Male and female students in a personal finance class were asked to count how much cash they
Question:
(a) At α = .01, can you conclude that the males carry more cash on average? Assume Cash unequal population variances.
(b) Is it reasonable to assume unequal variances?
Transcribed Image Text:
Male 1834 1816 2287 950 25.52 15.18 3487 6.62 12.13 40.18 27.77 Female 21.66 15.39 15.23 15.81 15.64 21.78 637 17.60 16.54
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 93% (16 reviews)
a Using the quick rule df min111 91 8 t crit TINV998 ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
Question Posted:
Students also viewed these Statistics questions
-
Male and female students in a finance class were asked how much their last tank of gas cost. Can you conclude that on average males spent more on gas than females? (a) State the hypotheses for this...
-
Students in a large accounting class were asked to rate the course by assigning a score of 1, 2, 3, 4, or 5 to the course. A higher score indicates that the students received greater value from the...
-
Students in a statistics class were asked to measure their resting pulse rates. After that, the instructor unexpectedly screamed and ran from one side of the class to the other. Students again...
-
On January 1, 2010, Phelps Company purchased an 85% interest in Sloane Company for $955,000 when the retained earnings of Sloane Company were $150,000. The difference between implied and book value...
-
Let X1, . . ., Xn be a random sample from a geometric distribution with pmf Show that pi = P (X = i) = pqi-l , i-1,2, ,0 < p < 1, q=1-p
-
Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Quantity information is...
-
Mr. Jones was considering a new grapefruit venture that would generate a random sequence of yearly cash flows. He asked his son. Gavin, "People tell me I should use a cost of capital figure to...
-
Ludlam Company and Kassandra Company both make school desks. They have the same production capacity, but Ludlam is more automated than Kassandra. At an output of 2,500 desks per year, the two...
-
What role do institutions and governance systems play in fostering an environment conducive to empowerment, and how can these structures be reimagined to better serve marginalized populations ?
-
1. What is your reaction to the situation described in this case? What factors, both inside the company and externally, appear to have contributed to this situation? 2. What appeared to be happening...
-
How many full-page advertisements are found in a magazine? In an October issue of Muscle and Fitness, there were 252 ads, of which 97 were full-page. For the same month, the magazine Glamour had 342...
-
After John F. Kennedy Jr. was killed in an airplane crash at night, a survey was taken, asking whether a non instrument-rated pilot should be allowed to y at night. Of 409 New York State residents,...
-
Would double-stranded RNA derived from an intron be able to induce RNA interference?
-
Describe future global energy resources.
-
Explain how Japan has successfully promoted renewable energy proliferation.
-
Renewable resources ought to be used.
-
Indicate an evaluation target when the WTP and WTA are comparatively close, as well an evaluation target when there is thought to be a large gap in the WTP and WTA.
-
Describe factors that obstruct technological proliferation.
-
The perovskite structure, ABX 3 , can be described as a closepacked array of the A and X ions together, with B-type cations in octahedral holes. What proportion of octahedral holes is filled?
-
Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...
-
Information about the GDP in the area of manufacturing of durable and nondurable goods is important to business owners and economists. a. Use a time-series plot to graph the GDP in manufacturing in...
-
In Example 1.6 we plotted the USD to 1 EUR for a 6-month time period. a. Use a time-series plot to graphically display the currency conversion from the EUR to 1 USD. The data are contained in the...
-
Market shares for a period of 14 months for various Internet providers are contained in the data file Browser Wars. a. Use a time-series plot to graphically display the worldwide market shares of IE,...
-
United States Mexico Tank 1 hour 2 hours Taco 1 minute 1.5 minutes a. Who has the absolute advantage in tank production? Taco production? b. Who has the comparative advantage in tank production? Taco...
-
13) A local business owner is considering adding another employee to his staff in an effort to increase the number of hours the store is open per day. a. If the employee will cost the owner $4,000...
-
The standard variable overhead rate for Unbeatable Toys is $5. Budgeted fixed overhead is $20,000. Unbeatable Toys' budgeted production was 2,000 units for the current period and actual production...
Study smarter with the SolutionInn App