A recent article in thewall street journal reported that, Ask an Expert

Statistics

A recent article in theWall Street Journal reported that the prime rate for large banks now exceeds 9 percent. A sample of eight small banks in the Midwest revealed the following prime rates (in percent):

10.1 9.3 9.2 10.2 9.3 9.6 9.4 8.8

At the .01 significance level, can we conclude that the prime rate for small banks also exceeds 9 percent? Estimate the p-value.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9393944

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Given a normally distributed random variable x with mean mu

Given a normally distributed random variable, X, with mean (μ) and standard deviation (σ) shown on the right, calculate P(a μ =15 s = 2 a =16 b =20 Given a normally distributed random variable, X, with mean (μ) and stand ...

A national report indicates that the mean and standard

A national report indicates that the mean and standard deviation of the ACT scores of incoming freshman at American public universities are 24.6 and 6.2, respectively. A sample of 30 incoming freshmen at a small, suburba ...

A manufacturing company wishes to compare two production

A manufacturing company wishes to compare two production facilities based on Defective units out of total unit production. The company obtains random samples from both facilities. Facility A produced a total of 983 units ...

What is the sample size for studies with moe of -35 and -28

What is the sample size for studies with MOE of +/-3.5% and +/-2.8%, with a confidence level of 95%, sample statistics of 50. Suppose the category population was 7500 (less than 10,000)? Remember the FPC. What would be t ...

I a survey of 400 adults that say traffic is a problem

In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say t ...

Data are collected on the relationship between the number

Data are collected on the relationship between the number of hours per week practicing a musical instrument and scores on a math test. The line of best fit is as follows: y = 72.5 + 2.8x. What would you predict the score ...

Transaction costs you would like to purchase one class a

Transaction costs You would like to purchase on?e Class A share of Berkshire Hath-away through your Scottrade brokerage account. Scottrade charges a $7 commission for online trades. You log into your account, check the r ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

Red tide is a bloom of poison-producing algae-a few

"Red tide" is a bloom of poison-producing algae-a few different species of a class of plankton called dinoflagellates. When the weather and water conditions cause these blooms, shellfish such as clams living in the area ...

You play the following game against your friend you have 2

You play the following game against your friend. You have 2 urns and 4 balls. One of the balls is black and the other 3 are white. You can place the balls in the urns any way that you'd like, including leaving an urn emp ...

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

Recent Questions

Ask Statistics and Probability Expert