Suppose that a consultant is helping the owner of a local jewelry store set prices for a sale. The owner is considering applyinga discount to its most popular engagement ring, currently priced at $1500. The consultant wants to determine if the averageamount consumers spend on similar engagement rings is more than $1500. To do this, she selects a random sample of15 other jewelry stores in the area and records the prices of engagement rings with a similar style, cut, and weight. The pricesof these rings are shown below.$1400, $1230, $1450, $1175, $1850, $1060, $1390, $1260, $2850, $1580, $1500, $1850, $1770, $1400, $1775Using this sample data, she calculates a mean of $1569.33 and a standard deviation of $432.16 and plans to use thisinformation to conduct a one-sample t-test of Ho μ = $1500 against H₁ μ> $1500.Is this an appropriate use of a one-sample t-test?No, because the sample contains an outlier.Yes, because the population is normally distributed.Yes, because the data come from a random sample.Yes, because the population standard deviation is not known.No, because a one-sample t-test can only be used when the sample size is at least 30.

The question is about hypo. testing Given : Randomly selected no. of jewelry stores ( n ) = 15…

Answered: Suppose that a consultant is helping…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The council leaders of a small town would like to determine the average number of people living in each household. To accomplish this, they send a questionnaire to each residence listed in the town address records, asking the head of the household to record the number of people living in the dwelling. They follow this up with visits to those households that have not responded to the questionnaire until the data collection process is complete. Which of the following is the best description of the method for data collection used by the council leaders? (A) A convenience sample (B) A simple random sample (C) A stratified random sample (D) A cluster random sample (E) A census
Activity 1 Directions: Answer the following question. Use Microsoft Excel if necessary. 1. An insurance company would like to determine the proportion of all medical doctors who have been involved in one or more malpractice lawsuits. The company selects 500 doctors at random from a professional directory and determines the number in the sample who have been involved in a malpractice lawsuit. Identify the following: a. Population b. Sample c. Variable d. Level of Measurement used 2. Determine the correct data type (quantitative or qualitative). Indicate whether quantitative data are continuous or discrete the following: a. the number of pairs of shoes you own b. the type of car you drive c. the distance from your home to the nearest grocery store 3. The Whitcomb Company manufactures a metal ring for industrial engines that usually weig about 50 ounces. A random sample of 50 of these metal rings produced the following weights (in ounces). 51 53 56 50 44 47 53 53 42 57 46 55 41 44 52 56…
Suppose that the tenth prize of a $1600 tournament will be $100 and each place should be worth approximately 10% more than the next place. Discuss the realistic distribution of prize values if they are rounded to the nearest penny, dollar, five dollars, and ten dollars.
Part b should be a sample size of 29%, not 25%
Wegman’s (a food market chain) has developed a new store-brand brownie mix. Before they start selling the mix they want to compare how well people like their brownies to brownies made from a popular national brand mix. In order to see if there was any difference in consumer opinion, Wegman’s asked 124 shoppers to participate in a taste test. Each was given a brownie to try. Subjects were not told which kind of brownie they got—that was determined randomly. 58% of the 62 shoppers who tasted a Wegman’s brownie said liked it well enough to buy the mix, compared to 66% of the others who said they would be willing to buy the national brand. Does this result indicate that consumer interest in the Wegman’s mix is lower than for the national brand?
A recent health survey 500 single young men yielded the following information: 385 were a member of a sports club, 155 were vegetarian, and 30 declined to answer the survey’s questions. What percent of the men were both members of a sports club and vegetarian? Draw a Venn diagram to illustrate the result of the survey.
The accompanying table shows the result of a national election along with the vote predicted by several organizations in the days before the election. The sample sizes were typically a bit above 1,000 people, and the reported margin of error was around plus or minus 4 percentage points. The percentages for each poll may not sum to 100 because of voters who indicated they were undecided. Complete parts a through c. Click the icon to view the vote predictions and result. a. The News Network 1 poll predicted that 49% were going to vote for Candidate A, with a margin of error of plus or minus 4%. Explain what this means. Select the correct choice below and fill in the answer boxes to complete your choice. (Type integers or decimals. Do not round.) O A. The true proportion of voters for Candidate A is within percentage points of %. O B. The actual proportion of voters for Candidate A is likely to be more than percentage points away from O C. All samples have a sample proportion that is…
You may need to use the appropriate technology to answer this question. During the first 13 weeks of the television season, the Saturday evening 8:00 p.m. to 9:00 p.m. audience proportions were recorded as ABC 31%, CBS 26%, NBC 27%, and independents 16%. A sample of 300 homes two weeks after a Saturday night schedule revision yielded the following viewing audience data: ABC 97 homes, CBS 68 homes, NBC 91 homes, and independents 44 homes. Test with a = 0.05 to determine whether the viewing audience proportions changed. State the null and alternative hypotheses. 0.31, PCBS = 0.26, PNBC = 0.27, PIND 0.27, PIND = 0.16. Ho: : The proportions are not pPABC Наi РАВС 3 0.31, РсвS 0.26, PNBC 0.16 0.27, 0.16 Но: РАВС 0.31, Рсвs 3D 0.26, Наi РАВС + 0.31, РсвS PNBC + 0.26, PNBC ± 0.27, , PIND + 0.16 Ho: PABC + 0.31, PCBS + 0.26, PNBC + 0.27, PIND + 0.16 0.26, PNBC 0.27, PIND = 0.16 %D На РАВС - 0.31, РсBs 0.26, PNBC 0.27, PIND 0.16 Нo: РАВС - 0.31, РсBS H: The proportions are not PABC 0.16. 0.31,…
Suppose a community college has 10,000 students (the population). We are interested in the average amount of money a part-time student spends on books in the fall term. Asking all 10,000 students is almost an impossible task. A sample is taken using a list of students who take photography classes, and each of these students is surveyed. Do you think that this sample is representative of the entire 10,000 student population? Why or why not?

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