A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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- Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 221 numerical entries from the file and r = 50 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1. (i) Test the claim that p is less than 0.301. Use α = 0.05. (a) What is the level of significance? State the null and alternate hypotheses. Ho: P = 0.301; H₁: p = 0.301 Ho: P 0.301 Ho: P = 0.301; H₁: p 5 and nq > 5. O The Student's t, since np 5 and nq > 5. What is the value of the…arrow_forwardRecall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are the auditor for a very large corporation. The revenue file contains millions of numbers in a large computer data bank. You draw a random sample of n = 226 numbers from this file and r = 87 have a first nonzero digit of 1. Let p represent the population proportion of all numbers in the computer file that have a leading digit of 1. 1) Test the claim that p is more than 0.301. Use α = 0.10. 2) What is the value of the sample test statistic? (Round your answer to two decimal places.) 3) Find the P-value of the test statistic. (Round your answer to four decimal places.) 4) If p is in fact larger than 0.301, it would seem there are too many numbers in…arrow_forwardThe 2006 Statistical Abstract of the United States reports on a survey that asked a national sample of 80,000 American households about pet ownership. Suppose (for now) that one-third of all American households own a pet cat. Still supposing that one-third of all American households own a pet cat, between what two values do you expect 95% of all sample proportions to fall?arrow_forward
- Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 223 numerical entries from the file and r = 48 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1.(i) Test the claim that p is less than 0.301. Use ? = 0.05. (a) What is the level of significance?State the null and alternate hypotheses. H0: p < 0.301; H1: p = 0.301 H0: p = 0.301; H1: p > 0.301 H0: p = 0.301; H1: p < 0.301 H0: p = 0.301; H1: p ≠ 0.301 (b) What sampling…arrow_forwardRecall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 220 numerical entries from the file and r = 51 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1.(i) Test the claim that p is less than 0.301. Use α = 0.10. (a) What is the level of significance? 0.20 What is the value of the sample test statistic? (Round your answer to two decimal places.)??? (c) Find the P-value of the test statistic. (Round your answer to four decimal…arrow_forwardRecall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 225 numerical entries from the file and r = 51 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1.(i) Test the claim that p is less than 0.301. Use ? = 0.05.arrow_forward
- Assume the probability that a maple tree at age 10 grows less than 110 cm is equal to 0.4. If the height of maple trees at age 10 are estimated to be normally distributed with mean u cm and variance 100 cm. find u.arrow_forwardAn automatic machine in a manufacturing process is operating properly if the lengths of an important subcomponent are normally distributed with a mean of 115 cm and a standard deviation of 5.5 cm. A. Find the probability that one selected subcomponent is longer than 117 cm. Probability = B. Find the probability that if 4 subcomponents are randomly selected, their mean length exceeds 117 cm. Probability = C. Find the probability that if 4 are randomly selected, all 4 have lengths that exceed 117 cm. Probability =arrow_forwardRecall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 220 numerical entries from the file and r = 49 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1. A) What is the value of the sample test statistic? (Round your answer to two decimal places.)B) Find the P-value of the test statistic. (Round your answer to four decimal places.)arrow_forward
- A pharmaceutical company is running trials on a new test for anabolic steroids. The company uses the test on 400 athletes known to be using steroids and 200 athletes known not to be using steroids. Of those using steroids, the new test is positive for 375 and negative for 25. Of those not using steroids, the test is positive for 25 and negative for 175. What is the relative frequency of a false negative result (the probability that an athlete using steroids will test negative)? (Round your answer to two decimal places.) What is the relative frequency of a false positive result (the probability that an athlete not using steroids will test positive)? (Round your answer to two decimal places.)arrow_forwardRecall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly draw a number from a very large data file, the probability of getting a number with "1" as the leading digit is about 0.301. Now suppose you are an auditor for a very large corporation. The revenue report involves millions of numbers in a large computer file. Let us say you took a random sample of n = 220 numerical entries from the file and r = 49 of the entries had a first nonzero digit of 1. Let p represent the population proportion of all numbers in the corporate file that have a first nonzero digit of 1.arrow_forward
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