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Principal, P = $7,000
Amount, A = $10,000
Rate of interest, r = 3% = 0.03
Number of times interest is compounded per year = 365
Time, t = ?
The compound interest formula is
ANSWER: 11.89 years
-------------------------------------------------------------------------------------------------------------
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STA3215CBE Rasmussen Critical Regions & P Values Population Parameters Paper
CompetencyFormulate and evaluate hypothesis tests for population parameters
based on sample statistics using both Critic ...
STA3215CBE Rasmussen Critical Regions & P Values Population Parameters Paper
CompetencyFormulate and evaluate hypothesis tests for population parameters
based on sample statistics using both Critical Regions and P-Values, and
be able to state results in a non-technical way that can be understood
by consumers of the data instead of statisticians.Student Profile
You are a statistician working for a drug company. A few new
scientists have been hired by your company. They are experts in
pharmacology, but are not experts in doing statistical studies, so you
will explain to them how statistical studies are done when testing two
samples for the effectiveness of a new drug. The two samples can be
dependent or independent, and you will explain the difference.
Concept being Studied
Your focus is on hypothesis tests and confidence intervals for two
populations using two samples, some of which are independent and some of
which are dependent. These concepts are an extension of hypothesis
testing and confidence intervals which use statistics from one sample to
make conclusions about population parameters.What to SubmitYour research and analysis should be presented on the Word document provided. All calculations should be provided on a separate Excel workbook that should be submitted to your boss as well.
Answer the following questions using what you've learned from this unit. Write your responses in the space provided.
2.5.1 Practice: AssignmentAnswer the following questions using what you've learned from this unit. Write your responses in ...
Answer the following questions using what you've learned from this unit. Write your responses in the space provided.
2.5.1 Practice: AssignmentAnswer the following questions using what you've learned from this unit. Write your responses in the space provided.Scoring: Each correct answer is worth 1 point. Where calculations are needed to find the answer, you must show your work to receive credit.For questions 1 – 7, use the data in the table to answer the probability questions.Franklin High School wanted to see if more boys than girls participated in school sports. A random survey of high school students was conducted, and the results are shown below:NUMBER OF STUDENTSParticipate in school sportsDo not participate in school sportsTotalsMale110180290Female100110210Total2102905001. If a student is chosen at random from those who participated in the survey, what is the probability that the student is a male?Answer choices:0.290.210.580.422. If a student is chosen at random from those who participated in the survey, what is the probability that the student is a male and participates in school sports?Answer choices:0.220.3790.5240.623. If a student is chosen at random from those who participated in the survey, what is the probability that the student participates in sports?Answer choices:0.3790.420.5240.584. If a student is chosen at random from those who participated in the survey, what is the probability that the student participates in school sports, given that the student is a male?Answer choices:0.3790.4760.5240.6215. If a student is chosen at random from those who participated in the survey, what is the probability that the student is male, given that the student participates in sports?Answer choices:0.3790.420.5240.586. To determine whether participating in sports and being male are independent events, which of the given probabilities should you compare? Select two choices.Answer choices:P(participate in sports)P(don't participate in sports)P(male)P(male|don't participate in sports)P(participate in sports|male)P(don't participate in sports|male)7. Are participating in sports and being male independent events?Answer choices:Yes. The probabilities are the same.Yes. The probabilities are different.No. The probabilities are the same.No. The probabilities are different.For questions 8 – 10, use the data in the table to answer the probability questions.A swim coach is deciding which of five swimmers she should put in the free relay at the championship meet, and who should anchor. Each swimmer's best time for 50 yards is between 29 and 30 seconds. To decide, the coach compares how many competitive swims were under 30 seconds. The swimmer who is least likely to swim under 30 seconds will be the alternate, and the swimmer most likely to swim under 30 seconds will be the anchor.Regular SeasonNumber of swims under 30 secondsTotal number of swimsCarson69Ellis1012Prestin811Ryan710Zach10138. Complete the table to identify the probability that each swimmer can swim 50 yards in under 30 seconds during a regular season meet. Enter probabilities as decimals, rounded to two decimal places.Probability of swimming 50 yards in under 30 secondsCarson Ellis Prestin Ryan Zach 9. Which swimmer should the coach choose as alternate?Answer choices:CarsonEllisPrestinRyanZach10. Which swimmer should the coach choose as anchor?Answer choices:CarsonEllisPrestinRyanZachFor questions 11 – 13, use the data in the table to answer the probability questions.Jean is going to pick up treats for a meeting. To make sure she gets back in time, she plans to choose the store that is most likely to have parking nearby and short lines. She estimates the probability of these for two nearby stores. Assume available parking and line lengths are independent.Store AStore BProbability of getting a close parking space0.90.8Probability that lines are short0.750.9511. What is the probability that Jean will find a close parking space and short lines at store A?Answer choices:0.6750.7130.720.7612. What is the probability that Jean will find a close parking space and short lines at store B?Answer choices:0.6750.7130.720.7613. Which store should Jean choose to maximize the probability of finding a nearby parking space and getting in a short line?Answer choices:Store AStore BIt doesn't matter.It can't be determined.For questions 14 – 15, identify the probability for each random number assignment.14. In a randomly generated list of numbers from 0 to 8, what is the probability that each number will occur?Answer choices:\frac{1}{7}71\frac{1}{8}81\frac{1}{9}91\frac{1}{80}80115. A randomly generated list of numbers from 0 to 7 is being used to simulate an event, with the numbers 0 and 1 representing a success. What is the estimated probability of a success?Answer choices:20%25%28.6%33.3%For questions 16 – 20, use the random numbers given and the information in the question to assign numbers and estimate the probability of there being at least one left-handed person in a group of five people.623490244021460709431750694266251090127433656116753938036947692359365436711270487941516204510222785016. About 10 percent of people are left-handed. Using single digits, which would be a correct method of assigning digits?Answer choices:Left-handed: 1; right-handed: 2 – 9Left-handed: 1; right-handed: 2 – 10Left-handed: 0; right-handed: 1 – 9Left-handed: 0; 1 right-handed: 2 – 917. How many trials were included in the simulation?Answer choices:5102010018. 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Abraham Lincoln University Standard Deviation and Stock Market Data Discussion
Use the Excel file General-Electric and upload it to SPSS. This file contains GE’s daily stock market data covering the ...
Abraham Lincoln University Standard Deviation and Stock Market Data Discussion
Use the Excel file General-Electric and upload it to SPSS. This file contains GE’s daily stock market data covering the period of 12/13/2010 to 12/11/2018. The file contains a total of 2013 daily transaction records including date, opening price of the GE stock for the day, highest price, lowest price, closing price, closing price adjusted for dividends, and the number of stocks traded (volume).1- Use the explore command in SPSS and explain whether the trading volume of the stock is normally distributed. Make sure to discuss, Skewness, kurtosis, results from test of normality as well as the Q-Q plots.2- Select a random Sample of exactly 125 observations. Then run the descriptive command and calculate the mean and standard deviation of the sample. Repeat this process (i.e., selection of a random sample and descriptive command) exactly 50 times. Hint: Use SPSS syntax to repeat the command. List both values (mean and the standard deviation) in a new excel file with proper column headings.3- Upload the newly created excel file into SPSS and create a histogram of both the calculated means and standard deviations.4- Run the explore command similar to what you did in step 1 for both variables and make your observations. Does the Central Limit Theorem (CLT) apply to both measurements?5- Suppose you believe that the true average daily trade volume for General Electric stock is 49,829,719 shares. Based on a recent sample you have also calculated a standard deviation of 21,059,637 shares. Considering a 95% confidence level, what is the minimum required sample size if you like your sampling error to be limited to 10,000,000 shares. What sample size would offer a sampling error of not more than 20,000,000 shares? Assuming N=2013 represents the total population size, how will your calculations change for the finite sample?6- Is there a statistically significant difference between the average trading volume in 2017 and 2018? Hint: While technically, this can be carried out as a pared sample t-test since volume data are reported for the same stock, we will treat this as independent samples. Complete your calculations by hand assuming M2017=46108055, S2017=34099055, n2017=251, M2018= 87241844, S2018=50977722, n2018=238.Repeat the test, this time by using SPSS. Hint: Create a new grouping variable for 2017 and 2018 and use it to run your test.
LCCC Standard Deviation & Test Statistic Tuition Costs Hypothesis Testing Worksheet
Hypothesis Testing Project Listed Below are the Tuition Costs for the 50 States in the U.S. for in and out of state ...
LCCC Standard Deviation & Test Statistic Tuition Costs Hypothesis Testing Worksheet
Hypothesis Testing Project Listed Below are the Tuition Costs for the 50 States in the U.S. for in and out of state State In - State Out of State State In State Out of State Alabama $10,539 $25,760 Montana $ 6.920 $ 23,220 Alaska 7,440 22,840 Nebraska 8,270 20,310 Arizona 11,220 29,750 New Hampshire 16,070 28,430 Arkansas 8,550 21,000 New Jersey 13,870 26,600 California 9.680 32,590 New Mexico 6,920 20,060 Colorado 10,800 30,600 New York 7,940 24,520 Connecticut 12,390 29,020 N. Carolina 7,380 19,500 Delaware 12,270 30,970 N. Dakota 8,200 19,420 Florida 6,360 21,880 Ohio 10,510 25,000 Georgia 8,570 26,760 Oklahoma 8,460 22,250 Hawaii 10,660 31,090 Oregon 10,360 30,300 Idaho 7,250 31,090 Pennsylvania 14,440 26,960 Illinois 13,620 23,480 Rhode Island 12,230 28,910 Indiana 9.360 29,170 S. Carolina 12,610 31,350 Iowa 8,760 29,170 S. Dakota 8,450 12,480 Kansas 9,230 23,910 Tennessee 9,790 26,640 Kentucky 10,300 23,710 Texas 9,840 26,640 Louisiana 9,300 23,280 Utah 6,790 20,730 Maine 9,970 27,010 Vermont 16,040 38,990 Maryland 9,580 22,060 Virginia 12,820 33,270 Massachusetts 12,730 29,220 Washington 9,480 29,300 Michigan 12,930 36,840 W. Virginia 7,890 21,550 Minnesota 11,300 20,890 Wisconsin 8,960 22,930 Mississippi 8,870 19,060 Wyoming 5,220 16,830 Missouri 8,870 23,220 Random choose 30 random tuition cost from the above table either for In-State or Out of State tuition cost. Find the mean and the standard deviation for the data set you chose.The College Board is an American not-for-profit organization that was formed in December 1899 as the College Entrance Examination Board to expand access to higher education. While the College Board is not an association of colleges, it runs a membership association of institutions, including over 6,000 schools, colleges, universities, and other educational organizations. The College Board states that the Average Total Cost of Public Colleges: $25,290 (in-state) $40,940 (out-of-state) and the Average Total Cost of Private Colleges: $50,900.Depending upon whether you chose In-State or Out- of-State, create the hypothesis student t test with a 0.05 level of significance, is greater than or less than the stated values above.The standard deviation is known to be $659 for college tuition, complete the following hypothesis test for that the standard deviation of college tuition is not equal to $659. State the null and alternate hypothesis.Find the critical values:Alpha ______d.f ________Critical t: _______Compute the sample test statistic using the formula : t = Complete the diagram:Indicate whether to reject of do not reject Ho. ____________________Write your written conclusion below: a) State the null and alternate hypothesis: Find the critical values:Alpha ______d.f ________ = _________ = _______Find the test statistic: Complete the diagram:Indicate whether to reject of do not reject Ho. ____________________ Write your written conclusion below:
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20210128002212math265 Course Project Part A 1
In this part of the project, you will be modelling the behavior of a resistor-capacitor (RC) circuit that is In this circu ...
20210128002212math265 Course Project Part A 1
In this part of the project, you will be modelling the behavior of a resistor-capacitor (RC) circuit that is In this circuit, initially, the capacitor ...
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STA3215CBE Rasmussen Critical Regions & P Values Population Parameters Paper
CompetencyFormulate and evaluate hypothesis tests for population parameters
based on sample statistics using both Critic ...
STA3215CBE Rasmussen Critical Regions & P Values Population Parameters Paper
CompetencyFormulate and evaluate hypothesis tests for population parameters
based on sample statistics using both Critical Regions and P-Values, and
be able to state results in a non-technical way that can be understood
by consumers of the data instead of statisticians.Student Profile
You are a statistician working for a drug company. A few new
scientists have been hired by your company. They are experts in
pharmacology, but are not experts in doing statistical studies, so you
will explain to them how statistical studies are done when testing two
samples for the effectiveness of a new drug. The two samples can be
dependent or independent, and you will explain the difference.
Concept being Studied
Your focus is on hypothesis tests and confidence intervals for two
populations using two samples, some of which are independent and some of
which are dependent. These concepts are an extension of hypothesis
testing and confidence intervals which use statistics from one sample to
make conclusions about population parameters.What to SubmitYour research and analysis should be presented on the Word document provided. All calculations should be provided on a separate Excel workbook that should be submitted to your boss as well.
Answer the following questions using what you've learned from this unit. Write your responses in the space provided.
2.5.1 Practice: AssignmentAnswer the following questions using what you've learned from this unit. Write your responses in ...
Answer the following questions using what you've learned from this unit. Write your responses in the space provided.
2.5.1 Practice: AssignmentAnswer the following questions using what you've learned from this unit. Write your responses in the space provided.Scoring: Each correct answer is worth 1 point. Where calculations are needed to find the answer, you must show your work to receive credit.For questions 1 – 7, use the data in the table to answer the probability questions.Franklin High School wanted to see if more boys than girls participated in school sports. A random survey of high school students was conducted, and the results are shown below:NUMBER OF STUDENTSParticipate in school sportsDo not participate in school sportsTotalsMale110180290Female100110210Total2102905001. If a student is chosen at random from those who participated in the survey, what is the probability that the student is a male?Answer choices:0.290.210.580.422. If a student is chosen at random from those who participated in the survey, what is the probability that the student is a male and participates in school sports?Answer choices:0.220.3790.5240.623. If a student is chosen at random from those who participated in the survey, what is the probability that the student participates in sports?Answer choices:0.3790.420.5240.584. If a student is chosen at random from those who participated in the survey, what is the probability that the student participates in school sports, given that the student is a male?Answer choices:0.3790.4760.5240.6215. If a student is chosen at random from those who participated in the survey, what is the probability that the student is male, given that the student participates in sports?Answer choices:0.3790.420.5240.586. To determine whether participating in sports and being male are independent events, which of the given probabilities should you compare? Select two choices.Answer choices:P(participate in sports)P(don't participate in sports)P(male)P(male|don't participate in sports)P(participate in sports|male)P(don't participate in sports|male)7. Are participating in sports and being male independent events?Answer choices:Yes. The probabilities are the same.Yes. The probabilities are different.No. The probabilities are the same.No. The probabilities are different.For questions 8 – 10, use the data in the table to answer the probability questions.A swim coach is deciding which of five swimmers she should put in the free relay at the championship meet, and who should anchor. Each swimmer's best time for 50 yards is between 29 and 30 seconds. To decide, the coach compares how many competitive swims were under 30 seconds. The swimmer who is least likely to swim under 30 seconds will be the alternate, and the swimmer most likely to swim under 30 seconds will be the anchor.Regular SeasonNumber of swims under 30 secondsTotal number of swimsCarson69Ellis1012Prestin811Ryan710Zach10138. Complete the table to identify the probability that each swimmer can swim 50 yards in under 30 seconds during a regular season meet. Enter probabilities as decimals, rounded to two decimal places.Probability of swimming 50 yards in under 30 secondsCarson Ellis Prestin Ryan Zach 9. Which swimmer should the coach choose as alternate?Answer choices:CarsonEllisPrestinRyanZach10. Which swimmer should the coach choose as anchor?Answer choices:CarsonEllisPrestinRyanZachFor questions 11 – 13, use the data in the table to answer the probability questions.Jean is going to pick up treats for a meeting. To make sure she gets back in time, she plans to choose the store that is most likely to have parking nearby and short lines. She estimates the probability of these for two nearby stores. Assume available parking and line lengths are independent.Store AStore BProbability of getting a close parking space0.90.8Probability that lines are short0.750.9511. What is the probability that Jean will find a close parking space and short lines at store A?Answer choices:0.6750.7130.720.7612. What is the probability that Jean will find a close parking space and short lines at store B?Answer choices:0.6750.7130.720.7613. Which store should Jean choose to maximize the probability of finding a nearby parking space and getting in a short line?Answer choices:Store AStore BIt doesn't matter.It can't be determined.For questions 14 – 15, identify the probability for each random number assignment.14. In a randomly generated list of numbers from 0 to 8, what is the probability that each number will occur?Answer choices:\frac{1}{7}71\frac{1}{8}81\frac{1}{9}91\frac{1}{80}80115. A randomly generated list of numbers from 0 to 7 is being used to simulate an event, with the numbers 0 and 1 representing a success. What is the estimated probability of a success?Answer choices:20%25%28.6%33.3%For questions 16 – 20, use the random numbers given and the information in the question to assign numbers and estimate the probability of there being at least one left-handed person in a group of five people.623490244021460709431750694266251090127433656116753938036947692359365436711270487941516204510222785016. About 10 percent of people are left-handed. Using single digits, which would be a correct method of assigning digits?Answer choices:Left-handed: 1; right-handed: 2 – 9Left-handed: 1; right-handed: 2 – 10Left-handed: 0; right-handed: 1 – 9Left-handed: 0; 1 right-handed: 2 – 917. How many trials were included in the simulation?Answer choices:5102010018. Using 0 to represent a left-handed person, how many trials included at least one left-handed person?Answer choices:59111219. What is the estimated probability that there is at least one left-handed person in a group of five people?Answer choices:11%22%50%55%20. If you want to increase the likelihood that your estimated probability is close to the actual probability, what should you do?Answer choices:Change the assignment of digits.Increase the number of trials from 20 to 50.Decrease the number of trials from 20 to 10.Decrease the size of the random number groups from five digits to two.
Abraham Lincoln University Standard Deviation and Stock Market Data Discussion
Use the Excel file General-Electric and upload it to SPSS. This file contains GE’s daily stock market data covering the ...
Abraham Lincoln University Standard Deviation and Stock Market Data Discussion
Use the Excel file General-Electric and upload it to SPSS. This file contains GE’s daily stock market data covering the period of 12/13/2010 to 12/11/2018. The file contains a total of 2013 daily transaction records including date, opening price of the GE stock for the day, highest price, lowest price, closing price, closing price adjusted for dividends, and the number of stocks traded (volume).1- Use the explore command in SPSS and explain whether the trading volume of the stock is normally distributed. Make sure to discuss, Skewness, kurtosis, results from test of normality as well as the Q-Q plots.2- Select a random Sample of exactly 125 observations. Then run the descriptive command and calculate the mean and standard deviation of the sample. Repeat this process (i.e., selection of a random sample and descriptive command) exactly 50 times. Hint: Use SPSS syntax to repeat the command. List both values (mean and the standard deviation) in a new excel file with proper column headings.3- Upload the newly created excel file into SPSS and create a histogram of both the calculated means and standard deviations.4- Run the explore command similar to what you did in step 1 for both variables and make your observations. Does the Central Limit Theorem (CLT) apply to both measurements?5- Suppose you believe that the true average daily trade volume for General Electric stock is 49,829,719 shares. Based on a recent sample you have also calculated a standard deviation of 21,059,637 shares. Considering a 95% confidence level, what is the minimum required sample size if you like your sampling error to be limited to 10,000,000 shares. What sample size would offer a sampling error of not more than 20,000,000 shares? Assuming N=2013 represents the total population size, how will your calculations change for the finite sample?6- Is there a statistically significant difference between the average trading volume in 2017 and 2018? Hint: While technically, this can be carried out as a pared sample t-test since volume data are reported for the same stock, we will treat this as independent samples. Complete your calculations by hand assuming M2017=46108055, S2017=34099055, n2017=251, M2018= 87241844, S2018=50977722, n2018=238.Repeat the test, this time by using SPSS. Hint: Create a new grouping variable for 2017 and 2018 and use it to run your test.
LCCC Standard Deviation & Test Statistic Tuition Costs Hypothesis Testing Worksheet
Hypothesis Testing Project Listed Below are the Tuition Costs for the 50 States in the U.S. for in and out of state ...
LCCC Standard Deviation & Test Statistic Tuition Costs Hypothesis Testing Worksheet
Hypothesis Testing Project Listed Below are the Tuition Costs for the 50 States in the U.S. for in and out of state State In - State Out of State State In State Out of State Alabama $10,539 $25,760 Montana $ 6.920 $ 23,220 Alaska 7,440 22,840 Nebraska 8,270 20,310 Arizona 11,220 29,750 New Hampshire 16,070 28,430 Arkansas 8,550 21,000 New Jersey 13,870 26,600 California 9.680 32,590 New Mexico 6,920 20,060 Colorado 10,800 30,600 New York 7,940 24,520 Connecticut 12,390 29,020 N. Carolina 7,380 19,500 Delaware 12,270 30,970 N. Dakota 8,200 19,420 Florida 6,360 21,880 Ohio 10,510 25,000 Georgia 8,570 26,760 Oklahoma 8,460 22,250 Hawaii 10,660 31,090 Oregon 10,360 30,300 Idaho 7,250 31,090 Pennsylvania 14,440 26,960 Illinois 13,620 23,480 Rhode Island 12,230 28,910 Indiana 9.360 29,170 S. Carolina 12,610 31,350 Iowa 8,760 29,170 S. Dakota 8,450 12,480 Kansas 9,230 23,910 Tennessee 9,790 26,640 Kentucky 10,300 23,710 Texas 9,840 26,640 Louisiana 9,300 23,280 Utah 6,790 20,730 Maine 9,970 27,010 Vermont 16,040 38,990 Maryland 9,580 22,060 Virginia 12,820 33,270 Massachusetts 12,730 29,220 Washington 9,480 29,300 Michigan 12,930 36,840 W. Virginia 7,890 21,550 Minnesota 11,300 20,890 Wisconsin 8,960 22,930 Mississippi 8,870 19,060 Wyoming 5,220 16,830 Missouri 8,870 23,220 Random choose 30 random tuition cost from the above table either for In-State or Out of State tuition cost. Find the mean and the standard deviation for the data set you chose.The College Board is an American not-for-profit organization that was formed in December 1899 as the College Entrance Examination Board to expand access to higher education. While the College Board is not an association of colleges, it runs a membership association of institutions, including over 6,000 schools, colleges, universities, and other educational organizations. The College Board states that the Average Total Cost of Public Colleges: $25,290 (in-state) $40,940 (out-of-state) and the Average Total Cost of Private Colleges: $50,900.Depending upon whether you chose In-State or Out- of-State, create the hypothesis student t test with a 0.05 level of significance, is greater than or less than the stated values above.The standard deviation is known to be $659 for college tuition, complete the following hypothesis test for that the standard deviation of college tuition is not equal to $659. State the null and alternate hypothesis.Find the critical values:Alpha ______d.f ________Critical t: _______Compute the sample test statistic using the formula : t = Complete the diagram:Indicate whether to reject of do not reject Ho. ____________________Write your written conclusion below: a) State the null and alternate hypothesis: Find the critical values:Alpha ______d.f ________ = _________ = _______Find the test statistic: Complete the diagram:Indicate whether to reject of do not reject Ho. ____________________ Write your written conclusion below:
5 pages
20210128002212math265 Course Project Part A 1
In this part of the project, you will be modelling the behavior of a resistor-capacitor (RC) circuit that is In this circu ...
20210128002212math265 Course Project Part A 1
In this part of the project, you will be modelling the behavior of a resistor-capacitor (RC) circuit that is In this circuit, initially, the capacitor ...
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