Question

In: Statistics and Probability

PROBLEM 3: Is there a difference between the two suppliers of solar panels in proportion of...

PROBLEM 3:

Is there a difference between the two suppliers of solar panels in proportion of defectives?

Test at significance level =.01

Suppler A: 30/600 solar panels =defective

Suppler B: 10/400 solar panels =defective


PROBLEM 4:

Which school does better on the CPA exam? Test at .10 significance level.

CUNY: 30/100 Passed CPA Exam (all four parts)

SUNY: 40/180 Passed CPA Exam (all four parts)


PROBLEM 5:

Effect of estrogen on Alzheimer’s Disease.

Test at α=.05

Of the Women receiving estrogen: 7/100 developed Alzheimer’s

Of the Women not receiving estrogen: 27/150 developed Alzheimer’s


PROBLEM 6:

Direct Mail –Should Company use Sweepstakes, or not? Test at α=.05

Sweepstakes No Sweepstakes

Mailed Out 5,000 4,000

#of Orders 100 60

Solutions

Expert Solution

Ans 3 ) using minitab>stat>basic stat>two sample z

we have

Test and CI for Two Proportions

Sample X N Sample p
1 30 600 0.050000
2 10 400 0.025000


Difference = p (1) - p (2)
Estimate for difference: 0.025
99% CI for difference: (-0.00548896, 0.0554890)
Test for difference = 0 (vs ≠ 0): Z = 1.98 P-Value = 0.048

since p value is greater than 0.01 so we conclude that there is no difference between two suppliers.

Ans 4) using minitab>stat>basic stat>2 proportion

we have

Test and CI for Two Proportions

Sample X N Sample p
1 30 100 0.300000
2 40 180 0.222222


Difference = p (1) - p (2)
Estimate for difference: 0.0777778
90% CI for difference: (-0.0132143, 0.168770)
Test for difference = 0 (vs ≠ 0): Z = 1.44 P-Value = 0.150

since 90% confidence interval contain 0 so we conclude that both school do same.

Ans 5) using minitab>stat>bsic stat>two sample proportion

we have

Test and CI for Two Proportions

Sample X N Sample p
1 7 100 0.070000
2 27 150 0.180000


Difference = p (1) - p (2)
Estimate for difference: -0.11
95% CI for difference: (-0.189251, -0.0307486)
Test for difference = 0 (vs ≠ 0): Z = -2.49 P-Value = 0.013

since p value is 0.013 < 0.05

so there is an Effect of estrogen on Alzheimer’s Disease.

Ans 6 ) using minitab>stat>basic stat>two sample proportion

we have

Test and CI for Two Proportions

Sample X N Sample p
1 100 5000 0.020000
2 60 4000 0.015000


Difference = p (1) - p (2)
Estimate for difference: 0.005
95% CI for difference: (-0.000408133, 0.0104081)
Test for difference = 0 (vs ≠ 0): Z = 1.78 P-Value = 0.074

since p value is greater than 0.05 so Company should not use Sweepstakes.


Related Solutions

Flat Solar Panels: A field of flat solar panels angled to best catch the incident solar...
Flat Solar Panels: A field of flat solar panels angled to best catch the incident solar radiation is expected to yield a power of 2.6 MW and will cost $87 million initially with first-year operating costs of $2 million, growing 250,000 annually. It will produce electricity worth $6.9 million the first year; this revenue stream is expected to increase at a simple interest rate of 12%, every year from there on (that is, 112% of 6.9 Mil in year 2,...
The government decides to subsidize the solar panels industry to encourage the adoption of solar panels...
The government decides to subsidize the solar panels industry to encourage the adoption of solar panels and enhance its competitiveness. They decide to subsidize the producers by $8 for every unit of solar panel they produce. The demand and supply curves are Qd = 103 − 7P, Qs = 3P. As a result of the subsidy, buyers will pay $[Answer] less per unit. At the same time, the sellers will receive $[Answer] more per unit. Given the above information, we...
Mechanized solar panels: A field of mechanized solar panels with motors that allow panel frame motion...
Mechanized solar panels: A field of mechanized solar panels with motors that allow panel frame motion so that the panel themselves will be normal to incident radiation any time of the day. This design is expected to yield a power of 3.1 MW and will cost $101 million initially with first-year operating costs of $2.3 million, growing 300,000 annually. It will produce electricity worth $8.8 million the first year; this revenue stream is expected to increase at a simple interest...
Space-based solar is gaining interest. Arrays of solar panels are placed in orbit to capture solar...
Space-based solar is gaining interest. Arrays of solar panels are placed in orbit to capture solar energy. The energy is then transmitted wirelessly to earth. The primary advantage being that a space-based photovoltaic array receives the full AM0 solar radiation for potentially 24 hours per day. What wireless power transmission efficiency is necessary to compete with an equivalent PV array in Honolulu on 23 March 2018 from both a power and an energy perspective?
A university spent $1.6 million to install solar panels atop a parking garage. These panels will...
A university spent $1.6 million to install solar panels atop a parking garage. These panels will have a capacity of 800 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1...
A company produces two types of solar panels per​ year: x thousand of type A and...
A company produces two types of solar panels per​ year: x thousand of type A and y thousand of type B. The revenue and cost​equations, in millions of​ dollars, for the year are given as follows. R(x,y)=4x+5y C(x,y)= x^2- 2xy+ 7y^2 +6x - 93y - 8 Determine how many of each type of solar panel should be produced per year to maximize profit. Part 1-The company will achieve a maximum profit by selling ____ solar panels of type A and...
A company produces two types of solar panels per​ year: x thousand of type A and...
A company produces two types of solar panels per​ year: x thousand of type A and y thousand of type B. The revenue and cost​equations, in millions of​ dollars, for the year are given as follows. R(x,y)=4x+6y C(x,y)= x^2- 2xy+ 6y^2 +8x - 38y - 6 Determine how many of each type of solar panel should be produced per year to maximize profit. Part 1-The company will achieve a maximum profit by selling ____ solar panels of type A and...
A company produces two types of solar panels per​ year: x thousand of type A and...
A company produces two types of solar panels per​ year: x thousand of type A and y thousand of type B. The revenue and cost​ equations, in millions of​ dollars, for the year are given as follows. ​R(x,y)equals=3x+5y ​C(x,y)equals=x^2-3xy+7y^2+12x-56y-2 Determine how many of each type of solar panel should be produced per year to maximize profit.
Solar Power Ltd., a small Kumasi –based manufacturer and distributor of solar energy panels, was in...
Solar Power Ltd., a small Kumasi –based manufacturer and distributor of solar energy panels, was in its first year of operation. The company was conceived and controlled by two retired executives. Nana Darkwa, an engineer by profession, developed the basic patent for the solar panels. He lacked adequate liquid resources to finance the venture, although he did control a fair amount of wealth. Yaw Manu’s chosen field of endeavor was real estate. He, too, possessed few pied real property including...
Two methods can be used to produce solar panels for electric power generation. Method 1 will...
Two methods can be used to produce solar panels for electric power generation. Method 1 will have an initial cost of $560,000, an AOC of $170,000 per year, and $115,000 salvage value after its 3-year life. Method 2 will cost $870,000 with an AOC of $115,000 and a $170,000 salvage value after its 5-year life. Assume your boss asked you to determine which method is better, but she wants the analysis done over a three-year planning period. You estimate the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT