Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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- You are testing the null hypothesis that there is no relationship between two variables, X and Y. From your sample of n = 20, you determine that SSR = 80 and SSE 20. Complete parts (a) through (e) below. a. What is the value of FSTAT? State the hypotheses to test. Choose the correct answer below. OA H B₁50 H₁ B₁0 OC. Ho B₁ #0 H₁ = B₁ = 0 = 72 (Round to the nearest integer as needed) FSTAT = b. At the a=0.05 level of significance, what is the critical value? The critical value is 4.41 (Round to two decimal places as needed.) c. Based on your answers to (3) and (b), what statistical decision should you make? A. Reject H. There is no evidence that there is a relationship between X and Y. OB. Do not reject H. There is no evidence that there is a relationship between X and Y. OC. Do not reject H,. There is evidence that there is a relationship between X and Y D. Reject H. There is evidence that there is a relationship between X and Y. d. Compute the correlation coefficient by first…arrow_forwardWhat is the f-stat and critical value?arrow_forwardWhats Rarrow_forward
- Which of the following would be an appropriate null hypothesis? A. The mean of a population is equal to 55. B. The mean of a sample is equal to 55. OC. The mean of a population is greater than 55. OD. Only (a) and (c) are true. Question 2 of 13 Which of the following would be an appropriate alternative hypothesis? A. The mean of a population is equal to 55. OB. The mean of a sample is equal to 55. OC. The mean of a population is greater than 55. D. The mean of a sample is greater than 55. 0.2arrow_forwardI need the answer as soon as possiblearrow_forwardSuppose that one in six smartphone users have fallen prey to cyber-attack. We use a sample of 210 smartphone users. a-1. What is the expected value and the standard error of the sample proportion? Note: Round final answers to 4 decimal places. Expected value Standard error a-2. Is it appropriate to use the normal distribution approximation for the sample proportion? Yes, because np ≥ 5 and n(1 - p) ≥ 5 Yes, because n ≥ 30 No, because np ≥ 5 and n(1 - p) ≥ 5 ○ No, because n < 30 b. What is the probability that more than 20% of smartphone users in the sample have fallen prey to cyber-attack? Note: Round final answers to 4 decimal places. Probabilityarrow_forward
- identify either the similarities or the differences between Enron and the Stanley Milgrim Experiment. So, take the position either of, "this is how the Milgrim experiment explains what happened in Enron" or of, "the Milgrim experiment explains little about what transpired at Enron because it is a totally different situation in this way...". Provide at least three different pieces of evidence to illustrate your point.arrow_forwardK Conduct a test at the α = 0.05 level of significance by determining (a) the null and alternative hypotheses, (b) the test statistic, and (c) the P-value. Assume the samples were obtained independently from a large population using simple random sampling. Test whether p₁> P2. The sample data are x₁ = 116, n₁ = 244, x2 = 132, and n₂ = 313. (a) Choose the correct null and alternative hypotheses below. OA. Ho P1 P2 versus H₁: P1 P2 OB. Ho P₁ P2 versus H₁: P₁ P2 OD. Ho p₁ =0 versus H₁:.p₁ #0 (b) Determine the test statistic. Zo= (Round to two decimal places as needed.) (c) Determine the P-value. The P-value is (Round to three decimal places as needed.) What is the result of this hypothesis test? OA. Do not reject the null hypothesis because there is not sufficient evidence to conclude that p₁ #p2- OB. Do not reject the null hypothesis because there is not sufficient evidence to conclude that p₁ P2- OD. Reject the null hypothesis because there is sufficient evidence to conclude that p₁…arrow_forwardConsider the following data for a dependent variable y and two independent variables, x1 and 12. 30 12 94 47 10 109 25 18 112 51 16 178 40 94 51 19 175 75 171 36 12 118 59 13 143 77 17 212 Round your all answers to two decimal places. Enter negative values as negative numbers, if necessary. a. Develop an estimated regression equation relating Y to ¤1. Predict y if æ1 = 35. b. Develop an estimated regression equation relating y to x2. ŷ = + Predict y if x2 = 25. ŷ = c. Develop an estimated regression equation relating y to ¤1 and 2. Predict y if x1 = 35 and x2 = 25. ŷ =arrow_forward
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