Services
Discover
Homeschooling
Ask a Question
Log in
Sign up
Filters
Done
Question type:
Essay
Multiple Choice
Short Answer
True False
Matching
Topic
Statistics
Study Set
Introduction to Business Statistics
Quiz 11: Hypothesis Tests Involving Two Sample Means
Path 4
Access For Free
Share
All types
Filters
Study Flashcards
Practice Exam
Learn
Question 21
Multiple Choice
Diet and health have become big business,but many people are not following good health practices.In 1980,a survey of 150 indicated that 30 percent said that at least one time during that year they had five or more alcoholic drinks in one sitting.In 2000,a similar survey of 150 showed that 38 percent had five drinks in one sitting at least one time during the year.Does this represent a significant increase? Use 0.01 level of significance.
Question 22
Multiple Choice
When the necessary conditions are met,a two-tail test is being conducted to test the difference between two population proportions.The two sample proportions are p
1
= 0.25 and p
2
= 0.20,and the standard error of the sampling distribution of p
1
- p
2
is 0.04.The calculated value of the test statistic will be:
Question 23
Multiple Choice
In testing the difference between two population means using two independent samples,the sampling distribution of the sample mean difference
x
‾
1
−
x
‾
2
\overline { \mathrm { x } } _ { 1 } - \overline { \mathrm { x } } _ { 2 }
x
1
−
x
2
is normal if the:
Question 24
Short Answer
Chrysler corp Chrysler Corp.is responding to an advertisement by Toyota,which claims that its compact version gets much better gasoline mileage for in-city driving than any U.S.made car.Below are the results of surveys conducted to test the claim.Perform the appropriate test at the 0.01 significance level.
Toyota
Clurysler
n
1
=
30
n
2
=
30
x
ˉ
1
=
24
x
ˉ
2
=
22.9
s
1
2
=
91.28
s
2
2
=
169.3
\begin{array} { | c | c | } \hline \text { Toyota } & \text { Clurysler } \\\hline n _ { 1 } = 30 & n _ { 2 } = 30 \\\bar { x } _ { 1 } = 24 & \bar { x } _ { 2 } = 22.9 \\s _ { 1 } ^ { 2 } = 91.28 & s _ { 2 } ^ { 2 } = 169.3 \\\hline\end{array}
Toyota
n
1
=
30
x
ˉ
1
=
24
s
1
2
=
91.28
Clurysler
n
2
=
30
x
ˉ
2
=
22.9
s
2
2
=
169.3
What is the p-value?
Question 25
Short Answer
Realtor A new realtor in a large community is attempting to determine differences in the selling prices of houses in two sections of the community.Population 1 is the Northeast and Population 2 is the Southwest.The realtor is going to perform the hypothesis test: H
0
:
μ
1
=
μ
2
\mu _ { 1 } = \mu _ { 2 }
μ
1
=
μ
2
H
1
:
μ
1
≠
μ
2
\mu _ { 1 } \neq \mu _ { 2 }
μ
1
=
μ
2
A random sample of 35 sale homes is taken from the Northeast and 41 from those in the Southwest using the multiple listing services.A Minitab summary of the results of the two samples expressed in thousands follows:
N
MEAN
MEDIAN
TRMEAN
STDEV
SE MEAN
NORTHEAST
35
86.789
84.800
88.313
60.067
10.153
SOUTHWEST
41
60.490
62.200
61.857
14.740
2.302
\begin{array} { l c c c c c c } & \text { N } & \text { MEAN } & \text { MEDIAN } & \text { TRMEAN } & \text { STDEV } & \text { SE MEAN } \\\text { NORTHEAST } & 35 & 86.789 & 84.800 & 88.313 & 60.067 & 10.153 \\\text { SOUTHWEST } & 41 & 60.490 & 62.200 & 61.857 & 14.740 & 2.302\end{array}
NORTHEAST
SOUTHWEST
N
35
41
MEAN
86.789
60.490
MEDIAN
84.800
62.200
TRMEAN
88.313
61.857
STDEV
60.067
14.740
SE MEAN
10.153
2.302
-What is the standard error of the difference between the two means?
Question 26
Short Answer
Price earnings A comparison of the price-earnings (P/E)ratio for the top and bottom 100 companies in valuation is being prepared.A financial advisor randomly sampled each group to determine whether there is any difference in P/E ratios of the two groups of companies.Let 1 = a top 100 company and 2 = a bottom 100 company.Assume equal population variances and that the populations are normally distributed.The advisor is to use a 0.01 significance level.The data were randomly selected and are summarized below:
Top 100 company
Bottom 100 company
n
1
=
6
n
2
=
6
x
ˉ
1
=
18.83
x
ˉ
2
=
10.67
s
1
2
=
128.17
s
2
2
=
8.67
\begin{array} { | c | c | } \hline \text { Top 100 company } & \text { Bottom 100 company } \\\hline n _ { 1 } = 6 & n _ { 2 } = 6 \\\bar { x } _ { 1 } = 18.83 & \bar { x } _ { 2 } = 10.67 \\s _ { 1 } ^ { 2 } = 128.17 & s _ { 2 } ^ { 2 } = 8.67 \\\hline\end{array}
Top 100 company
n
1
=
6
x
ˉ
1
=
18.83
s
1
2
=
128.17
Bottom 100 company
n
2
=
6
x
ˉ
2
=
10.67
s
2
2
=
8.67
Calculate the standard error of the estimate.
Question 27
Multiple Choice
A political analyst in Texas surveys a random sample of registered Democrats and compares the results with those obtained from a random sample of registered Republicans.This would be an example of: