The finance director at Ubuntu University of Science and Technology is concerned about the overhead costs at her university. Cost pressures are severe and so controlling and reducing overheads is very important. The director believes overhead costs incurred are generally a function of the number of different academic programmes, and the number of enrolled students. The following data has since been collected for analysis:
year | Overhead Costs |
Number of Academic Programmes |
Number of Enrolled Students |
1 | $13 500 | 29 | 3 400 |
2 | 19 200 | 36 | 5 000 |
3 | 16 800 | 49 | 2 600 |
4 | 20 100 | 53 | 4 700 |
5 | 19 500 | 54 | 3 900 |
6 | 23 100 | 58 | 4 900 |
7 | 23 700 | 88 | 5 700 |
8 | 20100 | 72 | 3 900 |
9 | 22 800 | 83 | 3 500 |
10 | 29 700 | 73 | 3 700 |
11 | 31 200 | 101 | 5 600 |
12 | 38100 | 103 | 7 600 |
Required
a) Using the above data, estimate the regression line
. b) Calculate the coefficient of determination.
c) What insights do the analyses provide about controlling and reducing overhead costs at the university?
In: Statistics and Probability
1. A national car rental company is interested in determining whether the mean days that customers rent cars is the same between three of its major cities. The following data reflect the number of days people rented a car for a sample of people in each of three cities.
Nizwa Sohar Muscat
5 7 7
3 7 5
7 11 8
1 5 11
2 7 15
9 3 17
a. Write down the null and alternative hypotheses to be tested.
b. Construct the ANOVA table
. c. Given the value of the tabulated F = 3.68 (α=.05), test the hypotheses you formulated in ‘a’ above.
d. Clearly state the test’s decision and conclusion. e. Perform pairwise comparisons and make conclusions (using t = 1.5).
In: Statistics and Probability
In what follows use any of the following tests/procedures: Regression, multiple regression, confidence intervals, one sided T-test or two sided T-test. All the procedures should be done with 5% P-value or 95% confidence interval.Some answers are approximated, choose the most appropriate answer.Open Brains data. SETUP: Scientists speculate that the heavier body the larger the human brain (Volume). Given the data your job is to confirm or disprove this assertion.
I. What test/procedure did you perform? (6.66 points)
II. Statistical interpretation? (6.66 points)
III. Conclusion? (6.66 points)
CCMIDSA: Corpus Collasum Surface Area (cm2) FIQ: Full-Scale IQ HC: Head Circumference (cm) ORDER: Birth Order PAIR: Pair ID (Genotype) SEX: Sex (1=Male 2=Female) TOTSA: Total Surface Area (cm2) TOTVOL: Total Brain Volume (cm3) WEIGHT: Body Weight (kg) 8.42 96 57.2 1 6 1 1806.31 1079 61.236 7.44 88 57.2 1 7 1 2018.92 1104 79.38 6.84 85 57.2 1 8 1 2154.67 1439 99.792 6.48 97 57.2 1 9 1 1767.56 1029 81.648 6.43 124 58.5 1 10 1 1971.63 1160 72.576 7.62 101 57.2 2 6 1 1689.6 1173 61.236 6.03 93 57.2 2 7 1 2136.37 1067 83.916 6.59 94 55.8 2 8 1 1966.81 1347 97.524 7.52 114 56.5 2 9 1 1827.92 1100 88.452 7.67 113 59.2 2 10 1 1773.83 1204 79.38 6.08 96 54.7 1 1 2 1913.88 1005 57.607 5.73 87 53 1 2 2 1902.36 1035 64.184 6.22 101 57.8 1 3 2 2264.25 1281 63.958 5.8 103 56.6 1 4 2 1866.99 1051 133.358 7.99 127 53.1 1 5 2 1743.04 1034 62.143 7.99 89 54.2 2 1 2 1684.89 963 58.968 8.76 87 52.9 2 2 2 1860.24 1027 58.514 6.32 103 56.9 2 3 2 2216.4 1272 61.69 6.32 96 55.3 2 4 2 1850.64 1079 107.503 7.6 126 54.8 2 5 2 1709.3 1070 83.009
In: Statistics and Probability
A total of n different products will be ordered from m different suppliers,
i) Find the probability that a given supplier will receive exactly k orders
ii) Find the probability that one of the suppliers will receive two thirds of the orders.
In: Statistics and Probability
Question 1
“PhysicalFun” is a physical center which opens 24 hours per day.
Each member of “PhysicalFun” has an access card. Members would be
charged in a weekly basic (Sunday 12:00a.m. to Saturday 11: 59
p.m.) according to the accumulated number of hours of facilities
used within a week. The weekly basic charge is $150 with an
additional charge of $30 per hour. According to the company record,
the number of hours a member spends in “PhysicalFun” in a week is
normally distributed with mean 15 hours and standard deviation 2.8
hours.
(a) What are the average and standard deviation of weekly charge of a member?
(b) Suppose the middle 85% of weekly charge of a member is denoted by $(L1, L2). Find the values of L1
and L2.
(c) The senior management suggests fixing the weekly charge per member at $700. Assume the number
of hours a member spends in “PhysicalFun” would not be changed due to the change of the weekly charge
calculation method. What proportion of members would pay more money than the original system?
(d) How many hours does a member spend in “PhysicalFun” in a week so he / she would be beneficial by
the new system?
In: Statistics and Probability
In your own words, Differentiate the following statistical terminology with some examples.
a. Population parameter and Sample Statistic.
b. Descriptive Statistic and inferential Statistic.
C. Nominal Scale and Ordinal Scale
d. Primary Data Source and Secondary Data Sources.
2. Data showing the population by state in million of people follow ( The World Almanac, 2012) The dataset in Excel file 2012Population.XLsx.
a. Develop a frequency distribution, a percent frequency distribution, and a histogram Use a class width of 2.5 million.
b. Does there appear to be any skewness in the distribution? Explain
c. What observation can you nake about the population of the 50 states?
In: Statistics and Probability
Does living together cause divorce? Couples were given a standardized psychological assessment that indicates the likelihood of divorce (higher scores indicate a higher likelihood of divorce) and asked them how many months they've lived together. The data is reported below:
Likelihood of divorce score | Months lived together |
87 | 54 |
65 | 36 |
45 | 20 |
32 | 5 |
05 | 0 |
Please complete all steps of hypothesis testing, create a scatterplot, and write a short explanation for what you think may be the underlying factor in this correlation (hint: be careful not to associate causal factors).
In: Statistics and Probability
1. The data below is the city gas mileage for a sample
of hybrid cars, as reported by the Environmental Protection Agency
in 2007.
30, 36, 33, 27, 31, 25, 28, 31, 45 mpg
Construct and interpret a 95% confidence interval for
the population mean for the miles per gallon of hybrids. You may
assume that the population of gas mileage normally distributed with
no outliers. Answer the following:
a What is the level of confidence?
b. What is your final numeric answer?
c. . Using the information from the previous question,
what is your final answer in the context of the problem in a
complete sentence.
2. In August 2003, it was reported that many employed
adults in the U.S. agreed that basic mathematical skills were very
important to their job. A job placement advisor wants to estimate
this proportion so she takes a random sample of 500 employed adults
and finds 320 of the feel that basic mathematics skills are very
important to their job. Find a 99% confidence interval
for the population proportion of those who reported that math
skills were very important to their job.
a. What is the level of confidence?
b. What critical value would you need to use with this
formula?
c. What is your final numeric answer?
d. Using the information from the previous question,
what is your final answer in the context of the problem in a
complete sentence
In: Statistics and Probability
Data for a sample of 30 apartments in a particular neighborhood are provided in the worksheet. You want to see if there is a direct relationship between Size of the Apartment and Rent.
Please see Attached Excel for Data.
Base on your results, If the Size of your Apartment increased by 1 Sq. Ft., on average, the Rent would increase 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. Make sure you put the 0 in front of the decimal.
For example, 34.56 would be a legitimate entry.
In: Statistics and Probability
The following data give the number of hours 10 students spent studying and their corresponding grades on their midterm exams.
Hours Studying | 0 | 0.5 | 1 | 1.5 | 3 | 3 | 3.5 | 4 | 4 | 5.5 |
---|---|---|---|---|---|---|---|---|---|---|
Midterm Grades | 63 | 63 | 67 | 69 | 71 | 72 | 73 | 73 | 81 | 89 |
A. Calculate the sum of squared errors (SSE). Use the values b0=61.3521 and b1=4.1338 for the calculations. Round your answer to three decimal places.
B. Calculate the estimated variance of errors, s2e. Round your answer to three decimal places.
C. Calculate the estimated variance of slope, s2b1. Round your answer to three decimal places.
D. Construct the 80%confidence interval for the slope. Round your answers to three decimal places. Lower endpoint: _______ Upper endpoint: ________
E. Construct the 98%confidence interval for the slope. Round your answers to three decimal places. Lower endpoint: _______ Upper endpoint: ________
In: Statistics and Probability
Consider the relationship between the number of bids an item on eBay received and the item's selling price. The following is a sample of 5 items sold through an auction.
Price in Dollars | 109 | 109 | 132 | 139 | 194 |
---|---|---|---|---|---|
Number of Bids | 13 | 13 | 15 | 19 | 20 |
A. Calculate the sum of squared errors (SSE). Use the values b0=4.5256b0=4.5256 and b1=0.0840b1=0.0840 for the calculations. Round your answer to three decimal places.\
B. Calculate the estimated variance of errors, s2e. Round your answer to three decimal places.
C. Calculate the estimated variance of slope, s2b1. Round your answer to three decimal places.
D. Construct the 90%confidence interval for the slope. Round your answers to three decimal places. Lower endpoint: ____ Upper endpoint: ________
E. Construct the 95%confidence interval for the slope. Round your answers to three decimal places. Lower endpoint: ____ Upper endpoint: ________
In: Statistics and Probability
Consider the following experiment: Simultaneously toss a fair coin and, independently, roll a fair die.
In: Statistics and Probability
An iceberg consists of frozen freshwater that has broken away from a glacier, and could be more than 15,000 years old. Icebergs in the Grand Banks area are estimated to weigh between 100,000 and 200,000 tons. Suppose a team of scientists aboard a research vessel operating in the Grand Banks area selects a random sample of 49 icebergs. The height is carefully measured for each, and the sample mean is x = 101 meters. Assume σ = 25 meters.
(a) Find a 99% confidence interval for the mean height of icebergs in the Grand Banks area (in meters). (Round your answers to four decimal places.)
(____________ , __________)meters
In: Statistics and Probability
Given two independent uniform random variables U1 and U2 both with parameters [0,1],
1) Calculate the probability that 0.3 <= X + Y <= 0.8
2) Calculate the PDF of X+Y
3) Calculate the PDF of X-Y
In: Statistics and Probability
In a college algebra class there are 18 freshman and 17 sophomores. Eight of freshman are females and 13 of sophomores are male. Student is selected at random, probability of selecting a female?
Three cards are drawn from a deck without replacement, what is the probability of selecting a king, a nine and a ten?
A light bulb is advertised as lasting a 100 hours with a standard deviation of 1500 hours. Find the probability of buying a light bulb and it lasting a) less than 1250 hours , b) between 901 and 1000 hours c) more than 901 hours
Show all work and formulas
In: Statistics and Probability