Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Attempt all the problems.

Section-A

problem1) Last year television stations WXYZ’s share of 11pm news audience was approximately equal to 25%. Station’s management believes that present audience share is higher than last year’s 25% figure. In an attempt to substantiate this belief, station surveyed 400 11pm viewers and found that 146 watched WXYZ. Set up the null and alternative hypothesis and test the same at 5% level of significance. What is your conclusion?

problem2)  A retailer that sells home entertainment systems accumulated 10451 sales invoices during the previous year. The total of the sales amount on these invoices as claimed by the company is Rs.63,84,675. In order to estimate the true total sales for last year, an independent auditor randomly selects 350 of the invoices and determines the actual sales amounts by contacting the purchasers. The mean and standard deviation of the 350 samples sales amounts are Rs. 532 and standard deviation 168. Find the point and interval estimate given that a 95% confidence is required.  Do you think that the sales invoice claimed by the company is correct?

problem3) One of the problems on the Business Week subscriber study was, “In the past 12 months when travelling for business, what type of airline ticket did you purchase most often”. The data obtained are shown in the following table.

                                                               Type of Flight
Type of Ticket                          Domestic flights    International flights
First Class                                           29                    22
Business / Executive class                   95                   121
Full fare economy /coach class            518                 135

Based on the above can it be concluded that type of ticket is dependent on the type of flight taken. Use 5% level of significance.

problem4) To study effect of temperature on yield in a chemical process, five batches were produced at each of three temperature levels. The results follow. Construct an analysis of variance table. Use a 5% level of significance to test whether the temperature level has an effect on the mean yield of the process.

                             Yield
Temperature   
50degC         34    24    36    39    32
60degC         30    31    34    23    27
70degC         23    28    28    30    31

SECTION-B

Case Study

A research project was undertaken to determine if there is relationship between the years of experience on the job (A) and efficiency rating of employees (B). The purpose of the study was to predict the efficiency rating of the employee. The sample results are as follows:

Years of Job (A)         1    20    6    8    2    1    14    8    4    6
Efficiency rating (B)     6    5     3    5     2    2     4     3    3    4

a) Which variable is the dependent variable?

b) Find if there is correlation between the two variables and test the correlation coefficient. (Use 5% level of type I error) 

c) Estimate the linear regression model. Do you think that the regression coefficient will be significant at 5% level of significance? Give reasons.

d) Do you think overall regression model will be significant. Give reasons.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M93232
  • Price:- $40

Guranteed 36 Hours Delivery, In Price:- $40

Have any Question?


Related Questions in Statistics and Probability

A merton corporation has a 6 percent semiannual coupon bond

a) Merton Corporation has a 6 percent semiannual coupon bond which has 5 years until maturity, and the yield to maturity is 8 percent. (i) What interest (coupon) payments do bondholders receive each year? (ii) At what pr ...

The following is data a veterinarian collected from some of

The following is data a veterinarian collected from some of her clients. It is a rough estimate % of dogs weight and how long the dog lived estimate of dog's weight(xi)         life span(yi) 20                            ...

A certain diagnostic test is indicative of problems only if

A certain diagnostic test is indicative of problems only if a child scores in the lowest 10% of those taking the test (the 10th percentile). If the mean score is 150 with a standard deviation of 30, what would be the dia ...

The risk-free rate is 20 in the fama-french model the

The risk-free rate is 2.0%. In the Fama-French model, the equity risk premium is 4.0%, the size premium is 2.0%, and the value premium is 2.8%. Glude Corp has a market beta of 1.20, a size beta of -0.30, and a value beta ...

A chemical company is interviewing two people to become its

A chemical company is interviewing two people to become its risk manager. One has a background of management positions chemical refineries. The other has a background providing risk management consulting services to depa ...

Hardboard is graded with the following frequenciesgrade a

Hardboard is graded with the following frequencies: Grade A: 1/5 Grade B: 3/4 Cull: 1/20 If six pieces come off of a hot press, find the probability that two are Grade A, three are Grade B, and one is a Cull.

Question a gamble is said to be fair if each player has the

Question: A gamble is said to be fair if each player has the same expected outcome. Suppose we play a game in which the first of two players receives $50 each time the roll of a balanced die comes up with a 1 or 6. Playe ...

Rachel age 65 has begun establishing many different trusts

Rachel, age 65, has begun establishing many different trusts. Of the following beneficiaries listed in her trusts, who would be considered a skip person for purposes of the GSTT? I. Adam, age 25, her new husband II. Bart ...

Jeremy needs to start paying back his student loan the

Jeremy needs to start paying back his student loan. The amount he owes is $14,069.80 with an APR of 6.94%. Assuming he will take 10 years, how much will his monthly payment be?

A sample of 100 randomly selected students found that the

A sample of 100 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.68. What is the Standard Deviation of the sampling distribution?

  • 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