Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On April 15 th , 1912, the R.M.S. Titanic sank into the North Atlantic Ocean, resulting in the loss of more than 1,500 passengers and

On April 15th, 1912, the R.M.S. Titanic sank into the North Atlantic Ocean, resulting in the loss of more than 1,500 passengers and crew. Below is a table which summarizes the total number of passengers and the number of survivors for the crew, first-, second-, and third-class. Find the proportion of survivors by type of service (crew, first, second, third). Test the hypothesis at the 95% confidence level that the proportion of first-class survivors is the same as the proportion of third-class survivors. What do you calculate for the test-statistic? What is the critical statistic? What is the conclusion of your hypothesis test?

Class

Passengers

Survived

Crew

885

212

First

325

202

Second

285

118

Third

706

178

Total

2201

710

Hypothesis Testing and Errors (5 points)

Sample Size (10 points)

You work in the leasing office of GE capital and wish to predict the average mileage driven of your leased cars within a margin of error of 100 miles (you need this for your company's financial disclosures). Suppose your average customer drives 10,000 miles a year, and your guess for the standard deviation is about 500 miles. How big of a sample size do you need to generate a 95% confidence interval with a mean of 10,000 miles a year with a margin of error of 100 miles?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions

Question

Use the distributive property to find the product. (10-15) 1

Answered: 1 week ago

Question

Explain Promotion Mix.

Answered: 1 week ago

Question

Explain the promotional mix elements.

Answered: 1 week ago

Question

1. There are many social organisations around us?

Answered: 1 week ago

Question

Why advertising is important in promotion of a product ?

Answered: 1 week ago