Math 533 sample test Study guides, Class notes & Summaries

Keller MATH 533 Course Project Part B, Hypothesis Testing. Hypotheses testing involves the testing of the null hypothesis and the alternative hypothesis. When testing the hypothesis either the null hypothesis or the alternative hypotheses is rejected. The value to a company knowing to accept or reject a hypothesis will aid in the decision making process. Information derived from hypothesis testing can aid in more timely decision. Requirement A: The average (mean) sales per week exceeds 41.5...

Keller MATH 533 Course Project Part B, Hypothesis Testing. Keller MATH 533 Course Project Part B, Hypothesis TestingRequirement A: The average (mean) sales per week exceeds 41.5 per salesperson. Key Statistics as computed by Minitab Variable N N* Mean SE Mean StDev Minimum Q1 Median Q3 SALES 100 0 42.340 0.417 4.171 32.000 39.250 42.000 45.000 N for Variable Maximum Range IQR Mode Mode SALES 52.000 20.000 5.750 44 12 Step 1 Hypotheses Ho: μ = 41.5 Ha: μ > 41.5 Step 2 Level of Sig...

Math 533 sample test[83 questions with answers] solved

Math 533 sample test[83 questions with answers] solved

MATH 533 Final Exam The length of time to do a cable installation by Multi-Cable Inc. is normally distributed with a mean of 42.8 minutes and a standard deviation of 6.2 minutes. What percentage of installations takes less than 30 minutes? Accident claims are checked for completeness by branch offices of Fortune Insurance before they are sent to a regional office for payment. Historically 80% of the claims are complete when they reach the regional office. You select a random sample of 20 ...

MATH 533 Final Exam 1. (TCO D) Putting People to Work has a growing business placing out-of-work MBAs. They claim they can place a client in a job in their field in less than 36 weeks. You are ……the following data from a sample. Sample size: 100 – Population standard deviation: 5 – Sample mean: 34.2 – Formulate a hypothesis test to evaluate the claim. 2. (TCO B) The Republican party is interested in studying the number of republicans that might vote in a particular congressional...

MATH 533 Week 6 Course Project Part B: Hypothesis Testing and Confidence Intervals Your manager has speculated the following: a. The average (mean) sales per week exceeds 41.5 per salesperson. b. The true population proportion of salespeople that received online training is less than 55%. c. The average (mean) number of calls made per week by salespeople that had no training is less than 145. d. The average (mean) time per call is greater than 15 minutes. 1.Using the sample d...

Running Head: Course Project Part-B Math-533 Hypothesis Testing By: Sagar Patel Professor: Terrance Encalarde Keller Graduate School of Management June 10th, 2017 Running Head: Course Project Part-B A hypothesis testing involves the testing of the null hypothesis and the alternative hypothesis. When testing the hypothesis, either the null hypothesis or the alternative hypotheses is rejected. The Company can use hypothesis testing to examine if it should keep a current process, change ...

MATH 533 Week 8 Final Exam Set 3 Answer The length of time to do a cable installation by Multi-Cable Inc. is normally distributed with a mean of 42.8 minutes & a standard deviation of 6.2 minutes. What percentage of installations take less than 30 minutes? x = The length of time to do a cable installation  = 42.8  = 6.20 z = x -   P(x < 30) = P(z < -2.06) = 0.5 - 0.4803 = 0.0197 or 1.97% Answer Accident claims are checked for completeness by branch offices of Fortune Insurance ...