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Statistics
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Statistics for Business and Economics Study Set 2
Quiz 11: Inferences About Population Variances
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Question 81
Essay
A sample of 16 students showed that the variance in the number of hours they spend studying is 25. At 95% confidence, test to see if the variance of the population is significantly different from 30. Use the critical value approach.
Question 82
Essay
We are interested in determining whether or not the variances of the starting salaries of accounting majors is significantly different from management majors. The following information was gathered from two samples.
At 90% confidence, test to determine whether or not the variances are equal.
Question 83
Essay
A company claims that the standard deviation in their delivery time is less than 5 days. A sample of 27 past customers is taken. The average delivery time in the sample was 14 days with a standard deviation of 4.5 days. At 95% confidence, test the company's claim. Use the critical value approach.
Question 84
Essay
The average grade of a sample of 30 students on their second statistics examination was 85 with a standard deviation of 11. Is the variance of the population significantly more than 80? Use a 0.05 level of significance.