Pybus Market survey Fall 2014 | Pybus Market Survey winter 2015 | ||||||
Class | Midpoint(x) | Frequency(f) | xf | x^2f | Frequency (f) | xf | x^2f |
Under 30 | 21.5 | 61 | 1311.5 | 28197.25 | 18 | 387 | 8320.5 |
30-44 | 38 | 80 | 3040 | 115520 | 22 | 836 | 31768 |
44-60 | 52 | 60 | 3120 | 162240 | 28 | 1456 | 75712 |
Over 60 | 68 | 64 | 4352 | 295936 | 15 | 1020 | 69360 |
Sum= | 265 | 11823.5 | 601893.3 | 83 | 3699 | 185160.5 |
Hypothesis Testing Challenge #2-Discussion Board Group 3 Is there a significant difference between the mean age o...
3. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is his credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
2. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
Stats leab 9.1 Hypothesis Testing of a Single Mean and Single Proportion Class Time: Names: Student Learning Outcomes • The student will select the appropriate distributions to use in each case. The student will conduct hypothesis tests and interpret the results. Television Survey In a recent survey, it was stated that Americans watch television on average four hours per day. Assume that o = 2. Using your class as the sample, conduct a hypothesis test to determine if the average...
3. Testing a population mean The test statistic (Chapter 11) Aa Aa You conduct a hypothesis test about a population mean u with the following null and alternative hypotheses: Ho: u-25.8 H1: <25.8 Suppose that the population standard deviation has a known value of a observations, which provides a sample mean of % 30.7. 17.8. You obtain a sample of n =62 Since the sample size large enough, you assume that the sample mean X follows a normal distribution. Let...
2. Hypothesis tests about a population mean, population standard deviation known Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be extended credit...
5. Testing the population mean when the population standard deviation is known Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be extended...
2. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
To identify the correct Z(critical), it is important to determine whether the hypothesis test is one-tailed or two-tailed. The decision between a one- and two-tailed hypothesis is based on the researcher's expectations about the population from which the sample was selected. Many people believe that millennials are having more sex than people during the sexual revolution. You wonder whether the cohort currently in their mid-20s have had more sexual partners than older generations. Assume that the the average number of...
Q3. Hypothesis Testing with a Z Test (12 points) According to the CDC report, the mean life expectancy in the US population is currently (µ) 78.6 years with a standard deviation (σ) of 12. A researcher examined the age of death of 400 people recently recorded in several Arizona hospitals and calculated the mean to be 79.5 years old. He runs a two-tailed Z test with α = .05 to see if Arizona has a significantly different life expectancy compared...
Data Summaries Sample Mean Sample Std Dev Sample Size 79.998 11.588 1000 Hypothesis Testing Confidence Interval Creation Level of Confidence: 95% Alpha (a) Value: 0.05 MOE 0.719 9 - MOE: 79.279 9 + MOE: 80.717 Confidence Interval Question What is the confidence interval telling you about the population parameter? Use the formula: df = n-1 Use the formula: (9-4_0)/(s/sqrt(n)) Degrees of Freedom: Alpha (a) Value: Test Statistic Value: Is your test statistic a z value or at value? P-Value Method...