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Identify the null hypothesis and the alternative hypothesis

Identify the null hypothesis and the alternative hypothesis

Identify the null hypothesis and the alternative hypothesis

Mathematics
1. True or False. Justify for full credit.

(a) If P(A) = 0.4, P(B) = 0.5, and A and B are independent, then P(A AND B) = 0.2.

(b) If the variance of a data set is 0, then all the observations in this data set must be zero.

(c) The mean is always equal to the median for a normal distribution.

(d) A 90% confidence interval is wider than a 95% confidence interval of the same parameter.

(e) In a right-tailed test, the value of the test statistic is 2. The test statistic follows a distribution with the distribution curve shown below. If we know the shaded area is 0.96, then we have sufficient evidence to reject the null hypothesis at 0.05 level of significance.

2. Choose the best answer. Justify for full credit.

(a) UMUC Stat Club conducted a survey on STAT 200 study hours. The survey result showed that 54% of the respondents spent more than 20 hours each week on STAT 200. The value 54% is a

(i) statistic

(ii) parameter

(iii) cannot be determined

(b) The hotel ratings are usually on a scale from 0 star to 5 stars. The level of this measurement is

(i) interval

(ii) nominal

(iii) ordinal

(iv) ratio

(c) UMUC STAT Club wanted to estimate the study hours of STAT 200 students. Two STAT 200 sections were randomly selected and all students from these two sections were asked to fill out the questionnaire. This type of sampling is called:

(i) cluster

(ii) convenience

(iii) systematic

(iv) stratified

3. Choose the best answer. Justify for full credit.

(a) A study of 10 different weight loss programs involved 500 subjects. Each of the 10 programs had 50 subjects in it. The subjects were followed for 12 months. Weight change for each subject was recorded. You want to test the claim that the mean weight loss is the same for the 10 programs. What statistical approach should be used?

(i) t-test

(ii) linear regression

(iii) ANOVA

(iv) confidence interval

(b) A STAT 200 instructor teaches two classes. She wants to test if the variances of the score distribution for the two classes are different. What type of hypothesis test should she use?

(i) t-test for two independent samples

(ii) t-test for matched samples

(iii) z-test for two samples

(iv) F- test

4. The frequency distribution below shows the distribution for IQ scores for a random sample of 1000 adults. (Show all work. Just the answer, without supporting work, will receive no credit.)

IQ Scores Frequency Relative Frequency

50 – 69 24

70 – 89 228

90 -109 493

110 – 129 0.23

130 – 149 25

Total 1000

(a) Complete the frequency table with frequency and relative frequency. Express the relative frequency to three decimal places.

(b) What percentage of the adults in this sample has an IQ score of at least 110?

(c) Does this distribution have positive skew or negative skew? Why or why not?

5. The boxplots below show the grade distribution of two STAT 200 quizzes for a sample of 500 students.

For each question, give your answer as one of the following: (i) Quiz 1; (ii) Quiz 2; (iii) Both quizzes have the same value requested; (iv) It is impossible to tell using only the given information. Then explain your answer in each case.

(a) Which quiz has greater range in grade distribution?

(b) Which quiz has the lower percentage of students with grades 85 and over?

(c) Which quiz has a greater percentage of students with grades less than 60?

6. A sample of 10 LED light bulbs consists of 1 defective and 9 good light bulbs. A quality control technician wants to randomly select two of the light bulbs for inspection. Find the probability that the first selected light bulb is good and the second light bulb is also good.

(Show all work. Just the answer, without supporting work, will receive no credit.)

(a) Assuming the two random selections are made with replacement.

(b) Assuming the two random selections are made without replacement.

7. There are 1000 students in a high school. Among the 1000 students, 200 students take AP Statistics, and 250 students take AP French. 100 students take both AP courses. Let S be the event that a randomly selected student takes AP Statistics, and F be the event that a randomly selected student takes AP French. Show all work. Just the answer, without supporting work, will receive no credit.

(a) Provide a written description of the event (S OR F).

(b) What is the probability of complement event of (S OR F)?

8. Consider rolling two fair dice. Let A be the event that the sum of the two dice is 7, and B be the event that the first one is an even number.

(a) What is the probability that the sum of the two dice is 7 given that the first one is an even number? Show all work. Just the answer, without supporting work, will receive no credit.

(b) Are event A and event B independent? Explain.

9. Answer the following two questions. (Show all work. Just the answer, without supporting work, will receive no credit).

(a) There are 15 juniors and 20 seniors in the UMUC Stat Club. The club is to send four representatives to the Joint Statistical Meetings. If the members of the club decide to send two juniors and two seniors, how many different groupings are possible?

(b) A bike courier needs to make deliveries at 6 different locations. How many different routes can he take?

10. Assume random variable x follows a probability distribution shown in the table below.

Determine the mean and standard deviation of x. Show all work. Just the answer, without supporting work, will receive no credit.

x -2 0 1 2 3

P(x) 0.1 0.1 0.3 0.2 0.3

11. Rabbits like to eat the cucumbers in Mimi’s garden. There are 10 cucumbers in her garden which will be ready to harvest in about 10 days. Based on her experience, the probability of a cucumber being eaten by the rabbits before harvest is 0.30.

(a) Let X be the number of cucumbers that Mimi harvests (that is, the number of cucumbers not eaten by rabbits). As we know, the distribution of X is a binomial probability distribution.

What is the number of trials (n), probability of successes (p) and probability of failures (q), respectively?

(b) Find the probability that Mimi harvests at most 8 of the 10 cucumbers. (round the answer to 3 decimal places) Show all work. Just the answer, without supporting work, will receive no credit.

12. Assume the weights of men are normally distributed with a mean of 170 lbs and a standard deviation of 30 lbs. Show all work. Just the answer, without supporting work, will receive no credit.

(a) Find the 75th percentile for the distribution of men’s weights.

(b) What is the probability that a randomly selected man weighs more than 200 lbs?

13. Assume the SAT Mathematics Level 2 test scores are normally distributed with a mean of 500 and a standard deviation of 100. Show all work. Just the answer, without supporting work, will receive no credit.

(a) If a random sample of 64 test scores is selected, what is the standard deviation of the sample mean?

(b) What is the probability that 64 randomly selected test scores will have a mean test score that is between 475 and 525?

14. A survey showed that 80% of the 1600 adult respondents believe in global warming. Construct a 90% confidence interval estimate of the proportion of adults believing in global warming. Show all work. Just the answer, without supporting work, will receive no credit.

15. In a study designed to test the effectiveness of garlic for lowering cholesterol, 49 adults were treated with garlic tablets. Cholesterol levels were measured before and after the treatment. The changes in their LDL cholesterol (in mg/dL) have a mean of 3 and standard deviation of 14. Construct a 95% confidence interval estimate of the mean change in LDL cholesterol after the garlic tablet treatment. Show all work. Just the answer, without supporting work, will receive no credit.

16. Mimi is interested in testing the claim that banana is the favorite fruit for more than 50% of the adults. She conducted a survey on a random sample of 100 adults. 58 adults in the sample chose banana as his / her favorite fruit. Assume Mimi wants to use a 0.10 significance level to test the claim.

(a) Identify the null hypothesis and the alternative hypothesis.

(b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(c) Determine the P-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(d) Is there sufficient evidence to support the claim that banana is the favorite fruit for more than 50% of the adults? Explain.

17. In a study of freshman weight gain, the measured weights of 5 randomly selected college students in September and April of their freshman year are shown in the following table.

Weight (kg) Student September April

1 67 66

2 53 55

3 64 68

4 71 70

5 70 75

Is there evidence to suggest that the mean weight of the freshmen in April is greater than the mean weight in September?

Assume we want to use a 0.10 significance level to test the claim.

(a) Identify the null hypothesis and the alternative hypothesis.

(b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(c) Determine the P-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(d) Is there sufficient evidence to support the claim that the mean weight of the freshmen in April is greater than the mean weight in September? Justify your conclusion.

18. In a pulse rate research, a simple random sample of 40 men results in a mean of 80 beats per minute, and a standard deviation of 11.3 beats per minute. Based on the sample results, the researcher concludes that the pulse rates of men have a standard deviation greater than 10 beats per minutes. Use a 0.05 significance level to test the researcher’s claim.

(a) Identify the null hypothesis and alternative hypothesis.

(b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(c) Determine the P-value for this test. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(d) Is there sufficient evidence to support the researcher’s claim? Explain.

19. The UMUC Daily News reported that the color distribution for plain M&M’s was: 40% brown, 20% yellow, 10% orange, 10% green, and 20% tan. Each piece of candy in a random sample of 100 plain M&M’s was classified according to color, and the results are listed below. Use a 0.05 significance level to test the claim that the published color distribution is correct. Show all work and justify your answer.

Color Brown Yellow Orange Green Tan

Number 42 21 12 7 18

(a) Identify the null hypothesis and the alternative hypothesis.

(b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(c) Determine the P-value. Show all work; writing the correct P-value, without supporting work, will receive no credit.

(d) Is there sufficient evidence to support the

Manipulating basic linear equations

Manipulating basic linear equations

Manipulating basic linear equations

Mathematics

The following is offered as a solution of the equation

-4[x-2(2x-3)]+1= 1/2(4x-6)

-4[x-2(2x-3)]+1=8x-12

-4x-4x+6+1=8x-12

-8x+7=8x-12

7= -12

Because 7 = -12 is not a true equation, the equation has no solution. If this is correct, state that there is no solution. If not, explain in detail why it is not correct, and supply the correct answer.

Finally, create an equation that includes at least one set of parentheses and one fraction that has a solution of -10.

What is the probability that the selected student is female

What is the probability that the selected student is female

What is the probability that the selected student is female

Mathematics

In a class 50 students, 25 of the students are female, 15 of the students are mathematics major, and 10 of the mathematics majors are female. If a student in the class is to be selected at random, what is the probability that the student selected will be female or a mathematics major or both?

What is the best method to detect fraud

What is the best method to detect fraud

What is the best method to detect fraud

Finance

Financial Investigation: Internet Assignment:The following article is related to deterring employee fraud within organizations and answers some related questions.

After reading the case, answer the following questions: Read the article the following article: Wells, J. T. (2004, December). Small business, big losses. Journal of Accountancy, 198(6), 42-47.

Retrieved from Business Source Complete database. Article:Small Business, Big Losses. .Authors:Wells, Joseph T.1,2 :Journal of Accountancy. Dec2004, Vol. 198 Issue 6, p42-47. 6p. 11 Charts. .Document Type:Article.Subject Terms:*FRAUD *SMALL business *FINANCIAL statements *ACCOUNTING *AUDITING.NAICS/Industry Codes:541219 Other Accounting Services.Abstract:

This article summarizes some of the key findings of certified fraud examiners in cases that were investigated by the 2004 Report to the Nation on Occupational Fraud and Abuse.

The report from the Association of Certified Fraud Examiners, caused over $761 million in total losses, with a disproportionate percentage committed against small businesses–almost half of the frauds in the study took place in businesses with fewer than 100 employees. Not surprisingly such businesses are less likely to be audited or employ anti-fraud measures than the larger firms. Several conclusions can be drawn from the 2004 report.

First, though the losses have been stable over the years, the fact that in one year alone they are approaching $660 billion is a cause for concern.

Second, although large financial statement frauds receive the most attention, they are relatively uncommon compared to asset misappropriations and corru ption.

Third, small businesses remain the most vulnerable to occupational fraud because of three factors: they are the least likely to have an audit, a hotline or adequate internal controls. Fourth, audits–both internal and external–although excellent prevention devices are not the most effective means of detecting frauds. Fifth, hotlines and other reporting mechanisms are a vital part of any organization’s prevention efforts but should go beyond employees to vendors and customers, too.

Finally, occupational fraud cannot be eliminated but organizations that use both hotlines and auditors can greatly reduce these costly crimes. Occupational fraud schemes can be as simple as pilferage of company supplies or as complex as sophisticated financial statement frauds.

1. According to Mr. Wells, how do you measure the cost of occupational fraud?

2. Explain the three major categories of occupational fraud.

3. According to Mr. Wells, what is the best method to detect fraud? 4.What types of companies are hit the hardest by occupational fraud?

Critical analysis paper for business law

Critical analysis paper for business law

 

Critical analysis paper for business law

Finance

Critical Analysis paper for Business Law

Describe an example of a contract that you or someone you know entered into (e.g., rental agreement, cell phone agreement, property purchase or lease [e.g., car, home, furniture, etc.], home or car repair, or student loan agreement). In your description, be sure to provide specific contractual details including parties and subject matter involved. You must also address the following:

Define the five essential elements of an enforceable contract, and demonstrate how each element relates to your example.
Explain the circumstances of a breach of contract in your example, and discuss possible remedies.

The metropolis health system has a system wide training

The metropolis health system has a system wide training

 

The metropolis health system has a system wide training

Finance

Analying Mixed Costs

The Metropolis Health System has a system wide training course for nurses aides. The course requires a packet of material that MHS calls the training pack. Due to turnover and because the course is system-wide,there is a monthly demand for new packs. In addition, the local community college also obtains the training packs used in their credits courses from MHS. The educatiòn coordinator needs to know how much of the cost is fixed and how much of the cost is variable for these trainìng packs. She decides to use the high-low method of computation.

 

What income statement line item includes the stock based

What income statement line item includes the stock based

What income statement line item includes the stock based

Finance

Exhibit 6.16 includes a footnote excerpt from the annual report of The Coca-Cola Company for Year 4. The beverage company offers stock options to key employees under plans approved by stockholders.

Required

Review Exhibit 6.16 and answer the following questions.

a. Coca-Cola reports both pretax and after-tax stock-based compensation in its notes to the financial statements. What is the tax savings for Year 2, Year 3, and Year 4 that Coca-Cola generates from the stock-based compensation provided to its employees? Speculate on what income statement line item includes this tax savings as well as what income statement line item includes the stock-based compensation expense. (The income statement is not provided in this problem.)

b. The average option price per share and market price per share at time of grant is equal each year ($44.69 for Year 2, $49.67 for Year 3, and $41.63 for Year 4). Discuss why Coca-Cola structured the stock option grants this way each year.

c. What are the likely reasons that the fair value of options granted per share increased from Year 2 to Year 3 and then decreased from Year 3 to Year 4?

d. Coca-Cola does not report the market price of its stock at the time employees exercised options (3 million in Year 2, 4 million in Year 3, and 5 million in Year 4), but in each year the end-of-year market price is substantially higher than the average option exercise price reported in Exhibit 6.16 ($31.09 for Year 2, $26.96 for Year 3, and $35.54 for Year 4). Discuss why Coca-Cola is willing to sell shares of its stock to employees at a price (option exercise price) much lower than the firm could obtain for shares sold on the market (market price at time of exercise).

e. Coca-Cola employs the Black-Scholes valuation model for valuing stock option grants. Speculate on the directional effects of the key assumptions made in applying the Black-Scholes options pricing model. That is, which assumptions will result in a higher fair value for stock options and which will result in a lower fair value? Why?