The management of a supermarket wanted to investigate whether the male customers spend less money on average than female customers. A sample of 22 male customers who shopped at this supermarket showed that they spent an average of $73 with a standard deviation of $17.50. Another sample of 20 female customers who shopped at the same supermarket showed that they spent an average of $87 with a standard deviation of $14.40. Assume that the amounts spent at this supermarket by all male and female customers are normally distributed with unequal and unknown population standard deviations.
a.) Construct a 90% confidence interval for the difference between the mean amounts spent by all male and all female customers at this supermarket.
b.) Using the 2.5% significance level, can you conclude that the mean amount spent by all male customers at this supermarket is less than that by all female customers?
c) Interpret the conclusion obtained in part b.
In: Statistics and Probability
As part of a study designed to compare hybrid and similarly equipped conventional vehicles, Consumer Reports tested a variety of classes of hybrid and all-gas model cars and sport utility vehicles (SUVs). The following data show the miles-per-gallon rating Consumer Reports obtained for two hybrid small cars, two hybrid midsize cars, two hybrid small SUVs, and two hybrid midsize SUVs; also shown are the miles per gallon obtained for eight similarly equipped conventional models.
| Make/Model | Class | Type | MPG |
|---|---|---|---|
| Honda Civic | Small Car | Hybrid | 37 |
| Honda Civic | Small Car | Conventional | 28 |
| Toyota Prius | Small Car | Hybrid | 44 |
| Toyota Corolla | Small Car | Conventional | 32 |
| Chevrolet Malibu | Midsize Car | Hybrid | 27 |
| Chevrolet Malibu | Midsize Car | Conventional | 23 |
| Nissan Altima | Midsize Car | Hybrid | 32 |
| Nissan Altima | Midsize Car | Conventional | 25 |
| Ford Escape | Small SUV | Hybrid | 27 |
| Ford Escape | Small SUV | Conventional | 21 |
| Saturn Vue | Small SUV | Hybrid | 28 |
| Saturn Vue | Small SUV | Conventional | 22 |
| Lexus RX | Midsize SUV | Hybrid | 23 |
| Lexus RX | Midsize SUV | Conventional | 19 |
| Toyota Highlander | Midsize SUV | Hybrid | 24 |
| Toyota Highlander | Midsize SUV | Conventional | 18 |
At the α = 0.05 level of significance, test for significant effects due to class, type, and interaction.
Find the value of the test statistic for class. (Round your answer to two decimal places.)
Find the p-value for class. (Round your answer to three decimal places.)
p-value =
Find the value of the test statistic for type. (Round your answer to two decimal places.)
Find the p-value for type. (Round your answer to three decimal places.)
p-value =
Find the value of the test statistic for interaction between class and type. (Round your answer to two decimal places.)
Find the p-value for interaction between class and type. (Round your answer to three decimal places.)
p-value =
In: Statistics and Probability
In: Finance
1.
A company's articles can contain provisions that cannot be altered
True
False
2.
In relation to a company's contractual capacity, the ultra vires doctrine has been abolished.
True
False
3.
Breach of any term in the statutory contract will allow either the company or a member to sue for breach of contract.
True
False
4.
Under the Companies Act 2006, you find the objects of a company set out in the Memorandum of Association.
True
False
5.
Companies incorporated under the Companies Act 2006 are not required to have a memorandum of association.
True
False
In: Accounting
In: Operations Management
Listed below in order by row are the annual high values of the Dow Jones Industrial Average for each year beginning with 1980. What is the best predicted value for the year 2006? Given that the actual high value in 2006 was 12,464, how good was the predicted value? What does the pattern suggest about the stock market for investment purposes?
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Construct a scatterplot and identify the mathematical model that best fits the given data. Assume that the model is to be used only for the scope of the given data, and consider only linear, quadratic, logarithmic, exponential, and power models
In: Statistics and Probability
Internet service: An Internet service provider sampled 530 customers, and finds that 70 of them experienced an interruption in high-speed service during the previous month.
(b) Construct a 90% confidence interval for the proportion of all customers who experienced an interruption. Round the answers to at least three decimal places.
In: Statistics and Probability
The SAT and the ACT are the two major standardized tests that colleges use to evaluate candidates. Most students take just one of these tests. However, some students take both. The data data311.dat gives the scores of 60 students who did this. How can we relate the two tests? (a) Plot the data with SAT on the x axis and ACT on the y axis. Describe the overall pattern and any unusual observations. (b) Find the least-squares regression line and draw it on your plot. Give the results of the significance test for the slope. (Round your regression slope and intercept to three decimal places, your test statistic to two decimal places, and your P-value to four decimal places.) ACT = + (SAT) t = P = (c) What is the correlation between the two tests? (Round your answer to three decimal places.)
obs sat act 1 1031 23 2 801 17 3 663 12 4 1096 27 5 693 17 6 906 22 7 708 17 8 1180 26 9 914 19 10 1099 25 11 775 20 12 1194 27 13 1009 21 14 899 22 15 833 18 16 1087 22 17 802 18 18 901 18 19 877 21 20 1049 20 21 868 17 22 792 17 23 1008 17 24 1167 25 25 554 10 26 1045 20 27 1206 28 28 875 22 29 798 19 30 1060 21 31 1124 26 32 1176 25 33 1068 23 34 732 12 35 741 14 36 969 22 37 593 12 38 613 19 39 619 14 40 1122 24 41 911 18 42 787 16 43 1033 26 44 781 14 45 941 26 46 989 24 47 756 15 48 1043 24 49 647 10 50 817 17 51 357 9 52 1157 27 53 1115 25 54 904 19 55 1094 27 56 837 19 57 573 12 58 749 18 59 1203 25 60 895 23
In: Statistics and Probability
The SAT and the ACT are the two major standardized tests that colleges use to evaluate candidates. Most students take just one of these tests. However, some students take both. The data data5.dat gives the scores of 60 students who did this. How can we relate the two tests?
(a) Plot the data with SAT on the x axis and ACT on the
y axis. Describe the overall pattern and any unusual
observations.
(b) Find the least-squares regression line and draw it on your
plot. Give the results of the significance test for the slope.
(Round your regression slope and intercept to three decimal places,
your test statistic to two decimal places, and your
P-value to four decimal places.)
| ACT = | + (SAT) |
| t = | |
| P = |
(c) What is the correlation between the two tests? (Round your
answer to three decimal places.)
obs sat act 1 950 17 2 719 19 3 648 17 4 905 22 5 1263 29 6 995 25 7 1184 25 8 672 13 9 882 17 10 1082 21 11 875 17 12 951 20 13 1045 22 14 679 19 15 794 18 16 722 16 17 1227 28 18 746 14 19 1145 27 20 716 19 21 1208 28 22 950 21 23 890 23 24 761 17 25 969 17 26 647 11 27 857 21 28 991 21 29 798 17 30 666 14 31 761 19 32 660 20 33 631 16 34 1121 26 35 978 26 36 883 18 37 807 18 38 895 19 39 1184 23 40 869 17 41 582 14 42 1070 20 43 642 16 44 937 23 45 1086 27 46 1013 26 47 713 19 48 1144 25 49 990 24 50 878 16 51 870 26 52 1090 27 53 1095 26 54 781 19 55 1046 21 56 675 13 57 1257 25 58 1099 27 59 620 10 60 714 13
In: Math
From the following balance sheet and additional information given, prepare cash flow statement.
Balance Sheet as on March 31, 2005 and 2006
|
Particulars |
2005 Rs. |
2006 Rs. |
Particulars |
2005 Rs. |
2006 Rs. |
|
Share Capital |
9,00,000 |
9,00,000 |
Fixed Assets |
8,00,000 |
6,40,000 |
|
General Reserve |
6,00,000 |
6,20,000 |
Investments |
1,00,000 |
1,20,000 |
|
Profit & loss a/c |
1,12,000 |
1,36,000 |
Stock |
4,80,000 |
4,20,000 |
|
Creditors |
3,36,000 |
2,68,000 |
Debtors |
4,20,000 |
9,10,000 |
|
Provision for tax |
1,50,000 |
20,000 |
Bank |
2,98,000 |
3,94,000 |
|
Mortgage loan |
- |
5,40,000 |
|||
|
20,98,000 |
24,84,000 |
20,98,000 |
24,84,000 |
Additional Information:
(a) Investments costing Rs.16,000 were sold during the year for Rs.17,000 (b) Provision for tax made out of profit was Rs.18,000 for the year (c) During the year, a part of the fixed assets costing Rs.20,000 was sold for Rs.24,000 and the
profit was included in Profit and Loss account (d) Dividends paid amounted to Rs.80,000
In: Accounting