Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution. 93 171 130 99 75 94 116 100 85     (a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) x =    thousand dollars s =    thousand dollars (b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.) lower limit         thousand dollars upper limit         thousand dollars

practice question #6. Below are sampling distributions for two statistics that are being used to estimate the value of a population characteristic. A. If the true value of the population characteristic is 20, which statistic would be unbiased? _______________________ B. Which of the statistics has the smallest standard error?

An economist wonders if corporate productivity in some countries is more volatile than in other countries. One measure of a company's productivity is annual percentage yield based on total company assets.A random sample of leading companies in France gave the following percentage yields based on assets. 4.6 5.4 3.4 3.1 2.4 3.5 2.8 4.4 5.7 3.4 4.1 6.8 2.9 3.2 7.2 6.5 5.0 3.3 2.8 2.5 4.5 Use a calculator to verify that the sample variance is s2 ≈ 2.109 for this sample of French companies.Another random sample of leading companies in Germany gave the following percentage yields based on assets. 3.3 3.2 3.2 4.1 5.4 5.5 5.0 5.4 3.2 3.5 3.7 2.6 2.8 3.0 3.0 2.2 4.7 3.2 Use a calculator to verify that s2 ≈ 1.077 for this sample of German companies.Test the claim that there is a difference (either way) in the population variance of percentage yields for leading companies in France and Germany. Use a 5% level of significance. How could your test conclusion relate to the…

Tourism is extremely important to the economy of Florida. Hotel occupancy is an often-reported measure of visitor volume and visitor activity (Orlando Sentinel, May 19, 2018). Hotel occupancy data for February in two consecutive years are as follows. Current Year 1,476 1,800 Occupied Rooms Total Rooms 1,422 1,800 a. Formulate the hypothesis test that can be used to determine whether there has been an increase in the proportion of rooms occupied over the one-year period. Let P₁= population proportion of rooms occupied for current year P2 population proportion of rooms occupied for previous year - P2 less than or equal to 0 greater than 0 Ho P1 Ha P1 P2 b. What is the estimated proportion of hotel rooms occupied each year (to 2 decimals)? Current year .80 X Previous Year .77 c. Conduct a hypothesis test. What is the p-value (to 4 decimals)? Use Table 1 from Appendix B. Previous Year p-value = 0.0166 Using a 0.05 level of significance, what is your conclusion? We can conclude that there…