Consider the following hypotheses statement for the average cost of a computer part: Ho: 56, Hap> 56. If a sample of computer parts consisting of 70 items, showed the sample average cost of 58, and the standard deviation of the cost of all such computer parts in the population is 6, what is the p-value for the test statistic? Use Excel and round your answer to 4 decimal places.
Consider the following hypotheses statement for the average cost of a computer part: Ho: 56, Hap> 56. If a sample of computer parts consisting of 70 items, showed the sample average cost of 58, and the standard deviation of the cost of all such computer parts in the population is 6, what is the p-value for the test statistic? Use Excel and round your answer to 4 decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
Related questions
Question
5
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill