what's the difference between a slot machine with a low variance and one with a high variance?
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- Two soap brands have a competition over the longevity of their bars. A sample of 21 bars from company A lasts an average of 13.1 days with a sample variance of 21.2. A sample of 24 bars from company B lasts for an average 10.3 days with a sample variance of 19.3. Test to see if company A’s variance is larger than company B's variance using a 5% level of significance. The null hypothesis is that the variances are the same. The alternate hypothesis is that company A’s variance is larger than company B’s variance. Report your conclusion: a) fail to reject the null hypothesis b) reject the null hypothesisA set of solar batteries is used in a research satellite. The satellite can run on only one battery, but it runs best if more than one battery is used. The variance ?2 of lifetimes of these batteries affects the useful lifetime of the satellite before it goes dead. If the variance is too small, all the batteries will tend to die at once. Why? If the variance is too large, the batteries are simply not dependable. Why? Engineers have determined that a variance of ?2 = 23 months (squared) is most desirable for these batteries. A random sample of 22 batteries gave a sample variance of 15 months (squared). Using a 0.05 level of significance, test the claim that ?2 = 23 against the claim that ?2 is different from 23. (f) Find a 90% confidence interval for the population variance. (Round your answers to two decimal places.) (g) Find a 90% confidence interval for the population standard deviation. (Round your answers to two decimal places.)A set of solar batteries is used in a research satellite. The satellite can run on only one battery, but it runs best if more than one battery is used. The variance σ2 of lifetimes of these batteries affects the useful lifetime of the satellite before it goes dead. If the variance is too small, all the batteries will tend to die at once. Why? If the variance is too large, the batteries are simply not dependable. Why? Engineers have determined that a variance of σ2 = 23 months (squared) is most desirable for these batteries. A random sample of 22 batteries gave a sample variance of 13.2 months (squared). Using a 0.05 level of significance, test the claim that σ2 = 23 against the claim that σ2 is different from 23. (a) What is the level of significance? Find the value of the chi-square statistic for the sample. (Round your answer to two decimal places.) What are the degrees of freedom? (f) Find a 90% confidence interval for the population variance. (Round your answers to two decimal…
- A set of solar batteries is used in a research satellite. The satellite can run on only one battery, but it runs best if more than one battery is used. The variance σ2 of lifetimes of these batteries affects the useful lifetime of the satellite before it goes dead. If the variance is too small, all the batteries will tend to die at once. Why? If the variance is too large, the batteries are simply not dependable. Why? Engineers have determined that a variance of σ2 = 23 months (squared) is most desirable for these batteries. A random sample of 20 batteries gave a sample variance of 13.8 months (squared). Using a 0.05 level of significance, test the claim that σ2 = 23 against the claim that σ2 is different from 23. (a) What is the level of significance?State the null and alternate hypotheses. A. Ho: σ2 = 23; H1: σ2 ≠ 23 B. Ho: σ2 = 23; H1: σ2 < 23 C. Ho: σ2 = 23; H1: σ2 > 23 D. Ho: σ2 > 23; H1: σ2 = 23 (b) Find the value of the chi-square statistic for the sample. (Round…"A large candy manufacturer produces, packages and sells packs of candy targeted to weigh 52 grams. A quality control manager working for the company was concerned that the variation in the actual weights of the targeted 52-gram packs was larger than acceptable. That is, he was concerned that some packs weighed significantly less than 52-grams and some weighed significantly more than 52 grams. In an attempt to estimate the variance of the weights of all of the 52-gram packs the manufacturer makes, he took a random sample of n = 20 packs off of the factory line. The random sample yielded a sample variance of 3.5 grams. Use 90% confidence level. What is the confidence interval for the variance of the weight of the candy?"You are comparing the means of two unrelated samples, A dan B. You have the following information:xA = 16, s2A = 4, nA = 14xB = 14, s2B = 3, nB = 12(a) What is the degree of freedom if we assume equal variances?(b) What is the degree of freedom if we assume unequal variances?(c) What is the test statistics if we assume unequal variances and that the mean difference is equal to zero?
- We are interested in determining whether or not the variances of the sales at two music stores (A and B) are equal. A sample of 16 days of sales at store A has a sample variance of 20 while a sample of 26 days of sales from store B has a sample variance of 30. The test statistic is (A) 1.50 (B) 1.69 (C) 2.25 (D) 2.50A set of solar batteries is used in a research satellite. The satellite can run on only one battery, but it runs best if more than one battery is used. The variance o of lifetimes of these batteries affects the useful lifetime of the satellite before it goes dead. If the variance is too small, all the batteries will tend to die at once. Why? If the variance is too large, the batteries are simply not dependable. Why? Engineers have determined that a variance of o2 23 months (squared) is most desirable for these batteries. A random sample of 30 batteries gave a sample variance of 15.4 months (squared). Using a 0.05 level of significance, test the claim that o? = 23 against the claim that o is different from 23. (f) Find a 90% confidence interval for the population variance. (Round your answers to two decimal places.) lower limit upper limit (g) Find a 90% confidence interval for the population standard deviation. (Round your answers to two decimal places.) lower limit months upper limit…A clinical psychologist wants to compare the efficacy of medication versus Cognitive Behavioral Therapy. He specifically believes that medication will reduce the frequency of suicidal ideation more than Cognitive Behavioral Therapy. He finds that the medicated group (n = 22) reports an average of 1.84 suicidal thoughts, with a sample variance = 9.01. The CBT group (n = 22) reports an average of 3.92 with a sample variance of 9.13. What would be the test statisitc the clinican observes given this data? (Be sure to round your answer to the second decimal place). "
- A study aims to compare the social media usage rates of men and women. Nine men and 9 women are drawn from the general population and the average time (in minutes) they spent on social media each day was compared (men’s mean = 40, sum of squares = 153; women’s mean = 48, sum of squares = 216). What is the (a) estimated population variance for each random sample, and (b) pooled variance? Estimated population variances = 19.13 and 27.00; Pooled variance = 23.07 Estimated population variances = 19.13 and 27.00; Pooled variance = 20.50 Estimated population variances = 17.00 and 24.00; Pooled variance = 20.50 Estimated population variances = 17.00 and 24.00; Pooled variance = 23.07A researcher wanted to determine whether the stock market moves up and down randomly. He recorded the movement of the Dow Jones Industrial Average for 44 consecutive business days. The observed data showed that the market moved up 20 times, moved down 24 times, and had 16 runs during these 44 days. You are to perform a test for randomness using a significance level of 9%. What is the decision if the variance of the Runs is 10.5631. Non random pattern Random pattern Cannot make a decisionWhat correctly represents the coefficient of determination in terms of the variance that is an output from the analysis of variance table?
