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Please show your complete solution. Thank you! Please use Excel if possible. Problem:  Given are the capital shares of 12 randomly chosen member accounts of a certain cooperative. Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750, 17800, 15000, 22100, 10210 Can it be claimed that the average capital share of the members is significantly different from 16,000?  Use a 1% level of significance and follow the necessary steps below: Null and Alternative Hypothesis (both in symbols and statement form) Level of Significance; sample size; test statistics Decision Rule Computation Decision and Conclusion

Please show your complete solution. Thank you! Please use Excel if possible. Problem:  Given are the capital shares of 12 randomly chosen member accounts of a certain cooperative. Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750, 17800, 15000, 22100, 10210 Can it be claimed that the average capital share of the members is significantly different from 16,000?  Use a 1% level of significance and follow the necessary steps below: Null and Alternative Hypothesis (both in symbols and statement form) Level of Significance; sample size; test statistics Decision Rule Computation Decision and Conclusion

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 26EQ
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Please show your complete solution. Thank you!

Please use Excel if possible.

Problem:  Given are the capital shares of 12 randomly chosen member accounts of a certain cooperative.

Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750, 17800, 15000, 22100, 10210

Can it be claimed that the average capital share of the members is significantly different from 16,000?  Use a 1% level of significance and follow the necessary steps below:

  1. Null and Alternative Hypothesis (both in symbols and statement form)
  2. Level of Significance; sample size; test statistics
  3. Decision Rule
  4. Computation
  5. Decision and Conclusion
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