Introduction to Probability and Statistics
Introduction to Probability and Statistics
14th Edition
ISBN: 9781133103752
Author: Mendenhall, William
Publisher: Cengage Learning
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Chapter 12.7, Problem 12.46E

a)

To determine

To estimate: The average number of passing number of yards for games in which Brees throws 20 completed passing using a 95% confidence interval

b)

To determine

To predict: The average number of passing number of yards for games in which Brees throws 20 completed passing using a 95% confidence interval

c)

To determine

To explain: Whether least square line from exercise 12.45 could be used to find the Brees’ total number of passing yards for a game in which he threw only five completed passes.

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A well-known brokerage firm executive claimed that 80% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 100 people, 79% of them said they are confident of meeting their goals.Test the claim that the proportion of people who are confident is smaller than 80% at the 0.025 significance level.The null and alternative hypothesis would be:   H0:p=0.8H0:p=0.8H1:p≠0.8H1:p≠0.8 H0:μ=0.8H0:μ=0.8H1:μ≠0.8H1:μ≠0.8 H0:μ≥0.8H0:μ≥0.8H1:μ<0.8H1:μ<0.8 H0:μ≤0.8H0:μ≤0.8H1:μ>0.8H1:μ>0.8 H0:p≤0.8H0:p≤0.8H1:p>0.8H1:p>0.8 H0:p≥0.8H0:p≥0.8H1:p<0.8H1:p<0.8 The test is: right-tailedtwo-tailedleft-tailed The test statistic is:_______________  (to 3 decimals)The p-value is:_____________  (to 4 decimals)

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Introduction to Probability and Statistics

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