MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- According to the Carnegie unit system, the recommended number of hours students should study per unit is 2. Are statistics students' study hours more than the recommended number of hours per unit? The data show the results of a survey of 11 statistics students who were asked how many hours per unit they studied. Assume a normal distribution for the population. 2, 2.9, 4.5, 0.7, 3.3, 4.5, 4.2, 1.2, 0.9, 1.8, 2.8 What can be concluded at the αα = 0.05 level of significance? The p-value = (Please show your answer to 4 decimal places. Based on this, we should Select an answer fail to reject accept reject the null hypothesis Thus, the final conclusion is that ... The data suggest the populaton mean is significantly more than 2 at αα = 0.05, so there is enough evidence to conclude that the population mean study time per unit for statistics students is more than 2. The data suggest the population mean is not significantly more than 2 at αα = 0.05, so there is enough evidence to…arrow_forwardLiu et al. (2015) recently reported the results of a study examining whether happy people live longer. The study followed a large sample of British women, aged 50 to 69, over a 10-year period. At the beginning of the study, the women were asked several questions including how often they felt happy. After 10 years, roughly 4% of the women had died. The following table shows a frequency distribution similar to the results obtained in the study. Lived Died Within 10 Years Total Happy Most of the Time 382 18 400 Unhappy Most of the Time 194 6 200 Total 576 24 n = 600 Do the data indicate a significant relationship between living longer and being happy most of the time? Test with α = .05. (Round your answers to two decimal places for χ²-critical and χ².) χ²-critical = χ² = Conclusion: Fail to reject the null hypothesis. There is a relationship between living longer and being happy most of the time. Reject the null hypothesis. There is no relationship between living longer and being…arrow_forward5.28 Risks and insurance. The idea of insurance is that we all face risks that are unlikely but carry high cost. Think of a fire destroying your home. So we form a group to share the risk: we all pay a small amount, and the insurance policy pays a large amount to those few of us whose homes burn down. An insurance company looks at the records for millions of homeowners and sees that the mean loss from fire in a year is μ = $250 per house and that the standard deviation of the loss is σ = $1000. (The distribution of losses is extremely right-skewed: most people have $0 loss, but a few have large losses.) The company plans to sell fire insurance for $250 plus enough to cover its costs and profit. If the company sells 25,000 policies, what is the approximate probability that the average loss in a year will be greater than $270?arrow_forward
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