Question

A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the diffeWN Brand A 34,300 41,400 37,200 33,100 41,500 44,600 37,000 36.000 Brand B 36,100 41,800 37,700 32,000 40,100 48,300 38,100 3

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Brand A ( X ) Σ ( Xi- X̅ )2 Brand B ( Y ) Σ ( Yi- Y̅ )2
34300 14726406.25 36100 7770156.25
41400 10643906.25 41800 8482656.25
37200 878906.25 37700 1410156.25
33100 25376406.25 32000 47437656.25
41500 11306406.25 40100 1470156.25
44600 41763906.25 48300 88595156.25
37000 1293906.25 38100 620156.25
36000 4568906.25 37000 3562656.25
Total 305100 110558750 311100 159348750

Mean X̅ = Σ Xi / n
X̅ = 305100 / 8 = 38137.5
Sample Standard deviation SX = √ ( (Xi - X̅ )2 / n - 1 )
SX = √ ( 110558750 / 8 -1 ) = 3974.1801

Mean Y̅ = ΣYi / n
Y̅ = 311100 / 8 = 38887.5
Sample Standard deviation SY = √ ( (Yi - Y̅ )2 / n - 1 )
SY = √ ( 159348750 / 8 -1) = 4771.1746

Confidence interval :-
(X1 – X2) + ta/2,DF) (S}/n1) + (S}/n2)

DF = ((S/n1+ s/n2))/((S/nl)/n1 - 1) + (S/n2)/n2 - 1))
DF = ((3974.1801/8+4771.17462/8))/((3974.18012/8)/8-1)+(4771.1746-/8)/8-
DF = 13

t(α/2, DF) = t(0.1 /2, 13 ) = 1.771
(38137.5 - 38887.5) – 10.1/2.13 (3974.18012/8) + (4771.17462/8)
Lower Limit = (38137.5 - 38887.5) - 10.1/2.13 (3974.18012/8) + (4771.17462/8)
Lower Limit = -4637.9
Upper Limit = (38137.5 - 38887.5) + +0,1/2,13 (3974.18012/8) + (4771.17462/8)
Upper Limit = 3137.90
90% Confidence interval is ( -4637.9 , 3137.9 )


Add a comment
Know the answer?
Add Answer to:
A taxi company is trying to decide whether to purchase brand A or brand B tires...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A taxi company is trying to decide whether to purchase brand A or brand B tires...

    A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the difference in the two brands, an experiment is conducted using 8 of each brand, assigned at random to the left and right rear wheels of 8 taxis. The tires are run until they wear out and the distances, in kilometers, are recorded in the accompanying data set. Find a 95% confidence interval for H, - Hy....

  • A taxi company is trying to decide whether to purchase brand A or brand B tires...

    A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the difference in the two brands, an experiment is conducted using 13 of each brand. The tires are run until they wear out. The results are given in the table below. Compute a 95% confidence interval for HA-Ha assuming the populations to be approximately normally distributed. You may not assume that the variances are equal Brand A...

  • X 9.9.43 Question Help A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet...

    X 9.9.43 Question Help A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the difference in the two brands, an experiment is conducted using 16 of each brand. The tires are run until they wear out. The results are given in the table below. Compute a 95% confidence interval for u. He assuming the populations to be approximately normally distributed. You may not assume that the...

  • A taxi company is trying to decide whether to purchase brand A or brand B tires...

    A taxi company is trying to decide whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the difference in the two​ brands, an experiment is conducted using 16 of each brand. The tires are run until they wear out. The results are given in the table below. Compute a 90​% confidence interval for muAminusmuB assuming the populations to be approximately normally distributed. You may not assume that the variances are equal. A taxi...

  • Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A...

    Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A or brand B tires for the company's new models. To help them arrive at a decision, an experiment is conducted using 12 of each brand. The tires are run until they wear out, with the accompanying results. Test the hypothesis that there is no difference in the average wear of the two brands of tires. Assume the populations to be approximately normally distributed with...

  • Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A...

    Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A or brand B tires for the company's new models. To help them arrive at a decision, an experiment is conducted using 12 of each brand. The tires are run until they wear out, with the accompanying results. Test the hypothesis that there is no difference in the average wear of the two brands of tires. Assume the populations to be approximately normally distributed with...

  • Problem # 7 (a) A taxi company is trying to decide: whether to purchase brand A...

    Problem # 7 (a) A taxi company is trying to decide: whether to purchase brand A or brand B tires for its fleet of taxis. To estimate the difference in the two brands, an experiment is conducted using 12 of each brand. The tires are run until they wear out. The results are Brand .4: 1- 36,300 kilometers, 15,000 kilometers Brand B: 2-38, 100 kilometers, s26, 100 kilometers. Compute a 95% confidence interval for A- B assuming the populations to...

  • solve it on paper 62.6 used on Problem 9.43, 9.78 & 9.44; page 295) A taxi...

    solve it on paper 62.6 used on Problem 9.43, 9.78 & 9.44; page 295) A taxi company is trying to decide whether to purchase brand-1 or brand-2 tires for its fleet of taxis. To estimate the difference in the two brands, an experiment is conducted using 12 of each brand. The tires are run until they wear out. The results are: Brand 1: ni = 12, X = 36,700 kilometers, s} = 5,200 kilometers. Brand 2: n2 = 12, =...

  • Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A...

    Engineers at a large automobile manufacturing company are trying to decide whether to purchase brand A or brand B tires for the company's new models. To help them arrive at a decision, an experiment is conducted using 12 of each brand. The tires are run until they wear out, with the accompanying results. Test the hypothesis that there is no difference in the average wear of the two brands of tires. Assume the populations to be approximately normally distributed with...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT