Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

You're attempting to prove that the variance of the dollar value of products bought on line for a certain target market is greater than $100. To test this you choose a random sample of 20 customers and find out that the variance of this sample is $150.

a) Set up hypotheses and test to find out whether or not the population variance is larger than $100.

b) Based on your sample variance, develop a 95% confidence interval, which will contain true variance 95% of the time. This is, of course, by definition of confidence interval.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922681

Have any Question? 


Related Questions in Statistics and Probability

Assignment choice 1 the great migrationwrite an essay on

Assignment Choice #1: The Great Migration Write an essay on the great migration of the black population to the northern United States.  What were the reasons for the great migration? What were some of the risks involved ...

Consider the following system of preferences recall that

Consider the following system of preferences (recall that the preferences of the women appear in the lower right side of each cell (read vertically) and the preferences of the men appear on the upper left side (read hori ...

Assignment- probability1a credit card company decides to

Assignment- Probability 1. A credit card company decides to study the frequency with which its cardholders charge for items from a certain chain of retail stores. The data values collected in the study appear to be norma ...

1 what is the relationship between confounding and internal

1. What is the relationship between confounding and internal validity? 2. What are experimenter expectancy effects, and how do researchers minimize them? 3. Should demand characteristics be eliminated or strengthened in ...

Restate each of the following research questions as

Restate each of the following research questions as questions about behavioral variability. a. Does eating too much sugar increase children's activity level? b. Do continuous reinforcement schedules result in faster lear ...

A student wonders if people of similar heights tend to date

A student wonders if people of similar heights tend to date each other. She measures herself, her roommate, and the women in adjoining rooms; then she measures the next man each woman dates. Here are the data (heights in ...

1nbspa camp director is interested in the average number of

1. A camp director is interested in the average number of letters each child sends during his/her camp session. The population standard deviation is known to be 2.5. A survey of 45 campers is taken. The average from the ...

In a pulse rate research a simple random sample of 120 men

In a pulse rate research, a simple random sample of 120 men results in a mean of 80 beats per minute, and a standard deviation of 11 beats per minute. Based on the sample results, the researcher concludes that the pulse ...

Describe the technologies that contributed to the

Describe the technologies that contributed to the development and advancement of the newspaper from small, infrequent circulations of a few brief pages to the mass production of daily, extensive pages of news.

Jim has weighted gpa of 384 his high school gpas are

Jim has weighted GPA of 3.84. His high school GPA's are normally distributed with a mean of 2.9 and a standard deviation of 0.5. Kim's high school uses unweighted GPA's and she has a GPA of 3.57. GPA's are also normally ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen