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In the video game Animal Crossing: New Horizons, you can catch and sell both fish and sea creatures. Alison learns that sea creatures sell for a mean of u = 3,345 bells with a standard deviation of o = 3,684 bells (“bells" is the currency in the game). Alison suspects that fish will sell for more money than sea creatures will, so she decides to conduct a hypothesis test at the a = 0.01 level with Ho: p= 3,345 bells H1: µ> 3,345 bells She finds a sample of 64 fish and computes their mean price to be 3,527 bells. a. Determine the standard error to the nearest thousandth. Ox = Work: b. Determine the z-score to the nearest hundredth. z =

In the video game Animal Crossing: New Horizons, you can catch and sell both fish and sea creatures. Alison learns that sea creatures sell for a mean of u = 3,345 bells with a standard deviation of o = 3,684 bells (“bells" is the currency in the game). Alison suspects that fish will sell for more money than sea creatures will, so she decides to conduct a hypothesis test at the a = 0.01 level with Ho: p= 3,345 bells H1: µ> 3,345 bells She finds a sample of 64 fish and computes their mean price to be 3,527 bells. a. Determine the standard error to the nearest thousandth. Ox = Work: b. Determine the z-score to the nearest hundredth. z =

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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QUESTION 12 In the video game Animal Crossing: New Horizons, you can catch and sell both fish and sea creatures. Alison learns that sea creatures sell for a mean of u = 3,345 bells with a standard deviation of o = 3,684 bells ("bells" is the currency in the game). Alison suspects that fish will sell for more money than sea creatures will, so she decides to conduct a hypothesis test at the a = 0.01 level with %3D %3D Họ: µ= 3,345 bells H1: p > 3,345 bells She finds a sample of 64 fish and computes their mean price to be 3,527 bells. a. Determine the standard error to the nearest thousandth. Ox = Work: b. Determine the z-score to the nearest hundredth. Z = Work: c. Identify the image below that best represents the standard normal curve you drew for this problem. A В C
Transcribed Image Text:QUESTION 12 In the video game Animal Crossing: New Horizons, you can catch and sell both fish and sea creatures. Alison learns that sea creatures sell for a mean of u = 3,345 bells with a standard deviation of o = 3,684 bells ("bells" is the currency in the game). Alison suspects that fish will sell for more money than sea creatures will, so she decides to conduct a hypothesis test at the a = 0.01 level with %3D %3D Họ: µ= 3,345 bells H1: p > 3,345 bells She finds a sample of 64 fish and computes their mean price to be 3,527 bells. a. Determine the standard error to the nearest thousandth. Ox = Work: b. Determine the z-score to the nearest hundredth. Z = Work: c. Identify the image below that best represents the standard normal curve you drew for this problem. A В C
c. Identify the image below that best represents the standard normal curve you drew for this problem. A C d. State the p-value. p-value = Work: e. Fill-in the blanks: We will the null hypothesis because the results statistically significant at the a = level. f. Can you conclude that fish will sell for more money than bugs?
Transcribed Image Text:c. Identify the image below that best represents the standard normal curve you drew for this problem. A C d. State the p-value. p-value = Work: e. Fill-in the blanks: We will the null hypothesis because the results statistically significant at the a = level. f. Can you conclude that fish will sell for more money than bugs?
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