Show three trials by clearly labeling the random number table given below. Specify the outcome of ...

Show three trials by clearly labeling the random number table given below. Specify the outcome of each trial.
 
  Trial 1:
  10242 50692 18977 28370 82669 83236 77479 90618 43707 78695
  Trial 2:
  81183 48554 60809 39996 81915 25404 33366 92082 04822 79866
  Trial 3:
  06765 67041 20479 54612 13411 36837 69983 53082 43589 27865

Q. 2

The variables, quantitative or qualitative, whose effect on a response variable is of interest are called __________.
 
  A) the experimental units B) factors
  C) the treatments D) the factor level

Q. 3

A computer package was used to generate the following printout for estimating the mean sale price of homes in a particular neighborhood.
 
  X = sale_price
 
   SAMPLE MEAN OF X = 46,400
   SAMPLE STANDARD DEV = 13,747
    SAMPLE SIZE OF X = 15
   CONFIDENCE = 90
 
   UPPER LIMIT = 52,650.6
   SAMPLE MEAN OF X = 46,400
   LOWER LIMIT = 40,149.4
 
  At what level of reliability is the confidence interval made?
  A) 45 B) 90 C) 10 D) 55

Q. 4

If x is a binomial random variable, calculate  for n = 60 and p = 0.7. Round to three decimal places when necessary.
 
  A) 3.55 B) 12.6 C) 42 D) 6.481

Q. 5

Describe how you will use a random number table to conduct this simulation.
 
  What will be an ideal response?

Q. 6

The variable measured in the study is called __________.
 
  A) the treatment B) the response variable
  C) the factor level D) a sampling unit

Q. 7

Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an average of 900 per month and a standard deviation of 50 per month.
 
  Refer to such expenses as PCE's (personal call expenses). Find the point in the distribution below which 2.5 of the PCE's fell.
  A) 877.50 B) 998.00 C) 802.00 D) 22.50

Q. 8

Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Much of this money is invested in a fund called an endowment, and the college spends only the interest earned by the fund.
 
  A recent survey of eight private colleges in the United States revealed the following endowments (in millions of dollars): 88.9, 56, 249.3, 497, 124.7, 157.6, 108.9, and 222.8. What value will be used as the point estimate for the mean endowment of all private colleges in the United States?
  A) 1505.2 B) 215.029 C) 8 D) 188.15

Q. 9

If x is a binomial random variable, calculate  for n = 100 and p = 0.8.
 
  A) 50 B) 80 C) 8 D) 16