Introduction to Business Statistics
Introduction to Business Statistics
7th Edition
ISBN: 9781111792374
Author: WEIERS
Publisher: Cengage Learning
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The average time period that spouses survive after the death of their partner is said to be greater for widows than for widowers. A sociologist who wishes to evaluate such claim obtained survival data (in years) following the death of a spouse on randomly selected 10 widows and 8 widowers.   Software Output:   Shapiro-Wilk TestFor Widows: data: survival p-value = 0.57For Widowers: data: survival p-value = 0.98Levene’s Test for Homogeneity of Variance p-value = 0.98   What is the most appropriate test procedure to test the claim? a. Z-test b. Pooled t-test c. Non-pooled t-test d. Mann-Whitney Test
One tree in the study had a weight that exceeded its expected weight (according to the best fit curve) by more than that of any other tree. By how many tons did the trees actual weight exceed the expected weight for its height?
A coffee shop owner offers two brands of coffee, Brand "A" and Brand "B". The proportion of clients that prefer Brand "A" is 60%.   Recently, the price of Brand "A" went up. The proportion of clients that buy brand "A" among the first 15 customers that enter the shop after the change in price is an estimator of the current proportion of clients that prefer Brand "A".   Assume that the change in price has no effect on the preference of the clients. Then the mean squared error (MSE) of the estimator is equal to: (Give an answer of the form x.xxx, i.e. with 3 significance digits) (HINT: Carefully read the definition of MSE in Chapter 10 of the text book.)
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