Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Agency for New Americans Denise Walker collapsed at home after her first outing as a volunteer for the Agency for New Americans in Raleigh, North Carolina. Denise had a fairly good career going with various federal agencies after graduating with a degree in accounting. She decided to stay at home after she and her husband started a family. Now that their youngest was in high school, Denise decided she needed something more to do than manage the household. She decided on volunteer work and joined the Agency for New Americans. The purpose of the Agency for New Americans is to help new arrivals become comfortable with the basic activities necessary to function in American society. One of the major activities, of course, is shopping for food and other necessities. Denise had just returned from her first outing to a supermarket with a recently arrived Somali Bantu family. It was their first time also, and they were astonished by both the variety and selection. Since the family was on a very limited budget, Denise spent much time talking about comparison shopping, and for someone working with a new currency, this was hard.

She didn't even want to tell them the store they were in was only one of four possible chains within a mile of their apartment. Denise realized the store she started with would be the one they would automatically return to when on their own. Next week, Denise and the family were scheduled to go to a discount store. Denise typically goes to a national chain close to her house but hasn't felt the need to be primarily a value shopper for some time. Since she feels the Somali family will automatically return to the store she picks, and she has her choice of two national chains and one regional chain, she decides to not automatically take them to "her" store. Because each store advertises low prices and meeting all competitors' prices, she also doesn't want to base her decision on what she hears on commercials. Instead, she picks a random selection of items and finds the prices in each store. The items and prices are shown in the file New Americans. In looking at the data, Denise sees there are differences in some prices but wonders if there is any way to determine which store to take the family to.

Required Tasks: 1. Identify the major issue in the case.

2. Identify the appropriate statistical test that could be conducted to address the case's major issue.

3. Explain why you selected the test you choose in (2).

4. State the appropriate null and alternative hypotheses for the statistical test you identified.

5. Perform the statistical test(s). Be sure to state your conclusion(s).

6. If possible, identify the stores that Denise should recommend to the family.

7. Summarize your analysis and findings in a short report.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92463369
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A coin is biased so that the probability of obtaining heads

A coin is biased so that the probability of obtaining heads is ¾, What is the probability of obtaining at least three heads in four tosses of the coin?

For the given cash flows below assume the cash flow is the

For the given cash flows below, assume the cash flow is the same in the next 2 years. Compute the NPV for each project, and compute the incremental IRR. Compare and explain why NPV always gives the correct decision.      ...

How do you calculate true population proportion if your

How Do you calculate true population proportion if your defective sample is too small? For example, if you have 50 and defect is 4. Please look below for more details.

In a health club research shows that on average patrons

In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...

Please show all worka pair of dice is tossed and the face

Please show all work. A pair of dice is tossed and the face number of each die is recorded. Assuming the dice are fair, what's the probability of the sum of the die faces showing is even?

We choose a number from the set 1 2 100 uniformly at

We choose a number from the set {1, 2, ..., 100} uniformly at random and denote this number by  X . For each of the following choices, determine whether the events in question are independent or not. A = {X is even}, B = ...

The height of 5th grade boys is normally distributed with

The height of 5th grade boys is normally distributed with mean μ=57 inches and standard deviation σ=2 inches. What is the probability that the height of a randomly selected 5th grade boy will be between 53 inches and 61 ...

What does the real world evidence say about the law of one

What does the real world evidence say about the law of one price?

Please let me know what are the steps involved in computing

Please let me know what are the steps involved in computing the future value when you have multiple cash flows.

A car gets involved in an accident 80 of the time if it is

A car gets involved in an accident 80% of the time if it is defective. If it is not defective, the probability reduces to 40%. 30% of all cars are defective. If a car is involved in an accident, what is the probability t ...

  • 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