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Business Statistics Communicating with Numbers Study Set 1
Quiz 10: Statistical Inference Concerning Two Populations
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Question 21
Multiple Choice
In the test for comparing two population means when population variances are unknown and unequal,a student calculates the degrees of freedom using the proper formula as 34.7.How many degrees of freedom should the student assume to find the p-value of the test?
Question 22
Multiple Choice
What type of data is required to compare prices of the same textbooks sold by two different vendors?
Question 23
Multiple Choice
When testing the difference between two population means under independent sampling,we use the z distribution if ____________.
Question 24
Multiple Choice
Assume the competing hypotheses take the following form:
versus
,where
is the population mean for population 1 and
is the population mean for population 2.Also assume that the populations are normally distributed and we use independent sampling.The population variances are not known and cannot be assumed equal.The value of the appropriate test statistic is computed as ____________.
Question 25
Multiple Choice
If the sampling distribution of
cannot be assumed normal,we _____________.
Question 26
Multiple Choice
A particular bank has two loan modification programs for distressed borrowers: Home Affordable Modification Program (HAMP) modifications,where the federal government pays the bank $1,000 for each successful modification,and non-HAMP modifications,where the bank does not receive a bonus from the federal government.In order to qualify for a HAMP modification,borrowers must meet a set of financial suitability criteria.Define the null and alternative hypotheses to test whether borrowers who receive HAMP modifications default less than borrowers who receive non-HAMP modifications.Let
and
represent the proportion of borrowers who received HAMP and non-HAMP modifications that did not re-default,respectively.
Question 27
Multiple Choice
What type of data should be collected when examining a situation in which two candidates running in different elections are being compared in their likelihood of winning their elections?
Question 28
Multiple Choice
A particular personal trainer works primarily with track and field athletes.She believes that her clients run faster after going through her program for six weeks.How might she test that claim?