In 1912 the Titanic struck an iceberg and sank on its first voyage. Some passengers got off the ship in lifeboats, but many died. The following two-way table gives information about adult passengers who survived and who died, by class of travel.
Suppose we randomly select one of the adult passengers who rode on the Titanic. Define event D as getting a person who died and event F as getting a passenger in first class. Find P (not a passenger in first class and survived).
An investor plans to put $50,000 in one of four investments. The return on each investment depends on whether next year’s economy is strong or weak. The following table summarizes the possible payoffs, in dollars, for the four investments.
Let V, W, X, and Y denote the payoffs for the certificate of deposit, office complex, land speculation, and technical school, respectively. Then V, W, X, and Y are random variables. Assume that next year’s economy has a 40% chance of being strong and a 60% chance of being weak. a. Find the probability distribution of each random variable V, W, X, and Y. b. Determine the expected value of each random variable. c. Which investment has the best expected payoff? the worst? d. Which investment would you select? Explain.
A clinical trial was conducted to test the effectiveness of a drug for treating insomnia in older subjects. Before treatment, 13 subjects had a mean wake time of 101.0 min. After treatment, the 13 subjects had a mean wake time of 94.6 min and a standard deviation of 24.9 min. Assume that the 13 sample values appear to be from a normally distributed population and construct a
Construct the
What does the result suggest about the mean wake time of 101.0 min before the treatment? Does the drug appear to be effective?
The confidence interval ▼ does not include| includes the mean wake time of 101.0 min before the treatment, so the means before and after the treatment ▼ could be the same |are different. This result suggests that the drug treatment ▼ does not have | has a significant effect.
Based on a simple random sample of 1300 college students, it is found that 299 students own a car. We wish to construct a
A) Read carefully the text and provide each of the following:
The sample size
from the sample, the number of college students who own a car is
the confidence level is
B) Find the sample proportion
and