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##### 1. A sport preference poll yielded the following...

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1. A sport preference poll yielded the following data for men and women. Use a 5% significance level and test to determine if sport preference and gender are independent. Sport Preferences of Men and Women Basketball Football Soccer Men 20 25 30 75 Women 18 12 15 45 38 37 45 120 What is the test value for this hypothesis test? Answer: Round your answer to two decimal places. What is the critical value for this hypothesis test? Answer: Round your answer to two decimal places. What is the conclusion for this hypothesis test? Choose one. 1. There is sufficient evidence to support the claim that one's sport preference is dependent on one's gender. 2. There is not sufficient evidence to support the claim that one's sport preference is dependent on one's gender. Answer: Enter only a 1 or 2 for your answer. 2. A company has observed that there is a linear relationship between indirect labor expense (ILE) , in dollars, and direct labor hours (DLH). Data for direct labor hours and indirect labor expense for 18 months are given in the file ILE_and_DLH.xlsx Treating ILE as the response variable, use regression to fit a straight line to all 18 data points. Based on your results, If direct labor hours (DLH) increases by one hour, the indirect labor expense (ILE), on average, increases by approximately how much? Place your answer, rounded to 2 decimal places, in the blank. Do not use any stray punctuation marks or a dollar sign. For example, 34.56 would be a legitimate entry. 3. Q-Mart is interested in comparing its male and female customers. Q-Mart would like to know if the amount of money spent by its female charge customers differs, on average, from the amount spent by its male charge customers. To answer this question, an analyst collected random samples of 25 female customers and 22 male customers. Based on these samples, on average, the 25 women charge customers spent $102.23 and the 22 men charge customers spent $86.46. Moreover, the sample standard deviation of the amount charged by the 25 women was $93.393, and the sample standard deviation of the amount charged by the 22 men was $59.695. Suppose, using a 10% level of significance, you wish to know if there is sufficient evidence for Q-Mart to conclude that, on average, the amount spent by women charge customers differs from the amount spent by men charge customers. That is suppose you wish to test H0: versus H1: Assuming that the amounts spent by female and male charge customers at Q-Mart are normally distributed, based on the procedure advocated by Bluman, what is/are the critical values that you would use to conduct this test of hypothesis? Place your answer, rounded to 3 decimal places, in the blank. If there are two critical values, place only the positive value in the blank. For example, 2.035 would be a legitimate entry. 4. A popular retail store knows that the purchase amounts by its customers is a random variable that follows a normal distribution with a mean of $30 and a standard deviation of $9. What is the probability that a randomly selected customer will spend between $20 and $35 at this store? Place your answer, rounded to 4 decimal places, in the blank. For example, 0.3456 would be a legitimate entry. 5. If a sample has 20 observations and a 95% confidence estimate for is needed, the appropriate value of the t-multiple required is . Place your answer, rounded to 3 decimal places, in the blank. For example, 4.567 would be a legitimate entry. 6. The annual returns, in percentages, on stocks A and B for three possible states of the economy are given in the table below. Economy State Probability StockA StockB Good 0.5 40 20 Average 0.3 20 40 Bad 0.2 10 8 If one invested in StockA, what would be the standard deviation of the percentage return? Place your answer, in percent rounded to 1 decimal place, in the blank. For example, a standard deviation of 10.39 percent would be reported as 10.4. Do not use a percent sign. 7. A survey determines that mint chocolate chip is the favorite ice cream flavor of 6% of consumers. An ice cream shop determines that of 190 customers, 15 customers stated their preference for mint chocolate chip. Find the P-value that would be used to determine if the percentage of customers who prefer mint chocolate chip ice has increased at a 5% level of significance. P-value: Round your answer to four decimal places as necessary. 8. A daily lottery is conducted in which two winning numbers are selected out of 100 numbers. How many different combinations of winning numbers are possible? Place your answer in the blank. Do not use any decimal places or commas. For example, 45 would be a legitimate entry.

Paper#8256 | Written in 18-Jul-2015

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