A random sample of size n = 7 from a normal population produced these measurements: 1.4, 3.6,
Question:
a. Calculate the sample variance, s2.
b. Construct a 95% confidence interval for the population variance, σ2.
c. Test H0: σ2 = .8 versus Ha: σ2 ≠ .8 using α = .05. State your conclusions.
d. What is the approximate p-value for the test in part c?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
a Calculate x i 177 x2i 4895 and n 7 Then b Indexing 2 025 and 2 975 with n 1 6 degr...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
Question Posted:
Students also viewed these Statistics questions
-
A random sample of n = 7 observations from a normal population produced the following measurements: 4, 0, 6, 3, 3, 5, 9. Do the data provide sufficient evidence to indicate that 2 < 2? Test, using =...
-
A random sample of size n = 13 obtained from a population that is normally distributed results in a sample mean of 45.3 and sample standard deviation of 12.4. An independent sample of size n = 18...
-
A random sample of size n = 41 results in a sample mean of 125.3 and a sample standard deviation of 8.5. An independent sample of size n = 50 results in a sample mean of 130.8 and sample standard...
-
Give the approximate temperature at which creep deformation becomes an important consideration for each of the following metals: nickel, copper, iron, tungsten, lead, and aluminum.
-
Is carrying value ever the same as market value?
-
In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8. Assuming there are...
-
Review your answers to the previous two questions. Comment on the persuasiveness of evidence from each test. Explain any factors that would affect your assessment. Fellowes and Associates Chartered...
-
We would like to execute the loop below as efficiently as possible. We have two different machines, a MIMD machine and a SIMD machine. for (i=0; i < 2000; i++) for (j=0; j <3000; j++) X_array[i][j] =...
-
a) Propose the most appropriate type of leadership that the Coca Cola Company's top management should rely on to execute the strategy, based on the type of organizational culture and strategy. b)...
-
Superior Lighting, Inc., mass-produces reading lamps. Materials used in constructing the body of the lamp are added at the start of the process, while the materials used in wiring the lamps are added...
-
A random sample of n = 15 observations was selected from a normal population. The sample mean and variance were = 3.91 and s2 = .3214. Find a 90% confidence interval for the population variance 2.
-
A precision instrument is guaranteed to read accurately to within 2 units. A sample of four instrument readings on the same object yielded the measurements 353, 351, 351, and 355. a. Test the null...
-
This exercise considers the data described in the Section 13.2.2 ratemaking classification example using data in Table 13.3 Table 13.3 . a. Fit a gamma regression model using a log-link function with...
-
In May, California voters rejected an increase in taxes to close a $26 billion budget gap. To generate more tax revenues, California will have to encourage new businesses and create jobs. With 50...
-
Repeat exercise 12.1, but now use for the domestic utility function, and a corresponding expression for the foreign utility function. (a) What are the maximum consumption levels for z and z f ? (b)...
-
Describe the price-fixing scheme as the equilibrium outcome of an oligopoly cartel game played by the airlines. Explain why the cartel survived. To date, 21 airlines have coughed up more than $1.7...
-
Not only has scouring the Web for the best possible price become standard protocol before buying a big-ticket item, but more consumers are employing creative strategies for scoring hot deals....
-
How will the use of robots change the value of marginal product of farm workers? Commercial farms of the future may be staffed by robots that will identify, spray, and pick individual pieces of...
-
Changing Assumptions Ltd. has the following details related to its defined benefit pension plan as at December 31, 2019: The actuarial obligation represents the present value of a single benefit...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
a. Report the shape of each histogram. b. Match each histogram with the corresponding boxplot (A, B, or C). Histogram 1 10 Histogram 2 10 4 Histogram 3 16 14 12 10 Boxplot A Boxplot B Boxplot C
-
According to Forbes.com, the numbers of billionaires in the five states in the Northeast with the most billionaires are given in the table. New York .........67 Connecticut .........11 Pennsylvania...
-
Match each of the histograms (X, Y, and Z) with the corresponding boxplot (C, M, or P). Explain your reasoning. 2 4 6 8 10 12 14 16 18 3 6 9 12 15 18 3 6 9 12 15 18 5.0 2.5 0.0 3 6 9 12 15 18
-
A system consisting of a small 1.20-kg object attached to a Ax(cm) light spring oscillates on a smooth, horizontal surface. A 5.00- graph of the position x of the object as a function of time is 4.00...
-
Transform following Relational model into ER Model. id Author writes authorid bookid Book bookid title edition libid memberld name dob AuthorContact id contact publishes Library id bid date id...
-
State suitable case for each model Hierarchical Model Network data model Relational model Object-oriented data model
Study smarter with the SolutionInn App