ol Commuting to work: A community survey sampled 1923 people in Colorado and asked them how...
Commuting to work: A community survey sampled 1923 people in Colorado and asked them how long it took them to commute to work each day. The sample mean one-way commute time was 25.8 minutes with a standard deviation of 13 minutes. A transportation engineer claims that the mean commute time is greater than 25 minutes. Do the data provide convincing evidence that the engineer's claim is true? Use the a=0.01 level of significance and the critical value method with the...
A community survey sampled 1923 people in Colorado and asked them how long it took them to commute to work each day. The sample mean one-way commute time was 25.1 minutes with a standard deviation of 13 minutes. A transportation engineer claims that the mean commute time is greater than 25 minutes. Do the data provide convincing evidence that the engineer's claim is true? Use the a = 0.10 level of significance and the critical value method with the critical...
Watching TV: In 2012, the General Social Survey asked a sample of 1330 people how much time they spent watching TV each day. The mean number of hours was 3.05 with a standard deviation of 2.70. A sociologist claims that people watch a mean of 3 hours of TV per day. Do the data provide sufficient evidence to conclude that the mean hours of TV watched per day is more than the claim? Use the a=0.10 level of significance and...
Watching TV: In 2012, the General Social Survey asked a sample of 1326 people how much time they spent watching TV each day. The mean number of hours was 3.02 with a standard deviation of 2.64. A sociologist claims that people watch a mean of 3 hours of TV per day. Do the data provide sufficient evidence to conclude that the mean hours of TV watched per day differs from the claim? Use the a=0.01 level of significance and the...
Watching TV: The 2012 general Social Survey asked a large number of people how much time they spent watching TV each day. The mean number of hours was 3.09 with a standard deviation of 2.72. Assume that in a sample of 34 teenagers, the sample standard deviation of daily TV time is 1.9 hours, and that the population of TV watching times is normally distributed. Can you conclude that the population standard deviation of TV watching times for teenagers differs...
The price to earnings ratio (P/E) is an important tool in financial work. A random sample of 14 large U.S. banks (J. P. Morgan, Bank of America, and others) gave the following P/E ratios.† 24 16 22 14 12 13 17 22 15 19 23 13 11 18 The sample mean is x ≈ 17.1. Generally speaking, a low P/E ratio indicates a "value" or bargain stock. Suppose a recent copy of a magazine indicated that the P/E ratio of...