Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Label each of the following situations "P" if it is an example of parametric data or "NP" if it is an example of nonparametric data.

1. A manufacturer produces a batch of memory chips (RAM) and measures the mean-time-between-failures (MTBF). The manufacturer then changes a manufacturing process and produces another batch and again measures the MTBF. Did the change to the process improve the MTBF?

2. From a written survey where the respondents were asked to rate an individual on a scale of 1 to 5, one group rated an individual a 3.7, another group rated the individual a 4.3. Is the difference statistically significant?

3. A catering company is buying equipment in order to set up their own store. They have a choice of two ovens that they can purchase for the store. The used oven is $100 less than the new oven, but its heating calibration is off by 20 degrees. Which one is a better buy for them?

4. Jim Smith owns three real estate offices in Anytown. He has decided to open one more office, but he cannot decide between Hometown or Uptown as the town where he wants to locate. He will be comparing the mean number of homes sold per real estate agent, and the mean commission percentage earned by agents in the two towns to make his decision.

5. A study to determine if job absenteeism is distributed evenly over the week.

6. Mel's Diner has been surveying their customers for the past couple of years about their dining experience in the restaurant. The survey uses a scale of one to five, five being best to indicate customer satisfaction. Mel's customer satisfaction averaged 2.5 last year, but this year it is 2.9. Is this difference statistically significant?

7. Sally's Beauty Salon just opened for business. Sally assigns the stylists customers on a rotation basis so that everyone is kept busy all day. One month after she opened the salon, Sally's customer count for each stylist was

(a) 20 customers;

(b) 30 customers;

(c) 15 customers; and

(d) 25 customers.

Has Sally been fair in how she allocates customers to each of the stylists?

8. A comparison of salaries between male and female employees in the

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9378495

Have any Question?


Related Questions in Statistics and Probability

A student is to be selected randomly from a group of

A student is to be selected randomly from a group of students. For each classification of freshman and sophomore, there is a math major, an art major, and a biology major. The probability of each individual being selecte ...

Calculate the value of a bond with face value of 1000 a

Calculate the value of a bond with face value of $1,000 , a coupon interest rate of 8 percent paid semiannually; and a maturity of 10 years. Assume the following discount rates: (a) 6 percent; (b) 8 percent; and (c) 10 p ...

A log yard uses 3 digit numbers to identify their current

A log yard uses 3 digit numbers to identify their current stock: a) How many 3 digit numbers can be formed from the digits 0, 1, 2, 3, 4 and 5 if each digit can be used only once and the number cannot begin with 0? b) Wh ...

Initial public offeringa brazilian company called net shoes

Initial public offering A Brazilian company called Net shoes completed its IPO on April 12, 2017, and listed on the NYSE. Net shoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, ...

Taylor found that 8 of the recipients of loans from a

Taylor found that 8% of the recipients of loans from a particular mortgage lending institute default within the first 3 years. If he takes a random sample of 4 customers, who received loans 3 years ago, what is the proba ...

In a panel discussion with 3 industry reps 2 government

In a panel discussion with 3 industry reps, 2 government reps, and 1 association rep, how many ways can they be seated along a row a) With no restrictions (each person can sit anywhere)? b) If the 3 industry reps must si ...

1 explain the meaning of the following termslocation

1) Explain the meaning of the following terms: Location Quotient Coefficient of Specialization Coefficient of Localization 2) Explain and contrast the z-score and the coefficient of variation. 3) Define and describe the ...

Can you please assist with this the stock price

Can you please assist with this. The stock price distribution is skewed to the right. The mean is $5 and the standard deviation is $6. At least what proportion of prices is located between 1.5 standard deviations. Hint: ...

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals?  This was my answer and it was incorrect, so I want to know ...

The acme insurance company has two types of customers

The ACME Insurance Company has two types of customers, careful and reckless. A careful customer has an accident during the year with probability 0.01. A reckless customer has an accident during the year with probability ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As