3. A random sample of 25 observations taken from a population that is normally distributed produced a sample mean of 58.5 and a standard deviation of 7.5. Find the critical and observed values of t for each of the following tests of hypothesis using a = 0.01. a) H₂:μ = 55 Ha:μ > 55 b) H₂:μ = 55 Ha:μ # 55 sa

The study of statistics can be intimidating, but it can also be rewarding. Describe at least two benefits to your life as a student by engaging in the study of statistics

An ethical data analyst would be least likely to Multiple Choice   check data for accuracy.   cite his/her data sources and their limitations.   acknowledge sources of financial support.   rely on consultants for all calculations.

You land a job at an online marketing/consulting firm after attaining a business degree with an emphasis in statistics. You walk into your office on the first day and there is an assignment sitting upon your desk. The firm was recently hired by ImpulseBuy Now.com (a famous online clearing house for as-seen-on-TV junk items). ImpulseBuyNow wanted to know if the amount of time spent browsing by a customer at their online site associates to how many items the customer purchased. Sound familiar? Realizing that you listed a statistical emphasis in your business degree, you panic and pull out your old statistics notes as to find this unit in the study guide. What luck! You must figure out what to tell ImpulseBuy Now about their question. Here is the data provided by ImpulseBuy Now: Browse Time (min.) 0-10 11-20 More than 20 Browse Time (min.) 0-10 Items Purchased Zero 1000 And your final p-value is extremely small. 1500 500 One 900 Expected Values Zero 600 2600 2500 Your paycheck depends…