MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- For a study conducted by the research department of a pharmaceutical company, 235 randomly selected individuals were asked to report the amount of money they spend annually on prescription allergy relief medication. The sample mean was found to be $17.80 with a standard deviation of $4.30 . A random sample of 250 individuals was selected independently of the first sample. These individuals reported their annual spending on non-prescription allergy relief medication. The mean of the second sample was found to be $18.20 with a standard deviation of $4.00 . As the sample sizes were quite large, it was assumed that the respective population standard deviations of the spending for prescription and non-prescription allergy relief medication could be estimated as the respective sample standard deviation values given above. Construct a 90% confidence interval for the difference −μ1μ2 between the mean spending on prescription allergy relief medication ( μ1 ) and the mean…arrow_forwardA company has rolled out a new process for sales people to use. They were able to go back into the company records and pull all sales data from before the roll out. Each sales person when they closed a sale had an average contract of $108 with a standard deviation of $12. During the first month after the roll out, a sample of sales showed the average contract was $116. Which statistical test could be used to see if this was a significant increase in contract size?arrow_forwardStatewide, the population as a whole watches 6.2 hours of TV per day. A random sample of 1017 senior citizens in the state reports watching an average of 5.9 hours per day, with a standard deviation of 0.7. is the difference significantarrow_forward
- In the United States, egg sizes are set by the Department of Agriculture. A "large" egg, for example, weighs between 57 and 64grams. Suppose the weights of eggs produced by hens owned by a particular farmer are approximately normally distributed with a mean of 55.8 grams and a standard deviation of 7.5 grams. What proportion of these eggs weigh less than 50grams? What percent of these eggs would be classified as large?arrow_forwardThe National Coalition on Healthcare suggests that the mean annual premium that a health insurer charges an employer for a health plan covering a family of four averaged $13,000 in 2009. A sample of 30 families of four yields a mean annual premium paid by their employer to be $13,500 with a sample standard deviation of $300. We are interested in whether the mean annual premium that a health insurer charges an employer for a health plan covering a family of four is different from $13,000 using a significance level of 0.10. Select one: a. tdata = 9.129, do not reject Ho. b. tdata = 9.129, reject Ho. c. tdata = -9.129, do not reject Ho. O d. tdata = 4.156, reject Ho.arrow_forwardIs it worth pursuing a doctoral degree in education if you already have an undergraduate degree? One way to help make this decision is to look at the mean incomes of these two groups. Suppose that 15 people with bachelor’s degrees in education were surveyed. Their mean annual salary was $31,500 with a standard deviation of $7900. Seventeen people with doctoral degrees in education were found to have a mean annual salary of $47,500 with a standard deviation of $6900. Assume that the population variances are not the same. Construct a 99% confidence interval to estimate the true difference between the mean salaries for people with doctoral degrees and undergraduate degrees in education. Let Population 1 be the salaries for people with doctoral degrees and Population 2 be the salaries for people with undergraduate degrees. Round the endpoints of the interval to the nearest whole number, if necessary.arrow_forward
- It is known that incomes from the USA follow a normal distribution with a mean of $55,000 and a standard deviation of $12,000. A researcher took a sample of 100 people in the USA and obtained a sample mean of $67,000 with a standard deviation of $18,000. What are the characteristics of the sampling distribution. A. Mean = $55,000 and Standard Deviation of the Mean = $1200 B. Mean = $55,000 and Standard Deviation of the Mean = $12000 C. Mean = $67,000 and Standard Deviation of the Mean = $569.21 D. Mean = $67,000 and Standard Deviation of the Mean = $1800arrow_forwardA marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $55 and a standard deviation of $52. Complete parts (a) and (b) below. a. Is there evidence that the population mean amount spent per year on the web site by membership member shoppers is different from $51? (Use a 0.01 level of significance.) State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round. Do not include the $ symbol in your answer.) Identify the critical value(s). The critical value(s) is/are (Type an integer or a decimal. Round to two decimal places as needed. Use a comma to separate answers as needed.) Determine the test statistic. The test statistic, 1STAT, is (Type an integer or a decimal. Round to two decimal places as needed.) State the conclusion. Ho. There is evidence that the…arrow_forwardA marketing researcher wants to estimate the mean amount spent per year ($) on a web site by membership member shoppers. Suppose a random sample of 100 membership member shoppers who recently made a purchase on the web site yielded a mean amount spent of $58and a standard deviation of $55.Complete parts (a) and (b) below. a. Is there evidence that the population mean amount spent per year on the web site by membership member shoppers is different from $51? (Use a 0.01 level of significance.) State the null and alternative hypotheses.arrow_forward
- A report about how American college students manage their finances includes data from a survey of college students. Each person in a representative sample of 793 college students was asked if they had one or more credit cards and if so, whether they paid their balance in full each month. There were 500 who paid in full each month. For this sample of 500 students, the sample mean credit card balance was reported to be $825. The sample standard deviation of the credit card balances for these 500 students was not reported, but for purposes of this exercise, suppose that it was $205. Is there convincing evidence that college students who pay their credit card balance in full each month have a mean balance that is lower than $907, the value reported for all college students with credit cards? Carry out a hypothesis test using a significance level of 0.01. State the appropriate null and alternative hypotheses. H0: ? = 907 Ha: ? < 907 H0: ? = 907 Ha: ? > 907 H0: ? < 907…arrow_forwardA study was being conducted to see if people who have no college degree have a lower mean salary than those who do have a college degree. A random sample of 70 people with no college degree was taken and their mean salary was $36,950 with a standard deviation of $4,375. A random sample of 75 people with a college degree was taken and their mean salary was $41,520 with a standard deviation of $3,415. Determine the appropriate formula and calculator function that would be used to test the claim that people with no college degree have a lower mean salary at the α = 0.05 level of significance. d T-Test sa/√n Fo Zo to = 2- SampFTest P1-P₂ 1 1 √p(1-6), + n₁ n₂ (₁-x₂)-(H₁-H₂) 51 $2 + n₁ n₂ 2-PropZTest 2-SampTTestarrow_forwardAirline companies are interested in the consistency of the number of babies on each flight, so that they have adequate safety equipment. They are also interested in the variation of the number of Babies. Suppose that an airline executive believes the standard deviation in the number of babies is 6 at the most. The airline conducts a survey. The results of the 23 flights surveyed give a samle mean of 8 with a sample standard deviation of 9. Test the executive's belief to see if it is accurate, or if it is actually greater at the a = 0.05 level. Ho:o = H:o Select an answer df = P-value = The p-value is... greater than a less than (or equal to) a This test statistic leads to a decision to... reject the null fail to reject the null accept the alternative accept the null As such, the final conclusion is that there Select an answer v sufficient evidence to conclude the standard deviation of the number of babies on airplanes is Select an answer than (?arrow_forward
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