Question
Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead. Exceptions are allowed, but they want the average to be 10 or below. The firm examined 35 randomly chosen fax transmissions during the next year, yielding a sample mean of 14.44 with a standard deviation of 4.45 pages. (a) At the .01 level of significance, is the true mean greater than 10? (b) Use Excel to find the right-tail p-value.
2 .A coin was flipped 60 times and came up heads 38 times.
(a) At the .10 level of significance, is the coin biased toward heads? Show your decision rule and calculations.
(b) Calculate a p-value and interpret it.
Question
1) Using the real estate data set, develop one research question that can be resolved using linear regression analysis.
2) Make a scatter diagram with a discussion of the expected correlation, coefficient, accompanied by the development and discussion of the actual correlation coefficient of determination.