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Q: explain in detail the difference between the concept of Pareto optimality and Pareto superiority.
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Q: 4. At what rate of simple interest will the sum of money double itself in 6 years. 5. Solve for F,…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
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Q: 4.
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- A publisher reports that 50%50% of their readers own a particular make of car. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 240240 found that 45%45% of the readers owned a particular make of car. Determine the P-value of the test statistic. Round your answer to four decimal places.The gym teacher wants to know how many students attend games. She asks 80 students throughout the day. What is the sample?In 2015, the average duration of long-distance telephone calls from a certain town was 3.9 minutes. A telephone company wants to perform a test to determine whether this average duration of long- distance calls has changed. Fifty calls, originating from the town, was randomly selected and the following summary minutes. ∑ ? = 205 ∑(? − ?̅)2 = 56.43 Calculate the sample mean, ?̅. Calculate the sample standard deviation.
- 18. Car and Taxi Ages When the author visited Dublin, Ireland (home of Guinness Breweryemployee William Gosset, who first developed the t distribution), he recorded the ages of randomlyselected passenger cars and randomly selected taxis. The ages can be found from thelicense plates. (There is no end to the fun of traveling with the author.) The ages (in years) arelisted below. We might expect that taxis would be newer, so test the claim that the mean age ofcars is greater than the mean age of taxis.Explain in details the importance of collecting a representative sample to answer a question about a populationAlso find the p value and test statistic
- In studying his campaign plans, Mr. Singleton wishes to estimate the difference between men's and women's views regarding his appeal as a candidate. He asks his campaign manager to take two random independent samples and find the 80%80% confidence interval for the difference. A random sample of 508508 male voters and 605605 female voters was taken. 108108 men and 193193 women favored Mr. Singleton as a candidate. Find this confidence interval. Step 1 of 4 : Find the values of the two sample proportions, pˆ1�^1 and pˆ2�^2. Round your answers to three decimal places.A researcher is interested to search students’ willingness in participating in sport. Students are at undergraduate level and form different specialization studying in particular college. The researcher wants to interview students from all specializations in order to find whether there is a link between specialization and participation in sport. He arranges the by undergraduate specialization, next, he selects students randomly within each specialization. What is the name of sampling method?As the sample size increases, the variance of the sample mean Select one: a. increases b. not enough info to know c. decreases d. stays constant
- A __________ is a characteristic of a population. Multiple Choice normal distribution descriptive statistics parameter sampleSuppose you apply an estimator to sample data and you get an estimate of 5 forwhatever sample you draw from the population. Is this estimator the most efficient because itsvariance is zero? Why or why not?Sixteen smokers whose ages were between 50 and 65 years were randomly selected. Blood samples were taken from them. Their cholesterol levels were determined and are presented below. 181 287 240 256 257 179 209 296 211 231 171 248 189 212 189 187 Compute the following: Sample mean Sample variance Sample standard deviation