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

Within a forensic investigation a sample was independently

Within a forensic investigation, a sample was independently analyzed for lead content by two different laboratories, Lab 1 and Lab 2. The analysis that was performed on this sample by Lab 1 yielded a coefficient of varia ...

The historical context of england in 1215 with the costs of

The historical context of England in 1215 with the costs of King Richard the Lionheart's ransom and the crusades. What were the nobles' complaints? How did the nobles' interests differ from the king's interest? What inte ...

Your statistics teacher knowing the power of sampling

Your statistics teacher, knowing the power of sampling, decides to use only 3 of your 5 quiz grades in assigning your grade for the course, chosen at random. Your quiz average using all 5 quizzes is 81.6, with a standard ...

Imagine that you are a college professor you notice that

Imagine that you are a college professor. You notice that fewer students appear to attend class on Friday afternoons when the weather is warm than when it is cold outside. To test your hunch, you collect data regarding o ...

1 if the calculated value of t is less than the critical

1. If the calculated value of t is less than the critical value, do you reject or fail to reject the null hypothesis? Explain. 2. If you reject the null hypothesis (and conclude that the independent variable has an effec ...

1 what are the advantages and disadvantages of using a

1. What are the advantages and disadvantages of using (a) figures, (b) tables, and (c) text to report the results of experiments in the research report? 2. Differentiate between random sampling and random assignment. Whi ...

Two divisions of napoleons army are camped on opposite

Two divisions of Napoleon's army are camped on opposite hillsides, both overlooking the valley in which enemy forces have massed. If both divisions attack their enemy simultaneously, victory is assured, but if only one d ...

A box of teddy grahams chocolate cookies is supposed to

A box of Teddy Grahams chocolate cookies is supposed to weigh 250 grams. There is some variation in weight from box to box. The box contents are Normally distributed with an unknown mean and a known standard deviation of ...

A history class is comprised of 6 female and 7 male

A history class is comprised of 6 female and 7 male students. If the instructor of the class randomly chooses 11 students from the class for an oral exam, what is the probability that 5 female students and 6 male student ...

In a survey of 617males agesnbsp18-64 396 say they have

In a survey of 617males ages 18-64, 396 say they have gone to the dentist in the past year. Construct 90% and 95% confidence intervals for the population proportion. Interpret the results and compare the widths of the co ...

  • 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