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Statistics
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Business Statistics
Quiz 10: Estimation and Hypothesis Testing for Two Population Parameters
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Question 21
True/False
When conducting a hypothesis test to determine whether or not two groups differ,using paired samples rather than independent samples has the advantage of controlling for sources of variation that might distort the conclusions of the study.
Question 22
True/False
An accounting firm has been hired by a large computer company to determine whether the proportion of accounts receivables with errors in one division (Division 1)exceeds that of the second division (Division 2).The managers believe that such a difference may exist because of the lax standards employed by the first division.To conduct the test,the accounting firm has selected random samples of accounts from each division with the following results.
Based on this information,and using a significance level equal to 0.05,the pooled estimator for the overall proportion is ρ = .1050.
Question 23
True/False
There is interest at the American Savings and Loan as to whether there is a difference between average daily balances in checking accounts that are joint accounts (two or more members per account)versus single accounts (one member per account).To test this,a random sample of checking accounts was selected with the following results:
Based upon these data,the critical value from the t-distribution for testing the difference between the two population means using a significance level of 0.05 is t = 1.6772.
Question 24
True/False
The Sergio Lumber Company manufacturers plywood.One step in the process is the one where the veneer is dried by passing through a huge dryer (similar to an oven)where much of the moisture in the veneer is extracted.At the end of this step,samples of veneer are tested for moisture content.It is believed that pine veneer will be less moist on average than will fir veneer.The following data were reported recently where the values represent the percent moisture in the wood:
Based on these data,the critical t value from the t-distribution will be 1.7459 if the significance level is set at 0.05.
Question 25
True/False
If you are interested in estimating the difference between the means of two samples that have been paired,the point estimate for this difference is the mean value of the paired differences.