An economist at Vanderbilt University devised a study to compare different types of online auctions. In one experiment he compared a Dutch auction to a first-place sealed bid auction. In the Dutch auction the item for sale starts at a very high price and is lowered gradually until someone finds the price low enough to buy. In the first-price sealed bid auction each bidder submits a single sealed bid before a particular deadline. After the deadline, the person with the highest bid wins. The researcher auctioned off collectible trading cards from the game Magic: The Gathering. He placed pairs of identical cards up for auction; one would go into Dutch auction and the other to the first-price sealed bid auction. He then looked at the difference in the prices he received on the pair. He repeated this for a total of 88 pairs.
[a] Explained why the data should be analyzed using paired samples as opposed to two independent samples.
[b] What makes a pair?
[c] What is the explanatory variable? Is it categorical or quantitative?
[d] What is the response variable? Is it categorical or quantitative?
[e] State the relevant hypotheses in words:
Null hypothesis:
Alternative hypothesis:
[f] Define the parameter of interest and give the symbol that should be assigned to it.
[g] State the relevant hypotheses in symbols (using a parameter):
Null hypothesis:
Alternative hypothesis:
[h] Assume the p-value is 0.17 (write a conclusion).

Answers

Answer 1

Answer:

Step-by-step explanation:

a. The data should be analyzed using paired samples because the economist made two measurements (samples) drawn from the same pair of identical cards. Each data point in one sample is uniquely paired to a data point in the second sample.

b. A pair is made up of two identical cards where one would go into Dutch auction and the other to the first-price sealed bid auction.

c. The explanatory variables are the types of online auction which are the Dutch auction and the first price sealed bid auction. The explanation variable here is categorical: the Dutch auction and the first price sealed bid auction.

d. The response variable which is also known as the outcome variable is prices for the 2 different auction for each pair of identical cards. This variable is quantitative.

e. Null Hypothesis in words: There is no difference in the prices obtained in the two different online auction.

Alternative hypothesis: There is a difference in the prices obtained in the two different online auction.

f. The parameter of interest in this case is the mean prices of pairs of identical cards for both auction and is assigned p.

g. Null hypothesis: p(dutch) = p(first-price sealed auction)

Alternative hypothesis: p(dutch) =/ p(first-price sealed auction)

h. Assuming the p-value is 0.17 at an assed standard 0.05 significance level, our conclusion would be to fail to reject the null hypothesis as 0.17 is greater than 0.05 or even 0.01 and we can conclude that, there is no statistically significant evidence to prove that there is a difference in the prices obtained in the two different online auction.


Related Questions

Choose the ratio that you would use to convert 1.5 feet to miles. Remember
that there are 5,280 feet in one mile.

Answers

Answer: B, 1 mile / 5280 ft.

Step-by-step explanation: If you need to convert feet to miles the unit multiplier (ratio) that you use should have miles on top and feet on the bottom so that the feet cancel when you multiply, leaving miles as the unit. B is the only answer that has miles on top and feet on the bottom as well as the correct amounts (1 mile and 5280 ft).

The answer is B because I think that it the correct answer

Please answer this correctly

Answers

Answer:

Pillows:

Blankets:

Pet Beds:

Step-by-step explanation:

18 + 45 + 27 = 90 (there are 90 students)

18 out of 90 = 20%

45 out of 90 = 50%

27 out of 90 = 30%

Hope this helps!

Based on the following construction which statement below must NOT be true?

Answers

Answer:

  see below

Step-by-step explanation:

The construction makes ray BF a bisector of angle ABC. That bisector divides ABC into the two congruent angles DBF and EBF. As a consequence, angle EBF will be half of ABC, not equal to ABC.

Change 3.2t into kilograms please help me

Answers

Let's think:

1 ton ------------ 1000 kilograms

3.2 tons ----------- x kilograms

Multiply in cross

1 . x = 1000 . 3.2

x = 3200

So 3.2t = 3200 kilograms

Answer:

It is 2902.99 to be exact

Step-by-step explanation:

You have been assigned to determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 95% confidence, the proportion of people preferring Coke within 3% of the actual value? [Hint: proportion est. = 0.5] Round your answer to whole number

Answers

Answer:

[tex]n=\frac{0.5(1-0.5)}{(\frac{0.03}{1.96})^2}=1067.11[/tex]  

And rounded up we have that n=1068

Step-by-step explanation:

For this case we have the following info given:

[tex] ME=0.03[/tex] the margin of error desired

[tex]Conf= 0.95[/tex] the level of confidence given

The margin of error for the proportion interval is given by this formula:  

[tex] ME=z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}[/tex]    (a)  

the critical value for 95% of confidence is [tex] z=1.96[/tex]

We can use as estimator for the population of interest [tex]\hat p=0.5[/tex]. And on this case we have that [tex]ME =\pm 0.03[/tex] and we are interested in order to find the value of n, if we solve n from equation (a) we got:  

[tex]n=\frac{\hat p (1-\hat p)}{(\frac{ME}{z})^2}[/tex]   (b)  

And replacing into equation (b) the values from part a we got:

[tex]n=\frac{0.5(1-0.5)}{(\frac{0.03}{1.96})^2}=1067.11[/tex]  

And rounded up we have that n=1068

For each ordered pair, determine whether it is a solution to x=-3.


Answers

Answer: no, no, no, yes

Step-by-step explanation:

x=-3 is a vertical line. It goes straight up and down at x=-3. In order for the points to be on this line, the x-axis has to be -3. Looking at all the choices, all points are not a solution with the exception of (-3,0) which is right on the line.

Answer:

no no no yes

Step-by-step explanation:

i think

Find the midpoint of AB when A=(1,-2) B=(1,-1)

Answers

Answer:

Midpoint Of AB = ( 1+1/2 , -2-1/2)

= (2/2 , -3/2)

= ( 1 , -1.5)

Hope this helps

Please mark Branliest.

Answer:

-2,0

Step-by-step explanation:

Rata-rata markah matematik untuk Amin, azman dan aziz adalah 73. Tanda Azman lebih 35 berbanding Amin manakala aziz dua kali ganda daripada Amun. Apakah tanda Amin?

Answers

Answer:

The Amin's score in math was 46.

Step-by-step explanation:

The question is:

The average math score for Amin, azman and aziz is 73. Azman marks 35 more than Amin while aziz is twice that of Amun. What is Amin's sign?

Solution:

Let us denote that:

x = Amin's score in math

y = Azman's score in math

z = Aziz's score in math.

The average of x, y and z is, 73.

That is:

[tex]\frac{x+y+z}{3}=73\\\\\Rightarrow x+y+z = 219[/tex]

Now it is provided that:

[tex]y=x+35...(i)\\z=2x...(ii)[/tex]

Use the equations (i) and (ii) to determine the value of x as follows:

[tex]x+y+z=219\\\\x+x+35+2x=219\\\\4x=184\\\\x=46[/tex]

Thus, the Amin's score in math was 46.

Heidi looks at the donkeys and
tourists. She counts 50 heads
and 114 legs.
How many donkeys are there?
o
ANSWER:
O The retired question​

Answers

Answer:

7 donkeys

Step-by-step explanation:

Given

A system consisting of donkeys and tourists

Heads = 50

Legs = 114

Required

Calculate number of donkeys.

Represent donkeys with D and tourists with T.

By means of identification; donkeys and tourists (human) both have 1 head.

This implies that

Number of Heads = D + T

50 = D + T ----- Equation 1

While each donkey have 4 legs, each tourists have 2 legs.

This implies that

Number of legs = 4D + 2T

114 = 4D + 2T ---- Multiply both sides by ½

114 * ½ = (4D + 2T) * ½

57 = 4D * ½ + 2T * ½

57 = 2D + T ----- Equation 2

Subtract equation 1 from 2

57 = 2D + T

- (50 = D + T)

---------------------

57 - 50 = 2D - D + T - T

7 = D

Recall that D represents the number of donkeys.

So, D = 7 implies that

The total number of donkeys are 7

Heights of Women. Heights of adult women are distributed normally with a mean of 162 centimeters and a standard deviation of 8 centimeters. Use the Table B.3 Areas under the Normal Curve (page 519 of the textbook) to find the indicated quantities: a) The percentage of heights less than 150 centimeters b) The percentage of heights between 160 centimeters and 180 centimeters

Answers

Answer:

a) 6.68% of heights less than 150 centimeters

b) 58.65% of heights between 160 centimeters and 180 centimeters

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this question, we have that:

[tex]\mu = 162, \sigma = 8[/tex]

a) The percentage of heights less than 150 centimeters

We have to find the pvalue of Z when X = 150. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{150 - 162}{8}[/tex]

[tex]Z = -1.5[/tex]

[tex]Z = -1.5[/tex] has a pvalue of 0.0668

6.68% of heights less than 150 centimeters

b) The percentage of heights between 160 centimeters and 180 centimeters

We have to find the pvalue of Z when X = 180 subtracted by the pvalue of Z when X = 160.

X = 180

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{180 - 162}{8}[/tex]

[tex]Z = 2.25[/tex]

[tex]Z = 2.25[/tex] has a pvalue of 0.9878

X = 160

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{160 - 162}{8}[/tex]

[tex]Z = -0.25[/tex]

[tex]Z = -0.25[/tex] has a pvalue of 0.4013

0.9878 - 0.4013 = 0.5865

58.65% of heights between 160 centimeters and 180 centimeters

If the volume of a cube is
64 cubic feet, what is the
surface area of the cube in
square feet?

Answers

Answer:

96 ft^2

Step-by-step explanation:

volume=l^3

l=4

4x4x4=64

Surface area (4x4)=16

16x6=96

Answer:

SA =96 ft^2

Step-by-step explanation:

The volume of a cube is given by

V = s^3

64 = s^3

Take the cube root of each side

64 ^ 1/3 = s^3 ^ 1/3

4 =s

The side length si 4

The surface area of a cube is

SA = 6 s^2

SA = 6 * 4^2

SA = 6 * 16

SA =96 ft^2

The 3 by 3 grid below shows nine 1 cm x 1 cm squares and uses 24 cm of wire.
What length of wire is required for a similar 20 by 20 grid?

Answers

Answer:

840 cm

Step-by-step explanation:

From the diagram attached, the 3 by 3 grid is made up of nine 1 cm x 1 cm squares. The the length of wire needed to make this grid consist of four rows each row having a length of 3 cm and four columns with each column having a length of 3 cm.

The length of wire required by the 3 by 3 grid = 4 column (3 cm / column) + 4 row (3 cm / row) = 12 cm + 12 cm = 24 cm

The 20 by 20 grid is made up of twenty 1 cm x 1 cm squares. The the length of wire needed to make this grid consist of twenty one rows each row having a length of 20 cm and twenty columns with each column having a length of 20 cm.

The length of wire required by the 20 by 20 grid = 21 column (20 cm / column) + 21 row (20 cm / row) = 420 cm + 420 cm = 840 cm

Clarkson University surveyed alumni to learn more about what they think of Clarkson. One part of the survey asked respondents to indicate whether their overall experience at Clarkson fell short of expectations, met expectations, or surpassed expectations. The results showed that of the respondents did not provide a response, said that their experience fell short of expectations, and of the respondents said that their experience met expectations.A. If we chose an alumnus at random, what is the probability that the alumnus would say their experience surpassed expectations?B. If we chose an alumnus at random, what is the probability that the alumnus would say their experience met or surpassed expectations?

Answers

Answer:

Step-by-step explanation:

The question is incomplete. The complete question is:

Clarkson University surveyed alumni to learn more about what they think of Clarkson. One part of the survey asked respondents to indicate whether their overall experience at Clarkson fell short of expectations, met expectations, or surpassed expectations. The results showed that 4% of respondents did not provide a response, 26% said that their experience fell short of expectations, 65% of the respondents said that their experience met expectations (Clarkson Magazine, Summer, 2001). If we chose an alumnus at random, what is the probability that the alumnus would say their experience surpassed expectations? If we chose an alumnus at random, what is the probability that the alumnus would say their experience met or surpassed expectations?

Solution:

Probability = number of favorable outcomes/number of total outcomes

From the information given,

The probability that respondents did not provide a response, P(A) is 4/100 = 0.04

The probability that a respondent said that their experience fell short of expectations, P(B) is 26/100 = 0.26

The probability that a respondent said that their experience met expectations, P(C) is 65/100 = 0.65

A) Adding all the probabilities, it becomes 0.04 + 0.26 + 0.65 = 0.95

Therefore, the probability,P(D) that a respondent said that their experience surpassed expectations is 1 - 0.95 = 0.05

B) The event of a randomly chosen respondent saying that their experience met expectations and that their experience surpassed expectations are mutually exclusive because they cannot occur together. It means that P(C) × P(D) = 0

Therefore, the probability of P(C) or P(D) is 0.65 + 0.05 = 0.7

Find the equation of the line given
the gradient
Parrallel to the line y= - 2x+4
point ( 1-3)

Answers

Answer:

y = -2x - 1

Step-by-step explanation:

Step 1: Find the parallel line

y = -2x + b

Step 2: Solve for b

-3 = -2(1) + b

-3 = -2 + b

b = -1

Step 3: Write parallel equation

y = -2x - 1

Simplify 5^2 · 5^9 1. 5^11 2. 5^18 3. 25^11 4. 25^18

Answers

Answer:

Answer choice 1

Step-by-step explanation:

[tex]5^2\cdot 5^9= \\\\5^{2+9}= \\\\5^{11}[/tex]

Therefore, the correct answer choice is choice 1. Hope this helps!

Length of Triangles.

Answers

Answer:

9

Step-by-step explanation:

Since the scale factor is 12/8 = 1.5, to find LA we have to multiply FI by 1.5 which is 6 * 1.5 = 9.


[tex]{f}^{4} = - 1[/tex]
O True
O False
?​

Answers

Answer:

False.

Step-by-step explanation:

This statement is false, for any value of F because the power function with an even exponent is always positive or 0.

Graph g(x)=-2|x-5|-4

Answers

Answer:

Step-by-step explanation:

Let's list the elements of these sets and write whether thoy are empty
(null), singleton, finite or Infinito sots.
a) A = {prime number between 6 and 7)
b) B = {multiples of 2 less than 20}​

Answers

Answer:

a. They are empty set.

b. they are finite set.

Solution,

a. A={ prime number between 6 and 7}

There are not any number between 6 and 7.

So there will be no Elements.

A={ }

It is empty set.

Empty set are those set which doesn't contain any Element.

b.B={multiples of 2 less than 20}

B={2,4,6,8,10,12,14,16,18}

It is a finite set.

Finite set are those set which we can count easily.

Hope this helps...

Good luck on your assignment...

What is the sum of 2x^2-x and -x-2x^2-2

Answers

Answer:-2x-2

[tex]solution \\ {2x}^{2} - x + ( - x - {2x}^{2} - 2) \\ = {2x}^{2} - x - x - {2x}^{2} - 2 \\ = {2x}^{2} - {2x}^{2} - x - x - 2 \\ = - 2x - 2[/tex]

Hope it helps

Good luck on your assignment

Answer:

[tex] - 2x - 2[/tex]

Step-by-step explanation:

[tex]2 {x}^{2} - x + ( - x - 2 {x}^{2} - 2) \\ 2 {x}^{2} - x - x - 2 {x}^{2} - 2 \\ 2 {x}^{2} - 2 {x}^{2} - x - x - 2 \\ - 2x - 2[/tex]

hope this helps you.

brainliest appreciated

good luck!

have a nice day!

Could you please help me with this problem.

Answers

Answer:

x=62

please see the attached picture for full solution...

Hope it helps...

Good luck on your assignment....

Solve the equation.
5x + 8 - 3x = -10
x = -1
x=1
x=9


Answers

Answer:

x=-9

solution,

[tex]5x + 8 - 3x = - 10 \\ or \: 5x - 3x + 8 = -10 \\ or \: 2x + 8 = -10 \\ or \: 2x = -10 - 8 \\ or \: 2x = -18\\ or \: x = \frac{-18}{2 } \\ x = -9[/tex]

hope this helps..

Good luck on your assignment

Answer:

x = -9

Step-by-step explanation:

5x + 8 - 3x = -10

Rearrange.

5x - 3x + 8 = -10

Subtract like terms.

2x + 8 = -10

Subtract 8 on both sides.

2x = -10 - 8

2x = -18

Divide 2 into both sides.

x = -18/2

x = -9

What is the slope of the line represented by the equation y = 4/5x - 3?
in

Answers

the answer i got for the slope is 4/5

Answer:

[tex]\boxed{\sf \ \ \ \dfrac{4}{5} \ \ \ }[/tex]

Step-by-step explanation:

when the equation is like y = ax + b

the slope is a

in this case we have

[tex]y \ = \ \dfrac{4}{5}x\ \ - \ 3[/tex]

so the slope is

[tex]\dfrac{4}{5}[/tex]

Rectangle is 5ft in length and 3 ft in height. What is the area of the rectangle

Answers

15ft because 5 x 3 is 15

Answer: 15

Step-by-step explanation:

to find the area multiply the length by height

in this case it’s 5ft and 3ft

5 • 3 = 15

A=15

The populations and areas of four states are shown.Which statement regarding these four states is true?

Answers

you forgot to add the picture

Please answer this correctly

Answers

Answer:

20-39 ⇒ 5

40-59 ⇒ 3

60-79 ⇒ 5

80-99 ⇒ 10

Answer:

20-39: 5

40-59: 3

60-79: 5

80-99: 10

Step-by-step explanation:

If you just added up, you can find all the values.

Im stuck on this question

Answers

Answer:

well the shape is acute so it will be quite low work out the opposite angles and you will find out that the lines are parallels there for meaning the answer is the lowest angle

Step-by-step explanation:

What is the area of the trapezoid below? Select one: a. 88 cm2 b. 44√3 cm2 c. 65 cm2 d. 36√3 cm2

Answers

Answer: D

Step-by-step explanation:

Since we are not given the height of the trapezoid, we can split this into a triangle and a rectangle. We find the area of each and then add them together. In order to do so, we must use Pythagorean Theorem to find the missing length so that we can find the area.

a²+b²=c²

a²+4²=8²

a²+16=64

a²=48

a=√48

a=4√3

Now that we know the missing length of the triangle, we can find the area of the triangle and the rectangle.

Triangle

A=1/2bh

A=1/2(4)(4√3)

A=8√3

-----------------------------------------------------------------------------------------

Rectangle

A=lw

A=7(4√3)

A=28√3

With our areas, we can add them together.

4√3+28√3=36√3 cm²

Give the equation of the line parallel to a line through (-3, 4) and (-5, -6) that passes through the origin. y = 5x

Answers

Answer:

y = 5x

Step-by-step explanation:

First, find the slope of the first equation by doing rise/run

This gets you -10/-2 or 5

A parallel line will have the same slope. Since it goes through the origin, the y-intercept and b value will be zero

The equation will be y = 5x

what is between 1/3 and 7/8 answer

Answers

Answer:

The number which is exactly in between 1/3 and 7/8 will be their average. The average = (1/3 + 7/8) / 2 = (8/24 + 21/24) / 2 = (29/24) / 2 = 29/48.

Other Questions
PLEASE ANSWER, URGENT!!! In a math exam, Zach, Wendy, and Lee have an average score 91. Wendy, Lee and Chen have an average score 89. Zach and Chen have an average score 95. What is Zach's score? PLZ HELP 50 POINTS AND BRAINLIEST!!!!!!!! Karen has a large pile of colored rods. Each color is a different length. She is trying to connect different colored rods to make triangles as part of a hanging sculpture. Here is a list of rod lengths. Red: 3 inches Orange: 4 inches Yellow: 5 inches Green: 7 inches Blue: 9 inches Purple: 12 inches 1. How many triangles can she make with them if each side is a different color? List the combinations that work. 2. Karen was just trying different combinations of colored rods one at a time, placing the colored rods together to see if they make a triangle. What method did you use to determine the triangle options? Which method do you think is better and why? Why are enzymes important to cells? Why does an egg change color and texture when heated? determine which function has the greatest rate of change as x approaches infinity f(x)=4x+50, g(x)=3^x-4, h(x)=2x^2+9x-4, there is not enough information to determine the answer Can someone plz help me solved this problem! Im giving you 10 points! I need help plz help me! Will mark you as brainiest! Two random samples were drawn from two employers to obtain information about hourly wages. Use the following information and the PopMeanDiff template to determine if there is a significant difference in wages across the two employers. Kroger Wal-Mart Sample size 80 60 Sample mean $6.75 $6.25 Population standard deviation $1.00 $0.95The p-value is _____.a. 0.0026b. 0.0013c. 0.0084d. 0.0042 Major difference between messaging via the nerves and hormones If $1200 is borrowed at 9% interest, find the amounts due at the end of 4 years if the interest is compounded as follows. (Round your answers to the nearest cent.) (i) annually $ 1693.9 Correct: Your answer is correct. (ii) quarterly $ 1204.3 Incorrect: Your answer is incorrect. (iii) monthly $ (iv) weekly $ (v) daily $ (vi) hourly $ (vii) continuously $ Use the drop-down menus to identify the correct spelling for each word in the paragraph. Universal themes in literature provide ideas that most readers can relate and understand. Some examples are is no place like home and quality of character is most important. These universal truths help readers that they are not alone. As they connect to the of the characters they read about, they can feel less isolated from the world. WILL GIVE BRAINLIEST Which pairs of rectangles are similar polygons? Select each correct answer. 1)two rectangles. larger rectangle has left side labeled 1225 m and bottom labeled 144 m. the smaller rectangle has left side labeled 3.5 m and bottom side labeled 1.2 m. 2)two rectangles. larger rectangle has left side labeled 13 m and bottom labeled 5 m. the smaller rectangle has left side labeled 5.2 m and bottom side labeled 2.5 m. 3)two rectangles. larger rectangle has left side labeled 18 m and bottom labeled 6 m. the smaller rectangle has left side labeled 4.5 m and bottom side labeled 1.5 m. 4)two rectangles. larger rectangle has left side labeled 40 m and bottom labeled 15 m. the smaller rectangle has left side labeled 8 m and bottom side labeled 3 m. Choose the correct verb form. Ella _________ bien. Question 11 options: se viste se visten Find the equation of the line giventhe gradientParrallel to the line y= - 2x+4point ( 1-3) Describe how to transform the graph of f into the graph of g. f(x) = x2 and g(x) = -(-x)2 The graph shifts left one unit. Reflect the graph of f across the y-axis and then reflect across the x-axis. Reflect the graph of f across the y-axis. Reflect the graph of f across the x-axis. Write the national anthem of your 2nd best country. Use your knowledge of the climate zones of the United States and Canada to interpret the map above. Look at the map key. What is the correct heading for zone two (2)? A. Tropical B. High-latitude C. Dry D. Midlatitude The author suggests that, according to virtue ethics, the primary reason people think they ought to take certain actions and avoid others is more fundamental than merely respecting rules or producing the best consequences. Rather, that reason is:_______. Which would be appropriate compatible numbers to use to estimate (19 4/5)(4/6) Rata-rata markah matematik untuk Amin, azman dan aziz adalah 73. Tanda Azman lebih 35 berbanding Amin manakala aziz dua kali ganda daripada Amun. Apakah tanda Amin? Length of Triangles. Select the correct sentence in the futur proche. Vous allez nagez en t. Vous nagez en t. Vous allez nager en t.