PROJECT. Refer to the Academy of Management Journal (December 2019) study of crowdfunding backers for an entrepreneur's project, Exercise 6.10 (p. 319). Recall that the researchers collected data on the number of crowdfunding backers for each in a sample of 1,460 entrepreneurial projects pitched on the internet via video. The data is saved in the BACKERS file. Again, define μ as the true mean number of crowdfunding backers for all entrepreneurial projects pitched via the internet. Suppose the researchers want to know if μ differs from 200 using a statistical test of hypothesis. Use the accompanying Minitab printout to conduct the test. What is your conclusion? Explain why the 90% confidence interval (shown on the printout) will lead to the same conclusion.

The mean number of sick days an employee takes per year is believed to be about 10.5. Members of a personnel department do not believe this figure. They randomly survey ten employees. The number of sick days they took for the past year are as follows: 12; 4; 15; 3; 11; 8; 6; 8; 2; 9. Let x = the number of sick days they took for the past year. Should the personnel team believe that the mean number is ten?

As part of a study on transportation safety, the U.S. Department of Transportation collected data on the number of fatal accidents per 1,000 licenses and the percentage of licensed drivers under the age of 21 in a sample of 42 cities. Prepare a managerial report that analyzes the data. Consider the complete data set collected over a one-year period. Safety Percent Under 21 Fatal Accidents per 1000 12 2.942 11 0.688 7 0.865 11 1.632 10 2.071 16 2.607 17 3.81 7 0.348 12 1.122 7 0.625 8 1.008 15 2.781 11 1.385 8 1.413 9 0.019 8 0.318 10 1.829 11 2.226 13 2.835 13 2.332 10 1.274 16 4.08 7 2.17 15 3.603 14 2.603 8 0.815 7 0.8 13 2.87 7 1.247 14 3.204 9 0.994 9 0.473 13 1.423 17 3.594 9 1.906 13 1.623 15 2.923 11 1.893 14 2.794 12 2.614 8 0.906 16 3.236 Find the mean and standard deviation of licensed drivers under the age of 21. (Round your answers to two decimal places.) MeanStandard deviation Find…

Used car auctions give car dealers an opportunity to increase their used car inventory by purchasing cars used as rental cars, assigned to company executives, and other similar activities. Suppose population 1 is all black cars sold at used car auctions, and population 2 is all white cars sold at used car auctions. Of interest is to estimate the difference in the mean sale price of all black cars sold at used car auctions and the mean sale price of all white cars sold at used car auctions. Based on this, using both the appropriate symbol and in words, state the one parameter of interest.

5t.  A magazine reports that women trust recommendations from a particular social networking site more than recommendations from any other social network platform. But does trust in this social networking site differ by gender? The following sample data show the number of women and men who stated in a recent sample that they trust recommendations made on this particular social networking site.   Women Men Sample 150 170 Trust RecommendationsMade on the social networking site 111 102 (a) What is the point estimate of the proportion of women who trust recommendations made on this particular social networking site?   (b) What is the point estimate of the proportion of men who trust recommendations made on this particular social networking site?   (c) Provide a 95% confidence interval estimate of the difference between the proportion of women and men who trust recommendations made on this particular social networking site. (Round your answers to four decimal places.)

A study from 2014 found that adults in the US spend an average of 11 hours per day watching, reading, listening to or simply interacting with media. Researchers at UCLA suspect students spend less time engaging media. They grouped UCLA students by class section, randomly selected 20 class sections, and administered a survey to each student in those randomly selected class sections. The following data represents the mean time (in hours) per day spent engaging media for each of the randomly selected classes: 9.5 11.5 6.0 7.5 8 9.5 10.5 11 12 8.2 5 9.5 8.2 9.3 10.8 11 13 8.6 9.5 10.5 What would be the calculator steps to find standard deviaton, rounded to 3 decimal places?

An observational study of teams fishing for the red spiny lobster in a certain body of water was conducted and the results published in a science magazine. One of the variables of interest was the average distance separating traps - called "trap spacing" - deployed by the same team of fishermen. Trap spacing measurements (in meters) for a sample of seven teams of fishermen are shown in the accompanying table. Of interest is the mean trap spacing for the population of red spiny lobster fishermen fishing in this body of water. Complete parts a through f below. E Click the icon to view the trap spacing data. Trap Spacing Data a. Identify the target parameter for this study. The target parameter for this study is 93 101 107 95 81 68 84 b. Compute a point estimate of the target parameter. (Round to two decimal places as needed.) Print Done c. What is the problem with using the normal (z) statistic to finda confidence interval for the target parameter? O A. The point estimate is too large to…