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2 years ago

8

At Cheng's Bike Rentals, it costs $37 to rent a bike for 8 hours.

2 answers:

mr Goodwill [35]2 years ago

8 0

4.26 dollars and cents because the person said it

Hitman42 [59]2 years ago

7 0

Answer Correct me if I'm wrong but I believe it is 4 dollars and 62 cents. (4.62$)

Step-by-step explanation:

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3 years ago

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Standard Error from a Formula and a Bootstrap Distribution Sample A has a count of 30 successes with and Sample B has a count of

tia_tia [17]

Answer:

Using a formula, the standard error is: 0.052

Using bootstrap, the standard error is: 0.050

Comparison:

The calculated standard error using the formula is greater than the standard error using bootstrap

Step-by-step explanation:

Given

Sample A Sample B

$x_A = 30$ $x_B = 50$

$n_A = 100$ $n_B =250$

Solving (a): Standard error using formula

First, calculate the proportion of A

$p_A = \frac{x_A}{n_A}$

$p_A = \frac{30}{100}$

$p_A = 0.30$

The proportion of B

$p_B = \frac{x_B}{n_B}$

$p_B = \frac{50}{250}$

$p_B = 0.20$

The standard error is:

$SE_{p_A-p_B} = \sqrt{\frac{p_A * (1 - p_A)}{n_A} + \frac{p_A * (1 - p_B)}{n_B}}$

$SE_{p_A-p_B} = \sqrt{\frac{0.30 * (1 - 0.30)}{100} + \frac{0.20* (1 - 0.20)}{250}}$

$SE_{p_A-p_B} = \sqrt{\frac{0.30 * 0.70}{100} + \frac{0.20* 0.80}{250}}$

$SE_{p_A-p_B} = \sqrt{\frac{0.21}{100} + \frac{0.16}{250}}$

$SE_{p_A-p_B} = \sqrt{0.0021+ 0.00064}$

$SE_{p_A-p_B} = \sqrt{0.00274}$

$SE_{p_A-p_B} = 0.052$

Solving (a): Standard error using bootstrapping.

Following the below steps.

Open Statkey
Under Randomization Hypothesis Tests, select Test for Difference in Proportions
Click on Edit data, enter the appropriate data
Click on ok to generate samples
Click on Generate 1000 samples ---- <em>see attachment for the generated data</em>

From the randomization sample, we have:

Sample A Sample B

$x_A = 23$ $x_B = 57$

$n_A = 100$ $n_B =250$

$p_A = 0.230$ $p_A = 0.228$

So, we have:

$SE_{p_A-p_B} = \sqrt{\frac{p_A * (1 - p_A)}{n_A} + \frac{p_A * (1 - p_B)}{n_B}}$

$SE_{p_A-p_B} = \sqrt{\frac{0.23 * (1 - 0.23)}{100} + \frac{0.228* (1 - 0.228)}{250}}$

$SE_{p_A-p_B} = \sqrt{\frac{0.1771}{100} + \frac{0.176016}{250}}$

$SE_{p_A-p_B} = \sqrt{0.001771 + 0.000704064}$

$SE_{p_A-p_B} = \sqrt{0.002475064}$

$SE_{p_A-p_B} = 0.050$

5 0

2 years ago