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- REPOSTING QUESTION FOR PART 2 Consider the following table: SS DF MS Test Statistic Among Treatments 1664.4 Error ? 11 370.45 Total 16 Step 4 of 8: Calculate the value of the test statistic. Please round your answer to two decimal places. Step 5 of 8: What is the sum of squares of sample means about the grand mean? Please round your answer to two decimal places. Step 6 of 8: What is the variation of the individual measurements about their respective means? Please round your answer to two decimal places. Step 7 of 8: What is the critical value at the 0.05 level? Please round your answer to four decimal places, if necessary. Step 8 of 8: Is the test statistic significant at 0.05?Jenny Fox evaluates managers who have a cross-sectional population standard deviation of returns of 8%. If returns are independent across managers, how large of a sample does Fox need so, the standard error of sample means is 1.265%? 7. 30. 40.. Prepare a scatter diagram for each of these data sets and then express in words the apparent relationship between the two variables. Put the first variable on the horizontal axis and the secondvariable on the vertical axis.b. Temperature (°F) 65 63 72 66 82 58 75 86 77 65 79Error rate 1 2 0 0 3 3 1 5 2 1 3
- #8 A cracker manufacturer wants to know how a new cracker she wants to make compares to the competition, so she has people in a sample of supermarkets across the country ask people to compare three crackers: one of her crackers and two competing crackers. This is an example of what kind of statistical study? Experiment Survey Observational StudyQ6 - A department store manager has monitored the number of complaints received per week about poor service. The probabilities for numbers of complaints in a week, established by this review, are shown in the table. Number of complaints 0 1 2 3 4 5Probability 0.17 0.30 0.33 0.07 0.05 0.08 What is the mean of complaints received per week? Please round your answer to the nearest hundredth.35.36.37 Answer those multiples choices questions. A) A Canadian university would like to know the opinion of its students to know if they prefer online or face-to-face courses. For this survey, she selected a group of 250 students from an American university. Is the study likely to obtain valid results? Yes, because the sample is large. Yes, because universities know how to conduct unbiased research. No, because the sample chosen is not representative of the population concerned. No, because a single sample is not enough to produce valid results. B) Clothing Inc. is a company that sells clothing. This store targets a small segment of consumers who have very specific fashion preferences. This is an example of: Undifferentiated targeting strategy Psychographic targeting Niche strategy differentiated targeting strategy No, because the sample chosen is not representative of the population concerned. C) A major advantage of secondary research is that it: Is easily…
- Based on a random sample of size 75, you observe a sample mean of 85.63 and a sample standard deviation of 19.71. Which of the following are the endpoints of a 90% confidence interval for the population mean? (Because of potential roundoff, choose the closest.) a. 82.69 to 88.57 b. 81.84 to 89.42 c. 79.61 to 91.65 d. 81.10 to 90.16You may need to use the appropriate appendix table or technology to answer this question. The following results come from two independent random samples taken of two populations. Sample 1 Sample 2 n1 = 60 n2 = 25 x1 = 13.6 x2 = 11.6 σ1 = 2.5 σ2 = 3 (a) What is the point estimate of the difference between the two population means? (Use x1 − x2.) (b) Provide a 90% confidence interval for the difference between the two population means. (Use x1 − x2. Round your answers to two decimal places.) to (c) Provide a 95% confidence interval for the difference between the two population means. (Use x1 − x2. Round your answers to two decimal places.) toY9 15. Sampling consumer data may be your only option due to time and cost constraints. Yet that will lead to “sampling error”, thus we do “confidence intervals” to lay out our certainty levels of our data findings. Please calculate a confidence interval for the percent of your customers you expect to go unsatisfied. You surveyed 76 customers and found that 22% of them were unsatisfied. You wish to be 97% confident when stating this interval range. The population of customer data is 600 surveys. Round your answers to the thousandth place. Hint: FPCF?
- In 800 words, What is non probability sampling and explain the types of the sampleq1- In order to determine the opinions and attitudes of customers who regularly shop at a particular centre, an analyst stands outside a large department store in the centre and randomly selects people to participate in the survey. Briefly explain why the analyst uses a random sample rather than the population to investigate the question of interest. (Hint: List two main reasons and briefly explain each.)The administration at a college wishes to estimate, the proportion of all its entering freshmen who graduate within four years, with 95% confidence. Estimate the minimum size sample required. Assume that the population standard deviation is σ = 0.25 and precision level is 0.03.