Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

USE this rule 
Crit > Calc = Cannot Reject = No Statistical difference in the means
Crit < Calc = Reject = Statistical difference in the means

Question 1: Historically, my HRV fleet averaged 40,000 miles between breakdowns with a 8000 mile standard deviation. I implemented Continuous Improvement teams to research better inspection methods and after the kaizen, I sampled, randomly 30 HRV cars and found 43,000 miles between service interruptions. 
Test at the 0.05 Alpha I tail Z test and determine if the efforts paid off statistically

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9445748

Have any Question?


Related Questions in Statistics and Probability

A laboratory worker finds that the 3 of his blood samples

A laboratory worker finds that the 3% of his blood samples test positive for the HIV virus. In a random sample of 70 blood tests, what is the mean number that test positive for the HIV virus? (Round your answer to 1 deci ...

In the game of roulette a player can place a 7 bet on the

In the game of? roulette, a player can place a ?$7 bet on the number 18 and have a 1/38 probability of winning. If the metal ball lands on 18?, the player gets to keep the ?$7 paid to play the game and the player is awar ...

A survey of a group of college students was done to find

A survey of a group of college students was done to find out how students get to school for the school year. 15% of those surveyed were from out of state. Of those that were in-state, 56% used a car as their primary form ...

What is the appropriate statistical analysis to use t-test

What is the appropriate statistical analysis to use: t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence? Please identify and explain why it is appropriate. (a) A s ...

Michael invested 1000 in large us stocks at the beginning

Michael invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.90 percent in 2012, 32.00 percent in 2013, 13.50 percent in 2014, and 3.00 percent in 2015. What return did he earn in the ...

A 54 percent corporate coupon bond is callable in ten years

A 5.4 percent corporate coupon bond is callable in ten years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? Amoun ...

Assume that 50 percent of the students at the university

Assume that 50 percent of the students at the university have taken 4 years of high school math. Of those with four years of high school math, 80 percent plan to major in science. Of those without 4 years, only 20 percen ...

A new computer system will require an initial outlay of

A new computer system will require an initial outlay of $15,500, but it will increase the firm's cash flows by $3,100 a year for each of the next 7 years. How high can the discount rate be before you would reject the pro ...

Among 140 subjects with positive test results there are 25

Among 140 subjects with positive test? results, there are 25 false positive? results; among 152 negative? results, there are 22 false negative results. If one of the test subjects is randomly? selected, find the probabil ...

The weights of ice cream cartons are normally distributed

The weights of ice cream cartons are normally distributed with a mean weight of 20 ounces and a standard deviation of 0.5 ounces. You randomly select 25 cartons. What is the probability that their mean weight is greater ...

  • 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