*. The cost of living index Number for the year 2005 from the following data 2005 2004 Commodity Price (p,) Quantity consumed (q.) Price (p,) A 25 16.0 35 36 7.0 48 C 12 3.5 16 6. 2.5 10 E 28 4.0 28 is : (A) 122.6 (B) 132.6 (C) 112.6 (D) 142.6.
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- Suppose that historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. To determine whether the proportion of new car buyers that trade in their old car has statistically significantly decreased, what is the p-value? (please round your answer to 4 decimal places)Suppose you wish to test wether the default rate of the bonds that are rated as investment grade by s&p is the same as the default rate on bonds rated as investments grade by fitch. What are the null and alternative hypotheses? What data would you need to test the null hypothesis? Thank you very much for your work, it helps me a lot to understand and validate my assumption.A clinical trial is being conducted in order to determine the efficacy of a new drug that will be used to treat rheumatoid arthritis. The efficacy of the medication will not only be determined by the physical improvement of symptoms but will also be determined by using a blood test to examine the concentration of C-reactive protein (an inflammatory marker) in an individual’s blood. If the researcher wants a margin of error for the level of C-reactive protein to be less than or equal to 1.5 mg/d and if the standard deviation for C-reactive protein concentrations among arthritis patients was previously documented at 6 mg/dL, how many patients should be recruited for each group of individuals in the study, assuming a 95% confidence interval will be used to quantify the mean differences between the control group and the treatment group?
- What is the average NO3- concentration at the upslope site (3 decimal places)? What is the average NO3- concentration at the downslope site ( 3 decimal places)? Given the EPA drinking water quality standard is 10 mg/L of nitrate, is the upslope site safe to drink based only on nitrate content? (Enter yes or no) Is the downslope site safe to drink, based only on NO3- concentration? (Enter yes or no) Assuming the two sites are hydrologically well connected, the transit time between the two sites is fast, and the two sites cannot be treated as independent samples, what kind of t-test should be performed to show that the upslope site is greater than the downslope site? Enter the letter of your answer choice in the answer blank A. one-tailed unpaired t-testB. two-tailed unpaired t-testC. one-tailed paired t-testD. two-tailed paired t-test What is the calculated t statistic, rounded to 4 decimal places? Is the calculated t statistic greater or less than the critical t value reported by…The control department of a light bulb manufacturer randomly picks 4400 light bulbs from the production lot every week. The records show that, when there is no malfunction, the defect rate in the manufacturing process (due to imperfections in the material used) is 1%. When 1.25% or more of the light bulbs in the sample of 4400 are defective, the control unit calls repair technicians for service. Answer the following. (If necessary, consult a list of formulas.) (a)Find the mean of p, where p is the proportion of defective light bulbs in a sample of 4400 when there is no malfunction. (b)Find the standard deviation of p. (c)Compute an approximation for P≥p0.0125, which is the probability that the service technicians will be called even though the system is functioning properly. Round your answer to four decimal places.A clinical trial is being conducted in order to determine the efficacy of a new drug that will be used to treat Crohn’s disease. The efficacy of the medication will not only be determined by the physical improvement of symptoms but will also be determined by using a blood test to examine the concentration C-reactive protein (an inflammatory marker) in an individual’s blood. If the researcher wants a margin of error for the level of C-reactive protein to be less than or equal to 2.9 mg/dL and the standard deviation for C-reactive protein concentrations among Crohn’s disease patients was previously documented at 10.1 mg/dL, how many patients should be recruited for each group of individuals in the study, assuming a 95% confidence interval will be used to quantify the mean differences between the control group and the treatment group? Group of answer choices nfor the treatment group = 12 and n for the control group = 12 nfor the treatment group = 14 and n for the control group = 14…
- A clinical trial is being conducted in order to determine the efficacy of a new drug that will be used to treat Crohn’s disease. The efficacy of the medication will not only be determined by the physical improvement of symptoms but will also be determined by using a blood test to examine the concentration C-reactive protein (an inflammatory marker) in an individual’s blood. If the researcher wants a margin of error for the level of C-reactive protein to be less than or equal to 2.9 mg/dL and the standard deviation for C-reactive protein concentrations among Crohn’s disease patients was previously documented at 10.1 mg/dL, how many patients should be recruited for each group of individuals in the study, assuming a 95% confidence interval will be used to quantify the mean differences between the control group and the treatment group? nfor the treatment group = 12 and n for the control group = 12 nfor the treatment group = 14 and n for the control group = 14 nfor…The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are in table #7.3.8 ("SOCR data 2008," 2013). Countries that are considered high-income have a mean economic dynamism of 60.29. Do the data show that the mean economic dynamism of middle-income countries is less than the mean for high-income countries? Test at the 5% level. Table #7.3.8: Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643Ophelia O'Brien, VP of Consumer Credit of American First Banks (AFB), monitors the default rate on personal loans at the AFB member banks. One of her standards is "no more than 5% of personal loans should be in default." On each Friday, the default rate is calculated for a sample of 500 personal loans. Last Friday's sample contained 30 defaulted loans. Using = 0.10, the observed z value is
- The control department of a light bulb manufacturer randomly picks 4400 light bulbs from the production lot every week. The records show that, when there is no malfunction, the defect rate in the manufacturing process (due to imperfections in the material used) is 1%. When 1.25% or more of the light bulbs in the sample of 4400 are defective, the control unit calls repair technicians for service. a)Find the mean of p, where p is the proportion of defective light bulbs in a sample of 4400 when there is no malfunction. b)Find the standard deviation of p. c)Compute an approximation for P≥p0.0125, which is the probability that the service technicians will be called even though the system is functioning properly. Round your answer to four decimal places.Table 1 shows the total amount spent in Malaysia by tourists from Saudi Arabia and Japan from 2010 to 2019. Based on Table 1, at the 0.01 level of significance, can we conclude that tourists from Saudi Arabia spent less than those from Japan. Table 1: Amount spend by tourists from Saudi Arabia and Japan Year Saudi Arabia Jepun 2010 0.7 1.1 2011 0.7 1.1 2012 0.8 1.4 2013 0.8 1.5 2014 1.1 1.8 2015 1.0 1.6 2016 1.3 1.3 2017 1.2 1.2 2018 1.3 1.7 2019 1.4 2.32) Assume that a population of thousands of people whose responses were used to develop an anxiety test had scores that were normally distributed with μ = 30 and σ = 10. What proportion of people in this population would have anxiety scores within each of the following ranges of scores? a) Between 10 and 50 b) Below 10 Please show your calculations (i.e., do not limit yourself to just showing the end result).
