Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Florida Department of Labor and Employment Security reported state mean annual wage was $26,133 (Naples Daily News, Feb. 13, 1999). Hypothesis test of wages by county can be performed to see whether mean annual wage for particular county diers from state mean. Sample of 550 individuals from Collier County illsutrated sample mean annual wage of $25,457. Suppose that = $7600, is there adequate evidence to conclude that mean annual wage of people from this county is signicantly dierent than state mean?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9379147

Have any Question?


Related Questions in Statistics and Probability

If net income in 2012 956 and if the following changes

If net income in 2012 = $956, and if the following changes occur between 2011 and 2012, compute Net Cash Flow from Operating Activities for 2012: Accounts receivable change from $157 to $237 Gross fixed assets change fro ...

Letnbspnmnbspv denote the normal random variable with

Let  N ( m ,  v ) denote the normal random variable with mean  m  and  variance   v . (a) If  X  is a  Standard Normal  variable, what is the distribution of the random variable 4 X  - 1? (b) If  X  ~  N (3,1) and  Y  ~  ...

Write out the sample space for the possible genders of the

Write out the sample space for the possible genders of the children. (For example, BBG would be one possible outcome in the sample space.) Use the sample space to find the probability that the family has at least one gir ...

A coin is randomly picked from a collection of 10 coins the

A coin is randomly picked from a collection of 10 coins, the ith coin having a probabiliity i/10 of coming up heads. The coin in then flipped repeatedly until a head appears. Let X be the number of flips necessary. Find ...

Suppose metal shafts produced have a standard deviation of

Suppose metal shafts produced have a standard deviation of 2.8 and a mean diameter of 210 inches. If 84 shafts are sampled at random, what is the probability that the mean diameter of the sample shafts would be less than ...

Determine the sample size needed to construct a 90

Determine the sample size needed to construct a 90?% confidence interval to estimate the average GPA for the student population at a college with a margin of error equal to 0.5. Assume the standard deviation of the GPA f ...

Rand corporation has a 00 probability of a return of 06 a

Rand Corporation has a 0.0 probability of a return of 0.6, a 0.3 probability of a rate of return of 0.05, and the remaining probability of a 0.92 rate of return. What is the expected rate of return of Rand Corporation?

Owning a business what do you see as the biggest challenge

Owning a business, what do you see as the biggest challenge or challenges in developing a useful forecasting?

In an effort to check the quality of their cellnbspphones a

In an effort to check the quality of their cell? phones, a manufacturing manager decides to take a random sample of 10 cell phones from? yesterday's production? run, which produced cell phones with serial numbers ranging ...

A forest type consists of three species of trees25 are

A forest type consists of three species of trees: 25% are Douglas-fir 40% are Hemlock 35% are Western Red Cedar a) What is the probability that a tree selected at random will be a Douglas-fir? b) What is the probability ...

  • 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