Answered: he mean family income for a random…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Concept explainers

Question

The mean family income for a random sample of 700 suburban households in Guinesstowne shows that a 90 percent confidence interval is ($47,250, $62,100). Herman is conducting a test of the null hypothesis H₀: µ = 45,000 against the alternative hypothesis H_a: µ ≠ 45,000 at the α = 0.10 level of significance. Does Herman have enough information to conduct a test of the null hypothesis against the alternative?

Group of answer choices

Yes, because $45,000 is not contained in the 90% confidence interval, the null hypothesis would not be rejected, and it could be concluded that the mean family income is not significantly different from $45,000 at the α = 0.10 level

Yes, because $45,000 is not contained in the 90% confidence interval, the null hypothesis would be rejected in favor of the alternative, and it could be concluded that the mean family income is significantly different from $45,000 at the α = 0.10 level

No, because the value of σ is not known

No, because it is not known whether the data are Normally distributed

No, because the entire data set is needed to do this test

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Point Estimation, Limit Theorems, Approximations, and Bounds$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc