The home run percentage is the number of home runs per 100 times at bat. A random sample of 43 professional baseball players gave the following data for home run percentages. 1.6 2.4 1.2 6.6 2.3 0.0 1.8 2.5 6.5 1.8
2.7 2.0 1.9 1.3 2.7 1.7 1.3 2.1 2.8 1.4
3.8 2.1 3.4 1.3 1.5 2.9 2.6 0.0 4.1 2.9
1.9 2.4 0.0 1.8 3.1 3.8 3.2 1.6 4.2 0.0
1.2 1.8 2.4
(a) Use a calculator with mean and standard deviation keys to find x and s. (Round your answers to two decimal places.) x = % s = %
(b) Compute a 90% confidence interval for the population mean μ of home run percentages for all professional baseball players. Hint: If you use the Student's t distribution table, be sure to use the closest d.f. that is smaller. (Round your answers to two decimal places.) lower limit % upper limit %
(c) Compute a 99% confidence interval for the population mean μ of home run percentages for all professional baseball players. (Round your answers to two decimal places.) lower limit % upper limit %
In: Statistics and Probability
In: Accounting
2. The Izod Impact Test was performed on 20 specimens of PVC pipe. The sample mean is 1.25 and the sample standard deviation is 0.25. We need to test if the true mean Izod impact strength is lesser than 1.5.
In: Statistics and Probability
Match the Terms:
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Income elasticity > 1 |
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Price elasticity = -1 |
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The percentage change in the quantity demanded due to a 1 percent change in income, holding preferences and relative prices constant |
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Any good the demand for which decreases as income increases and increases when income decreases, prices and preferences held constant |
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Price elasticity > -1 (absolute value) |
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The locus of all points representing the quantities demanded of a good at various levels of income, prices and preferencesheld constant |
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The percentage change in quantity demanded given a one percent change in price, income and preferences held constant |
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Shows the relationship between prices and the quantity demanded of 1 good |
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Income elasticity |
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- |
Price elasticity |
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- |
Unitary price elasticity |
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- |
Price elastic |
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Demand curve |
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Engel curve |
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- |
Inferior good |
In: Economics
In: Statistics and Probability
A plant distills liquid air to produce oxygen, nitrogen, and argon. The percentage of impurity in the oxygen is thought to be linearly related to the amount of impurities in the air as measured by the “pollution count” in parts per million (ppm). A sample of plant operating data is shown below:
|
Impurity |
Pollution |
|
93.3 |
1.1 |
|
92 |
1.45 |
|
92.4 |
1.36 |
|
91.7 |
1.59 |
|
94 |
1.08 |
|
94.6 |
0.75 |
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93.6 |
1.2 |
|
93.1 |
0.99 |
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93.2 |
0.83 |
|
92.9 |
1.22 |
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92.2 |
1.47 |
|
91.3 |
1.81 |
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90.1 |
2.03 |
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91.6 |
1.75 |
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91.9 |
1.68 |
Perform the FULL linear regression analysis.
Please show how to do in Minitab or excel
Thank you
In: Statistics and Probability
What is the difference between the effective annual rate and the annual percentage rate, and when should you use which?
In: Finance
| Q1) What is the total percentage return for an investor who purchased a stock for $7.45, received $2.21 in dividend payments, and sold the stock for $7.61? |
| Q2) A stock had
the following annual returns: -12.77%, 28.32% , 13.55%, and -02.64%. What is the stock's: a) expected return? |
| What is the stock's: b) variance? |
| What is the stock's: c) standard deviation? |
| Q3) A stock has monthly returns of -06.78%, -09.39% , -00.63%, and 08.61%. What is the stock’s geometric average return? |
| Q4) A stock has an expected
return of 07.81% and a standard deviation of 15.92%. For this
stock, what are the: a) Upper range of 68% confindence interval |
| b) Lower range of 68% confindence interval: |
| c) Upper range of 95% confindence interval: |
| d) Lower range of 95% confindence interval: |
| e) Upper range of 99% confindence interval: |
| f) Lower range of 99% confindence interval: |
In: Finance
Describe the percentage of sales model and its potential pitfalls in the financial planning process .
In: Finance
On a recent trip to the SC DMV, I asked an employee to estimate what percentage of SC drivers arrive to renew their driver’s license with one that is currently expired. She responded that about 30 percent of all such renewals were of this type.
(a) Suppose you observe Y , the number of SC DMV customers seeking renewal to find the first one with an expired license. What is the distribution of Y? Plot the pmf and cdf of Y side by side (like in the notes). (Hint: You can just generate the Y from 1 to 20)
(b) Let W denote the number of SC DMV customers seeking renewal to find the 3rd one with an expired license. What is the distribution of W? Plot the pmf and cdf of W side by side (like in the notes).
(c) Obviously, in parts (a) and (b), you are assuming that Bernoulli trial assumptions hold. State what these are in this application (e.g., think of each customer seeking renewal as a “trial.”)
(d) In parts (a) and (b), find the probability that • among the first 6 customers seeking renewal, none have expired licenses. (Hint: use pgeom(y-1, p)) • you have to observe 10 or more customers seeking renewal to find the 3rd one with an expired license. (Hint: use pnbinom(w-r, r, p))
please include the R code
thanks
In: Statistics and Probability