MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 12 million dollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 20% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. million dollars X Sarrow_forwardYou may need to use the appropriate technology to answer this question. Data were collected on the top 1,000 financial advisers. Company A had 239 people on the list and another company, Company B, had 121 people on the list. A sample of 16 of the advisers from Company A and 10 of the advisers from Company B showed that the advisers managed many very large accounts with a large variance in the total amount of funds managed. The standard deviation of the amount managed by advisers from Company A was s₁ = $583 million. The standard deviation of the amount managed by advisers from Company B was s₂ = $484 million. Conduct a hypothesis test at a = 0.10 to determine if there is a significant difference in the population variances for the amounts managed by the two companies. What is your conclusion about the variability in the amount of funds managed by advisers from the two firms? State the null and alternative hypotheses. 2 2 H₂:0 2 Find the value of the test statistic. (Round your answer…arrow_forwardAccording to a recent report the battery life for a new line of laptop computers has a mean of 9 hours with a standard deviation of 2.4 hours. If battery life is normally distributed what percentage of new laptops will last between 8 and 11 hours on a single charge?arrow_forward
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- A survey reported that in a recent year, the mean serum cholesterol level in milligrams per deciliter for US adults was 204 with a standard deviation of 37. A random sample of 116 adults was chosen. Find the 33rd percentile of the sample mean.arrow_forwardSuppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 8 million dollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. 00 0 million dollars X S ? Check acer Q tab esc ! 1 9. a @ 2 W →> S #m 3 X e C d $ LAS 4 C r % 5 f t > < 6 g y & JX b 7 h C n K1300arrow_forwardA sociologist found that in a sample of 45 retired men, the average number of jobs they had during theirlifetimes was 7.2. The population standard deviation is 2.3(a) Find the best point estimate of the mean.The best point estimate of the mean isarrow_forward
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