MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Suppose that 6 people sign up for a weight loss program. You collect their weights before and after the program: The lower bound for the 95% Confidence Interval is ........... (round your answer to three decimal places). Person Before After 1 136 125 2 205 195 3 157 150 4 138 140 5 175 165 6 166 160arrow_forwardSuppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.7. A financial advisor believes that the proportion is actually less than 0.7. A survey of 36 investors found that 24 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, H,, and the alternative hypothesis, H,. Ho H,: (Type integers or decimals. Do not round.)arrow_forward12. Determine whether or not the given data sets are correlated at 0.01 level of confidence: x 0 2 3 5 6 6y 5.8 5.7 5.2 2.8 1.9 2.2Use the formal hypothesis test method. please show how to solve it. no excel pleasearrow_forward
- Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.6. A financial advisor believes that the proportion is actually less than 0.6. A survey of 32 investors found that 20 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, H,, and the alternative hypothesis, H,. Ho H,: (Type integers or decimals. Do not round.) Compute the test statistic. (Round to two decimal places as needed.) Find the p-value for the test. (Round to three decimal places as needed.) State the conclusion at the 0.05 level of significance. The p-value is the chosen value of a, so V the null hypothesis. There is evidence to conclude that the proportion of investors who are risk-averse is not at least 0.6.arrow_forward6. A researcher takes a sample of people, and asks them how they would vote for president. When she creates her confidence interval, she has a standard error of .082. If she wanted to get a smaller standard error, what could she do? Group of answer choices Ask a different research question. Take a smaller sample. Take a larger sample. None of the above would create a smaller standard error.arrow_forwardNear the time of an election, a cable news service performs an opinion poll of 1,000 probable voters. It shows that the Republican contender has an advantage of 54% to 48%. a. Develop a 95% confidence interval for the proportion favoring the Republican candidate. b. Estimate the probability that the Democratic candidate is actually leading. c. Repeat the above analysis based on a sample of 2,000 probable voters.arrow_forward
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