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Construct a Confidence Interval For μd\mu _ { \mathrm { d } }

question 171

Essay

Construct a confidence interval for μd\mu _ { \mathrm { d } } , the mean of the differences d for the population of paired data. Assume that the
population of paired differences is normally distributed.
-The manager of a juice bottling factory is considering installing a new juice bottling machine which she hopes
will reduce the amount of variation in the volumes of juice dispensed into 8-fluid-ounce bottles. Random
samples of 10 bottles filled by the old machine and 9 bottles filled by the new machine yielded the following
volumes of juice (in fluid ounces). Old machine: 8.2,8.0,7.9,7.9,8.5,7.9,8.1,8.1,8.2,7.9\quad 8.2,8.0,7.9,7.9,8.5,7.9,8.1,8.1,8.2,7.9
New machine: 8.0,8.1,8.0,8.1,7.9,8.0,7.9,8.0,8.18.0,8.1,8.0,8.1,7.9,8.0,7.9,8.0,8.1 Use a 0.05 significance level to test the claim that the volumes of juice filled by the old machine vary more than
the volumes of juice filled by the new machine. ( Note :s1=0.1947floz,s2=0.0782floz)\left( \text { Note } : \mathrm { s } _ { 1 } = 0.1947 \mathrm { fl } \mathrm { oz } , \mathrm { s } _ { 2 } = 0.0782 \mathrm { fl } \mathrm { oz } \right)


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REITs

Real Estate Investment Trusts, companies that own, operate, or finance income-generating real estate, allowing investors to invest in large-scale real estate properties.

Growth Fund

A type of mutual fund or investment fund that focuses on investing in growth stocks or companies expected to grow at an above-average rate compared to their industry or the market.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual funds to describe the per share/unit value of the fund.

Year-End Assets

The total value of all assets held by an individual or entity at the end of a fiscal year.

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