Current Attempt in Progress A news report states that sales of U.S. homes declined 3% during the previous month. Which type of business would be most likely to include this information in their business decisions? gas and oil companies O deli stores O car manufacturer
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Q: cant see the whole problem
A: population proportion(p) = 0.20
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- There is some evidence that, in the years 1981— 85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v.6 pp. 320— 35, 1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.76%, with a standard deviation of 0.12%. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a)According to Chebyshev's theorem,…A medical researcher says that less than 74%of adults in a certain country think that healthy children should be required to be vaccinated. In a random sample of 600adults in that country, 71% think that healthy children should be required to be vaccinated. At α=0.01, is there enough evidence to support the researcher's claim? Complete parts (a) through (e) below. (a) Identify the claim and state H0 andHa. Identify the claim in this scenario. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal. Do not round.) Fill the percentage on the correct answer A. % of adults in the country think that healthy children should be required to be vaccinated. B. Less than %of adults in the country think that healthy children should be required to be vaccinated. C. The percentage of adults in the country who think that healthy children should be required to be vaccinated is not %. D. More than…A laundry detergent company wants to determine if a new formula of detergent, A, cleans better than the original formula, B. Researchers randomly assign 500 pieces of similarly soiled clothes to the two detergents, putting 250 pieces in each group. After washing the clothes, independent reviewers determine the cleanliness of the clothes on a scale of 1–10, with 10 being the cleanest. The researchers calculate the proportion of clothes in each group that receive a rating of 7 or higher. For detergent A, 228 pieces of clothing received a 7 or higher. For detergent B, 210 pieces of clothing received a rating of 7 or higher. Assuming the conditions for inference are met, what is the 90% confidence interval for the difference in proportions of clothes that receive a rating of 7 or higher for the two detergents?
- A laundry detergent company wants to determine if a new formula of detergent, A, cleans better than the original formula, B. Researchers randomly assign 500 pieces of similarly soiled clothes to the two detergents, putting 250 pieces in each group. After washing the clothes, independent reviewers determine the cleanliness of the clothes on a scale of 1–10, with 10 being the cleanest. The researchers calculate the proportion of clothes in each group that receive a rating of 7 or higher. For detergent A, 228 pieces of clothing received a 7 or higher. For detergent B, 210 pieces of clothing received a rating of 7 or higher. Assuming the conditions for inference are met, what is the 90% confidence interval for the difference in proportions of clothes that receive a rating of 7 or higher for the two detergents? Find the z-table here.A laundry detergent company wants to determine if a new formula of detergent, A, cleans better than the original formula, B. Researchers randomly assign 500 pieces of similarly soiled clothes to the two detergents, putting 250 pieces in each group. After washing the clothes, independent reviewers determine the cleanliness of the clothes on a scale of 1–10, with 10 being the cleanest. The researchers calculate the proportion of clothes in each group that receive a rating of 7 or higher. For detergent A, 228 pieces of clothing received a 7 or higher. For detergent B, 210 pieces of clothing received a rating of 7 or higher. Based on the 90% confidence interval, (0.02, 0.12), is there convincing evidence that the new formula of laundry detergent is better? A) There is convincing evidence because the interval is entirely above 0. B) There is not convincing evidence because the sample sizes are too small. C) There is convincing evidence because the number of clothing items receiving a…Q15) A cookie jar containts 15 chocolate chip and 5 oatmeal cookies. If 3 cookies are randomly selected, what is the probablity at least one is an oatmeal cookie? (Find TWO METHODS to calculate this problem, and show the work)
- An agricultural scientist tests six types of fertilizer, labeled A, B, C, D, E, and F, to determine whether any of them produces an increase in the yield of lima beans over that obtained with the current fertilizer. For fertilizer C, the increase in yield is statistically significant at the 0.05 level. For the other five, the increase is not statistically significant. The scientist concludes that the yield obtained with fertilizer C is greater than that of the current fertilizer. Explain why this conclusion is not justified.There is some evidence that, in the years−198185, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v. 6, pp.−32035,1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.86 %, with a standard deviation of 0.10%. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. According to Chebyshev's theorem, at least 84%…There is some evidence that, in the years −198185 , a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v. 6 , pp. −32035,1987 .) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.89 %, with a standard deviation of 0.16 %. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a)…
- A foreign car manufacturer advertises that its newest model, the Bullet, rarely stops at gas stations. In fact, they claimed that its EPA rating for highway driving is at least 32.5 mpg. However, the results of a recent independent study determined the mpg for 50 identical models of the Bullet, with these results: n = 50, x= 30.4 mpg, and s = 5.3 mpg.This report failed to offer any conclusion, and you have been asked to interpret these results by someone who has always felt that the 32.5 figure is too high. What would be your conclusion using a significance level of 5%?Z = 1.645In a winter with a flu epidemic, a well-known pharmaceutical company studied 2,000 babies to determine if the company's new drug was effective after two days. Among 120 babies who had the flu and were given the drug, 29 were cured within two days. Among 280 babies who had the flu but were not given the drug, 56 were cured within two days. Is there any significant indication to support the company's claim of the drug's effectiveness? Note:The exercise in the image is the original, it is in Spanish, but it is easy to understand.To determine the effectiveness of an oil additive, a testing firm purchased two cars of the same make, year, and model, and drove each a distance of 30,000 miles using the same kind of gasoline, the same kind of oil, the same driver, under the same road conditions. The oil in one engine included the additive, whereas the oil in the other engine did not. At the end of the test, the engines of both cars were dismantled, and it was found that the engine that contained the additive had less wear. The testing firm concluded that the oil additive caused the reduced wear.
