7Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to testdifferent advertising approaches, it uses different media to reach potential buyers. Themean annual family income for 18 people making inquiries at the first development is$162,000, with a standard deviation of $40,000. A corresponding sample of 29 peopleat the second development had a mean of $181,000, with a standard deviation of$29,000. Assume the population standard deviations are the same.1. State the decision rule for .01 significance level: Ho: M₁ = M2; H₁:4₁ # 2. (Negativeamounts should be indicated by a minus sign. Round your answers to 3 decimalplaces.)Reject Ho if t is not between2. Compute the value of the test statistic. (Negative amount should be indicated by aminus sign. Round your answer to 2 decimal places.)Value of the teststatisticand3. At the .01 significance level, can Fairfield conclude that the population means aredifferent?(Click to select) Ho. Fairfield (Click to select) conclude that the population means aredifferent.

(1) That is, there is no evidence to conclude that population means are different That is, there…

Answered: Fairfield Homes is developing two…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…
Is 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.
Answer part c and d frq styled
Lucy recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 120 millimeters of mercury (mmHg). Lucy believes the value is actually higher. She bases her belief on a recently reported study of 19 randomly selected, elderly females. The sample mean systolic blood pressure was 132 mmHg, and the sample standard deviation was 24 mmHg. Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that μ, the population mean systolic blood pressure among elderly females, is greater than 120 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) esc (a) State the null hypothesis H and the alternative hypothesis H₁. Ho: H₁:0 (b)…
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 = $1800
Heather recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 115 millimeters of mercury (mmHg). Heather believes the value is actually higher. She bases her belief on a recently reported study of 13 randomly selected, elderly females. The sample mean systolic blood pressure was 125 mmHg, and the sample standard deviation was 25 mmHg. C Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that u, the population mean systolic blood pressure among elderly females, is greater than 115 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) state the null hypothesis Ho and the alternative hypothesis H₁. 1 H₂ : 0…
A successful basketball player has a height of 6 feet 11 inches, or 211 cm. Based on statistics from a data set, his height converts to the z score of 5.17. How many standard deviations is his height above the mean?
Tom Sevits is the owner of the Appliance Patch. Recently Tom observed a difference in the dollar value of sales between the men and women he employs as sales associates. A sample of 40 days revealed the men sold a mean of $1,400 worth of appliances per day. For a sample of 50 days, the women sold a mean of $1,500 worth of appliances per day. Assume the population standard deviation for men is $200 and for women $250. At the .05 significance level, can Mr. Sevits conclude that the mean amount sold per day is larger for the women? (a)State the null hypothesis and the alternate hypothesis. (b) What is the decision rule? (c) What is the value of the test statistic? (d) What is your decision regarding the null hypothesis? (e)What is the p-value? (f) Interpret the result. (f)Obtain the 95% confidence interval for the difference between means. Free summaries, lecture notes & exam prep
Consider the following service system. The average inter-arrival time is 10 minutes, and the standard deviation of the inter-arrival time is 10 minutes. The average processing time is 5 minutes with the standard deviation of the processing time being 6 minutes. What is the value of Iq? What is the value of I?
I gave a sample of college students a measure of anxiety. the distribution has a sample mean of 25 with a standard deviation of 8. a. what would viviana's z-score be if she scored 41? b. what would Kwame's score be if he scored 21? and What proportion of the distribution for this sample scored below Viviana's score?
A college in the northeastern United States used SAT scores to help decide which applicants to admit. To determine whether the SAT was useful in predicting success, the college examined the relationship between the SAT scores and first-year GPAs of admitted students. The average math SAT score of a sample of 200 randomly selected students was 649.5 with a standard deviation of 66.2. The average GPA of the same students was 2.63 with a standard deviation of 0.58. The correlation between GPA and math SAT score was 0.19. (a) What does the correlation of 0.19 tell us about SAT scores and GPA scores? (You need to provide two answers.)(b) Find the equation of the least squares regression line.(c) Using the equation, predict the GPA score of a person with a math SAT score of 650.(d) Using the equation, predict the GPA score for a person with a math score of 800.
Willow Road and Arroyo Seco are schools in different states. The heights of students at Willow Road have a population mean of 50.4 inches and a standard deviation of 6 inches. The heights of students at Arroyo Seco have a population mean of 54.3 inches with a standard deviation of 2.3 inches. For each school, the distribution of the heights of students is clearly bell-shaped.Elsa is a student at Willow Road and is 67 inches tall. Jane is a student at Arroyo Seco and is 59 inches tall.

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