Chapter 6: Q107SE (page 374)
Use Table III, Appendix D to determine the values foreach of the following probability statements and their respectivedegrees of freedom (df ).
a.
b.
c.
d.
Short Answer
a.-0.6912
b.1.39682
c.0.0127
d.0.06337
Chapter 6: Q107SE (page 374)
Use Table III, Appendix D to determine the values foreach of the following probability statements and their respectivedegrees of freedom (df ).
a.
b.
c.
d.
a.-0.6912
b.1.39682
c.0.0127
d.0.06337
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Get started for freeThe following is a 90% confidence interval for p:(0.26, 0.54). How large was the sample used to construct thisinterval?
Interviewing candidates for a job. The costs associated with conducting interviews for a job opening have skyrocketed over the years. According to a Harris Interactive survey of senior human resources, executives at U.S. companies believe that their hiring managers are interviewing too many people to find qualified candidates for the job (Business Wire, June ).
a.Describe the population of interest in this study.
b.Identify the population parameter of interest .
c.Is the sample size large enough to provide a reliable estimate of ?
d.Find and interpret an interval estimate for the true proportion of senior human resources executives who believe that their hiring managers interview too many candidates during a job search. Use a confidence levelof .
e.If you had constructed a confidence interval, would it be wider or narrower?
Largest private companies. IPOs—initial public offerings of stock—create billions of dollars of new wealth for owners, managers, and employees of companies that were previously privately owned. Nevertheless, hundreds of large and thousands of small companies remain privately owned. The revenues of a random sample of 15 firms from Forbes 216 Largest Private Companies list are given in the table below
a. Describe the population from which the random sample was drawn.
b. Use a 98% confidence interval to estimate the mean revenue of the population of companies in question
c. Interpret your confidence interval in the context of the problem
d. What characteristic must the population possess to ensure the appropriateness of the estimation procedure used in part b?
e. Suppose Forbes reports that the true mean revenue of the 216 companies on the list is $5.0 billion. Is the claim believable?
A random sample of 90 observations produced a mean x = 25.9 and a standard deviation s = 2.7.
a. Find an approximate 95% confidence interval for the population mean
b. Find an approximate 90% confidence interval for
c. Find an approximate 99% confidence interval for
The following random sample was selected from a normal distribution: 4, 6, 3, 5, 9, and 3.
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