Question

In: Statistics and Probability

Problem 3 Look back on the data from Problem 2 regarding the time required to perform...

Problem 3 Look back on the data from Problem 2 regarding the time required to perform a repetitive task (in seconds) on an assembly line for Farnsworth (the seasoned employee) and Higgenbottom (the newby). The times are shown in chronological order.

a. Find a 95% confidence interval for the standard deviation of times for Farnsworth. Do the same for Higgenbottom. What do these confidence intervals indicate?

b. Given that these times are listed chronologically, how useful are the confidence intervals in part a? Specifically, is there any evidence that the variation in times is changing through time for either of the two workers?

n=70

standard deviation for Farnsworth= 4.022

standard deviation for Higgenbottom = 6.073

Solutions

Expert Solution

Answer: ----    Date: ----30/6/2019


Related Solutions

Going back to the example from question 3, suppose we now decide to look at similar...
Going back to the example from question 3, suppose we now decide to look at similar data but compare men and women’s drinking habits. What is the 99% confidence interval for the difference between the average for men and women? What is the test statistic for the difference from men to women? What is the p-value? Gender Men Women Sample Size 20 22 Average Drinks Per Week 10.5 4.7 Sample Standard Deviation 11.7 4.8
Part 2: Problem Solving - Journal perform the accounting required for the acquisition of Little, Inc....
Part 2: Problem Solving - Journal perform the accounting required for the acquisition of Little, Inc. by Big, Inc. Within the worksheet, you are to: Select an accounting method (either cost or equity) and explain why you selected this method Perform the required journal entries Complete the consolidation worksheet Prepare the consolidated balance sheet in good form Part II Assume that Big Company decides to acquire 100% of Little Company for $200,000. Prepare the consolidated balance sheet and any supporting...
question Use the data from problem 2 and a 365 day year. If the lead time...
question Use the data from problem 2 and a 365 day year. If the lead time for placing an order is 14 days, and Stanley's Office Supply holds a Safety Stock of 75 days Supply of Boxes of Pens, then at what inventory level in Boxes should an order be placed? Enter your answer rounded to two decimal places. For example, if your answer is 123.45% or 1.2345 then enter as 1.23 in the answer box. data from question 2...
Alternative problem E Goodwin Company has three segments: 1, 2, and 3. Data regarding these segments...
Alternative problem E Goodwin Company has three segments: 1, 2, and 3. Data regarding these segments follow: Segment 1      Segment 2      Segment 3 Contribution to indirect expenses $ 432,000        $ 208,800        $ 72,000 Assets directly used by and identified with the segment                        3,600,000           1,440,000     360,000 a. Calculate the return on investment for each segment. Rank them from highest to lowest. b. Assume the cost of capital is 10% for a segment. Calculate the residual income...
Q.1 Marks 2 (CLO 3) From the following data, you are required to: - (a) Fit...
Q.1 Marks 2 (CLO 3) From the following data, you are required to: - (a) Fit the regression line Y on X and predict Y if x = 20 (b) Fit the regression line X on Y and predict X if y = 10 Y X 14 4 4 12 2 8 2 6 4 4 6 4 4 16 12 8 Note : Answers should be in Word or Excel Format
Regarding elements of good presentation of data. Look for an example of the following: 1. A...
Regarding elements of good presentation of data. Look for an example of the following: 1. A graphical display that meets the criteria of good presentation of data. -Explain why it meets the criteria. -Fully explain what is being communicated in the graph. 2. A graphical display that does not meet the criteria of good presentation of data. - Explain why it does not meet the criteria. - Fully explain what the author of the graph should have done differently to...
Erickson believed that old age is a time during which we look back on our lives...
Erickson believed that old age is a time during which we look back on our lives to reflect on what we have accomplished with the recognition that we are unable to really do things differently. Do you agree with Erickson's opinion? Why or why not? If you were to write your own obituary prior to your death during old age, what would you write?
The following data was collected from a global warming exercise regarding the time elapsed in months...
The following data was collected from a global warming exercise regarding the time elapsed in months between major floods attributed to global warming. Time Elapsed: 1,2,2,1,1,1,2,2,3,4,3,4,3,5,3,4,3,4,6,7,8,6,7,6,8,7,6,7,6,7,6,8,9,9,10,10,11,11,11,9,9,10,12,13,14,14,14,13, 13,12,12,15,15,16,16,17,17,16,18,19,20,20,21,23,23,19,19,11,13,12,24 Using the Method of Moments (MM) for a data fit investigation to a distribution i. Find an estimate for the Exponential distribution parameter. ii. Find estimators for Gamma distribution parameters. iii. Find estimators for Normal distribution parameters iv. Write down the log-likelihood function for the normal distribution (only in terms of the summation...
How to proof that the 2-partition problem can be transformed to 3-partition problem and the time...
How to proof that the 2-partition problem can be transformed to 3-partition problem and the time complexity of the transformation (i.e. the 2-partition problem can be solved by using an algorithm that solves the 3-partition problem)
3. The time T required to receive a message at node B from node A is...
3. The time T required to receive a message at node B from node A is an exponentially distributed random variable with mean 1/10 (milliseconds). The time T is measured from the moment that a message left node A to the moment that it was received by node B. a) What is the probability that T exceeds 105 milliseconds? b) What is the probability that a message is received after 200 milliseconds given that no message was received before 95...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT