Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The management of a supermarket wanted to study the spending habits of its male and female customers. A random sample of 16 male customers who shopped at this supermarket showed that they spent an average of $55 with a standard deviation of $12. Another random sample of 25 female customers showed that they spent $85 with a standard deviation of $20.50. Assuming that the amounts spent at this supermarket by all its male and female customers were approximately normally distributed, construct a 90% con?dence interval for the ratio of variance in spending for males and females, σ2/σ2.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91640228

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Suppose a researcher is interested in the number of good

Suppose a researcher is interested in the number of good versus bad dreams that students have during final exam week. The researcher states that  p  = 0.52 that a student will have a bad dream during final exam week. (a) ...

Show worksuppose that you have just purchased a share of

Show Work Suppose that you have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7% indefinitely. What must your required return be on the stock?

Would you actually build a contingency chart for this

Would you actually build a contingency chart for this question or is this just probability basics? Bob sets two battery powered alarm clocks to make sure he wakes up in time for his 8 AM accounting test. Each alarm clock ...

Strip mining inc can develop a new mine at an initial cost

Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $39 million in 1 year. The land then must be reclaimed at a cost of $32 million in the second year. a.  Wha ...

Industries recently commissioned management consultants to

Industries recently commissioned management consultants to estimate an appropriate rate for investment projects with the same risk as the firm. Unfortunately, part of the report was lost, and you have been asked to calcu ...

Explain how each of the following situations would affect

Explain how each of the following situations would affect interest rate and consequently, the equity market. a) Sudden increase of capital expenditure by the businesses b) Decrease of household savings in the market c) S ...

A representative from your company visited a prison and

A representative from your company visited a prison and sampled 500 prisoners in Kailil, concluding that 90 of them are political prisoners. The Test hypothesis, at the 5% significance level, that one third of the prison ...

Assume that the coin is weighted so that a tail is 6 times

Assume that the coin is weighted so that a tail is 6 times as likely as a head. The coin is flipped 9 times. 1) What is the probability that both heads and tails occur?

List the three assumptions of the independent groups t-test

List the three assumptions of the independent groups t-test. The consequences of violating which assumption are exacerbated if you have unequal N

  • 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