Suppose that Randy is an analyst for the bicyling industry and wants to estimate the asking price of used entry-level roadbikes advertised online in the southeastern part of the United States. He obtains a random sample of n = 13 onlineadvertisements of entry-level road bikes. He determines that the mean price for these 13 bikes is r = $681.87 and thatthe sample standard deviation is s = $177.45. He uses this information to construct a 99% confidence interval for u, themean price of a used road bike.What is the lower limit of this confidence interval? Please give your answer to the nearest cent.%24What is the upper limit of this confidence interval? Please give your answer to the nearest cent.%24

The summary of the statistics is The degree of freedom is, Critical values: The t-critical values…

Answered: Suppose that Randy is an analyst for…

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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A marketing consultant is hired by a major restaurant chain wishing to investigate the preferences and spending patterns of lunch customers. The CEO of the chain hypothesized that the average customer spends at least $13.50 on lunch. A survey of 25 customers sampled at one of the restaurants found the average lunch bill per customer to be ?¯=$14.50 . Based on previous surveys, the restaurant informs the marketing manager that the standard deviation is ?=$3.50 . To address the CEO’s conjecture, the marketing manager carried out a hypothesis test of ?0:?=13.50 vs. ??:?>13.50 and obtained a ?‑value = 0.77. The marketing chooses a significance level of ?=0.10. If he uses this significance level throughout his work, how often will he reject a true null hypothesis? Group of answer choices a.He will reject 10% of all true null hypotheses. b. He will reject 1% of all true null hypotheses. c. He will reject 5% of all true null hypotheses. d. He will not reject 10% of all true null…
Ann recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 120 millimeters of mercury ( mmHg ). Ann believes the value is actually higher. She bases her belief on a recently reported study of 10 randomly selected, elderly females. The sample mean systolic blood pressure was 128 mmHg , and the sample standard deviation was 25 mmHg . Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.10 level of significance, can it be concluded that μ , the population mean systolic blood pressure among elderly females, is greater than 120 mmHg ? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis H0 and the…
Fran is training for her first marathon, and she wants to know if there is a significant difference between the mean number of miles run each week by group runners and individual runners who are training for marathons. She interviews 42 randomly selected people who train in groups and finds that they run a mean of 47.1 miles per week. Assume that the population standard deviation for group runners is known to be 4.4 miles per week. She also interviews a random sample of 47 people who train on their own and finds that they run a mean of 48.5 miles per week. Assume that the population standard deviation for people who run by themselves is 1.8 miles per week. Test the claim at the 0.01 level of significance. Let group runners training for marathons be Population 1 and let individual runners training for marathons be Population 2. Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
Heather recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 115 millimeters of mercury (mmHg). Heather believes the value is actually higher. She bases her belief on a recently reported study of 13 randomly selected, elderly females. The sample mean systolic blood pressure was 125 mmHg, and the sample standard deviation was 25 mmHg. C Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that u, the population mean systolic blood pressure among elderly females, is greater than 115 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) state the null hypothesis Ho and the alternative hypothesis H₁. 1 H₂ : 0…
Suppose you work for the Department of Environment and National Resources (DENR). You want to estimate, with 95% confidence, the mean length of all tilapia in a fish hatchery pond. You take a random sample of 10 tilapia and determine the average length is 10.5 inches and the sample standard deviation is 2.9 inches. Construct a confidence interval for this sample and interpret the result.
Amanda recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 115 millimeters of mercury (mmHg). Amanda believes the value is actually higher. She bases her belief on a recently reported study of 17 randomly selected, elderly females. The sample mean systolic blood pressure was 123 mmHg, and the sample standard deviation was 23 mmHg. Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that μ, the population mean systolic blood pressure among elderly females, is greater than 115 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. A. Find the value of the test statistic and round to 3 or more decimal places. (I have posted a picture of an example problem…
4. on paper. random sample of 130 human body temperatures had a mean 98.25 degree and astandard deviation of 0.73 degree. Construct a 99% confidence interval for the average body temperature ofhealthy people.
4. A fire extinguisher salesman would like to estimate the mean number of home fires started by candles each year. He obtained fire data for seven randomly selected years from the National Fire Protection Agency. His sample produced a mean of 7041 fires with a standard deviation of 1600. Create the 90% confidence interval of interest.
Barron's has collected data on the top 1,000 financial advisers. Company A and Company B have many of their advisers on this list. A sample of 16 of the Company A advisers and 10 of the Company B advisers 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 the Company A advisers was s1 = $583 million. The standard deviation of the amount managed by the Company B advisers was s2 = $488 million. Conduct a hypothesis test at ? = 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. H0: ?12 ≠ ?22 Ha: ?12 = ?22 H0: ?12 ≤ ?22 Ha: ?12 > ?22 H0: ?12 = ?22 Ha: ?12 ≠ ?22 H0: ?12 > ?22 Ha: ?12 ≤ ?22 Find the value of the test statistic.…
Amanda recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 120 millimeters of mercury (mmHg). Amanda believes the value is actually higher. She bases her belief on a recently reported study of 21 randomly selected, elderly females. The sample mean systolic blood pressure was 123 mmHg, and the sample standard deviation was 20 mmHg. Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that μ, the population mean systolic blood pressure among elderly females, is greater than 120 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis and the alternative hypothesis H₁. μ O Р S Ho :O H₁…
The Survey of Study Habits and Attitudes (SSHA) is a psychological test that measures students' study habits and attitudes toward school. The survey yields several scores, one of which measures student attitudes toward studying. The mean student attitude score for college students is about 30, and standard deviation is about 12. A researcher in the Philippines is concerned about the declining performance of college graduates on professional licensure and board exams. She suspects that poor attitudes of students are partly responsible for the decline and that the mean for college seniors who plan to take professional licensure or board exams is less than 30. She gives the SSHA to an SRS of 144 college seniors in the Philippines who plan to take professional licensure or board exams. Suppose we know that the student attitude scores in the population of such students are Normally distributed with standard deviation σ = 12. (a) We seek evidence against the claim that μ = 30. What is the…
10. Several years ago, 51% of parents who had children in grades K-12 were satisfied with the quality of education the students receive. A recent poll asked 1,075 parents who have children in grades K-12 if they were satisfied with the quality of education the students receive. Of the 1,075 surveyed, 472 indicated that they were satisfied. Construct a 99% confidence interval to assess whether this represents evidence that parents' attitudes toward the quality of education have changed. What are the null and alternative hypotheses? Ho: p (1) versus H1: p (2) (Round to two decimal places as needed.) Use technology to find the 99% confidence interval. The lower bound is The upper bound is (Round to two decimal places as needed.) What is the correct conclusion? O A. Since the interval contains the proportion stated in the null hypothesis, there is insufficient evidence that parents' att O B. Since the interval contains the proportion stated in the null hypothesis, there is sufficient…

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