained eight projectors of each brand for testing over the last several academic terms. The number of hours the bulbs lasted on each of the eight projectors is given in the table. Lifetimes of light bulbs (hours) Infocus 745, 955, 1085, 756, 901, 839, 858, 931 Proxima 1012, 988, 957, 920, 878, 1130, 657, 743 Send data to calculator Assume that the two populations of lifetimes are normally distributed and that the population variances are equal. Can we conclude, at the 0.01 level of significance, that u, the mean lifetime of light bulbs in Infocus…arrow_forward
- A random sample of five observations from three normally distributed populations produced the following data: (You may find it useful to reference the F table.) (table is the screenshot picture) a. Calculate the grand mean. (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) b. Calculate SSTR and MSTR. (Round intermediate calculations to at least 4 decimal places and final answers to 4 decimal places.) c. Calculate SSE and MSE. (Round intermediate calculations to at least 4 decimal places and final answers to 4 decimal places.) d. Specify the competing hypotheses in order to determine whether some differences exist between the population means. _H0: μA = μB = μC; HA: Not all population means are equal. _H0: μA ≤ μB ≤ μC; HA: Not all population means are equal. _H0: μA ≥ μB ≥ μC; HA: Not all population means are equal. e-1. Calculate the value of the F(df1, df2) test statistic. (Round intermediate calculations to at least 4 decimal…arrow_forwardQ3: From the below Table, answer the following questions: NO Age Gender Salary 1001 20 1002 1003 22 30 1004 25 1005 34 1006 35 1007 38 1008 35 1009 30 M F F M F M F M 280 300 450 310 320 340 350 500 450 1)Trimmed mean 5% of age variable= 2) Interquartile Range of salary variable = 3) Variance of age variable = 4) Mean of salary variable = 5) represent the Gender variable by pie chart, showing the frequencies on it.arrow_forwardConsider two sets of data, X and Y, with n = 10 observations each. If the mean ranks for X and Y are 6 and 5, respectively, what is the test statistic for the Wilcoxon Signed-Ranks test on these two sets of data?arrow_forward
- 9.15 HPV infections in women. Human papillomavirus (HPV) infection is the most common sexually transmitted infection. Certain types of HPV can cause genital warts in both men and women and cervical cancer in women. The U.S. National Health and Nutrition Examination Survey (NHANES) contacted a representative sample of 1921 women between the ages of 14 and 59 years and asked them to provide a self-collected vaginal swab specimen. Of these specimens, 515 tested positive for HPV, indicating a current HPV infection. a. Give the probability, risk, and odds that a randomly selected American woman between the ages of 14 and 59 years has a current HPV infection. b. The survey broke down the data by age group: Age group (years) 14–19 20-24 25–29 30–39 40-49 50–59 Percent HPV positive 24.5 44.8 27.4 27.5 25.2 19.6 Give the risk and the odds of being HPV positive for women in each age group. Which age group has the highest risk, and has the highest odds, of testing positive for HPV?arrow_forwardA particular paper included the accompanying data on the tar level of cigarettes smoked for a sample of male smokers who subsequently died of lung cancer. Assume it is reasonable to regard the sample as representative of male smokers who die of lung cancer. Is there convincing evidence that the proportion of male smoker lung cancer deaths is not the same for the four given tar level categories at the ? = .05 level? (Use 2 decimal places.) Tar Level Frequency 0-7 129 8-14 324 15-21 543 22 153 ?2 = P-value interval p < 0.0010.001 ≤ p < 0.01 0.01 ≤ p < 0.05 0.05 ≤ p < 0.10 p ≥ 0.10arrow_forward4. 0 There is some indication that as countries' levels of literacy increases, authoritarian tendencies decline among the population. The following data show literacy (measured in number of literate people per 10 people) and authoritarian scores on a standard authoritarinaism- measuring scale from 8 countries. The data are: Xiiteracy : 9.2, 7.5, 8.8, 6.5, 4.3, 5.9, 9.7, 8.5 XAuth: 2.1, 3.4, 2.5, 7.3, 8.9, 5.7, 1.3, 2.5 Is there a reliable relationship between the two variables? If yes, what would the predicted authoritarian score of a country where only quarter of the country is literate? What about for a country where the literacy rate is %100? Use alpha = .05.arrow_forward
- Dr. Maddan's eye drops are supposed to cause significant reduction is eye redness. The following table shows the results of a recent study where a random sample of individuals took part in a placebo controlled study. No Reduction in Redness Reduction in Redness Total Eye Drops 120 220 340 No Eye Drops Total 120 140 260 240 360 600 With 5% level of significance, determine if eye redness reduction is dependent upon taking the eye drops. Provide, a. the Chi-square statistic. b. the critical value or the p-value. c. Your decision on whether or not to reject Ho.arrow_forwardSuppose a researcher is interested in the effectiveness of a new novel talk therapy technique in reducing overall depression as identified via score report on the geriatric depression scale (GDS). In order to carry out this hypothesis, the researcher gathers a SRS of participants in the program and performs the GDS test prior to, and after initiation of the new therapy technique. Assume the SRS score report presented below represents an approximately normal distribution. Participant GDS Score (Out of 15) Prior to intervention GDS Score (Out of 15) Following intervention A 12 8 B 13 7 C 12 7 D 14 9 E 11 6 F 11 7 A) What type of study design is this? B) Conduct a paired sample t test investigating the effectiveness of the new therapy technique with 95% confidence. Write out your null and alternative hypotheses, and interpret your pvalue correctly. C) Construct a 95% confidence interval representing the average difference…arrow_forwardCompute the mean and standard deviation of the time spent for studying andcurrent CGPA for male and female.arrow_forward
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