Question

In: Statistics and Probability

Suppose the first population is all face-to-face meetings held in March 2020, the second population is...

Suppose the first population is all face-to-face meetings held in March 2020, the second population is all Zoom meetings held in March 2020, and the parameter of interest is μ1 – μ2 = the difference in the mean length of all face-to-face meetings and the mean length of all Zoom meetings. The meeting lengths are measured in minutes. For both face-to-face meetings and Zoom meetings the distributions of meeting times are skewed heavily to the right due to some meetings that are very long.

       (a). Of interest is to test the hypothesis that the mean length of all face-to-face meetings and the mean length of all Zoom meetings are the same, versus the alternative hypothesis that the mean length of all face-to-face meetings is less than the mean length of all Zoom meetings. State the appropriate null and alternative hypotheses that should be tested.

       (b). A simple random sample of 47 face-to-face meetings held in March 2020 was selected, and the mean length of this sample of 47 meetings was 51 minutes with a standard deviation of 15.6 minutes. An independent simple random sample of 41 Zoom meetings held in March 2020 was selected, and the mean length of this sample of 41 meetings was 54 minutes with a standard deviation of 14.0 minutes. If appropriate, use this information to test the hypotheses stated in part (a) at the α = .01 level of significance.

Solutions

Expert Solution

Solution:


Related Solutions

Suppose the first population is all face-to-face meetings held in March 2020, the second population is...
Suppose the first population is all face-to-face meetings held in March 2020, the second population is all Zoom meetings held in March 2020, and the parameter of interest is μ1 – μ2  = the difference in the mean length of all face-to-face meetings and the mean length of all Zoom meetings. The meeting lengths are measured in minutes. For both face-to-face meetings and Zoom meetings the distributions of meeting times are skewed heavily to the right due to some meetings that...
Suppose the first population is all Zoom meetings held in March 2020, the second population is...
Suppose the first population is all Zoom meetings held in March 2020, the second population is all face-to-face meetings held in March 2020, and the parameter of interest is μ1 – μ2 = the difference in the mean number of people attending all Zoom meetings and the mean number of people attending all face-to-face meetings. For both Zoom meetings and face-to-face meetings the distributions are skewed heavily to the right due to some meetings that have many people in attendance....
Commas Quiz1. The first, and second, meetings reviewedprocesses, deliveries, and safety.Select one:a....
Commas Quiz1. The first, and second, meetings reviewed processes, deliveries, and safety.Select one:a. This sentence is punctuated correctly.b. This sentence contains at least one comma error.2. Although we were supposed to meet on Monday, our client needed to reschedule.Select one:a. This sentence is punctuated correctly.b. This sentence contains at least one comma error.3. The engineers explained, how design, manufacturing, packaging, and materials all contributed to cost.Select one:a. This sentence is punctuated correctly.b. This sentence contains at least one comma error.4....
. In the first week of March 2020, both the Federal Reserve (the Fed) and the...
. In the first week of March 2020, both the Federal Reserve (the Fed) and the Bank of Canada (BOC) decreased their policy interest rates by 0.5 percentage points. Clearly, both are trying to decrease interest rates in the money market (and throughout the economy). (a) Should the BOC engineer an increase or a decrease the money supply to support its efforts to achieve lower interest rates in the money market? [Hint: Include a diagram of the money market with...
The following is the Treasury bond quote as of March 25th, 2020. Assume the face (par)...
The following is the Treasury bond quote as of March 25th, 2020. Assume the face (par) value of the Treasury bond is $100,000 and the bond pays interest semiannually. Coupon             Maturity                                                                                    Ask     Rate             Date                          Bid              Asked            Chg           Yld (YTM)          2.8%             March 25th, 2033             ?                  ?                - .112           2.65% Is this a premium bond or a discount bond? What is the asked price of the Treasury bond in dollars? What is the asked price as a % of the par value? What is its effective YTM? What is its current yield? What was...
Suppose that assets of the First Bank consist of reserves held in cash and it has...
Suppose that assets of the First Bank consist of reserves held in cash and it has enough to meet the reserve requirement; long term loans the First Bank made in the past were to reliable borrowers and should eventually be repaid in the future, and low risk long-term U.S. Government bonds. Is it correct to say that since the First Bank has invested its assets wisely, the bank will be fine if there is a run on all banks and...
Returns. Suppose you purchased Elevated Health Management’s stock on March 16, 2016 and held it for...
Returns. Suppose you purchased Elevated Health Management’s stock on March 16, 2016 and held it for one year, selling on March 15, 2017. Below are the cash flows from holding HMA stock for each period. Date Price Dividend 16−Mar−16 21.15 10−May−16 20.70 0.06 9−Aug−16 20.62 0.06 8−Nov−16 19.39 0.06 15−Feb−16 20.33 2−Mar−17 10.29 10.00 15−Mar−17 11.07 Calculate the dividend yield, capital gains yield, and realized return between each set of dates. (18 points) Calculate the realized return for the whole...
You wish to test the claim that the first population mean is greater than the second...
You wish to test the claim that the first population mean is greater than the second population mean at a significance level of α=0.005 Ho:μ1=μ2 Ha:μ1>μ2 You obtain the following two samples of data. Sample #1 Sample #2 57.7 63.3 64.3 70.1 53.6 69.6 72.2 67.3 70.1 31.0 55.7 63.8 71.4 71.4 83.6 87.9 102.3 34.9 84.5 75.1 78.5 58.8 What is the test statistic for this sample? test statistic = _____________ Round to 3 decimal places. What is the...
You wish to test the claim that the first population mean is less than the second...
You wish to test the claim that the first population mean is less than the second population meanat a significance level of α=0.001α=0.001.      Ho:μ1=μ2Ho:μ1=μ2 Ha:μ1<μ2Ha:μ1<μ2 You obtain the following two samples of data. Sample #1 Sample #2 43.3 56.2 64.2 49.7 95.4 61.0 85.0 49.1 50.9 49.1 61.0 63.2 72.7 81.7 41.4 55.8 54.5 83.6 93.5 79.2 74.9 77.8 49.8 48.8 43.5 90.5 90.5 76.2 47.7 What is the test statistic for this sample? test statistic =   Round to 3...
You wish to test the claim that the first population mean is greater than the second...
You wish to test the claim that the first population mean is greater than the second population mean at a significance level of α=0.10 .      Ho:μ1=μ2 Ha:μ1>μ2 You obtain the following two samples of data. Sample #1 Sample #2 76.2 68.1 90.1 74.7 77.1 72.9 70.3 84.0 75.9 80.1 65.7 80.1 76.2 82.0 81.7 74.5 75.1 73.3 45.5 47.8 46.1 55.5 53.7 40.0 67.4 54.6 What is the test statistic for this sample? test statistic = Round to 3...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT