Question 1 CPF Board claimed that its members have a mean life savings in excess of $22,100 and they reported the life savings amount follows the normal distribution. A random sample of 18 CPF members revealed that the sample mean life savings was $23,400 and the sample standard deviation was $1,500. Is there enough evidence to substantiate CPF Board's claim at the 0.05 significance level?

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POLYTECHNIC
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Business Statistics (BLO1001)
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Week Beg
: Topic 8
: Hypothesis Testing (Part 2 of 2)
: 17 Jan 2022
Question 1
CPF Board claimed that its members have a mean life savings in excess of
$22,100 and they reported the life savings amount follows the normal distribution.
A random sample of 18 CPF members revealed that the sample mean life savings
was $23,400 and the sample standard deviation was $1,500. Is there enough
evidence to substantiate CPF Board's claim at the 0.05 significance level?
Question 2
Most air travelers now use e-tickets. Electronic ticketing allows passengers to no
longer worry about a paper ticket, and it costs the airline companies less to handle
than paper ticketing. However, in recent times the airlines have received
Accessibility: Unavailable
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O Focus
29°C
ASUS VivoBook
F6
FZ
F8
F9
F10
F1
F12
Prt Sc
24
4
8.
Transcribed Image Text:STACEY TẦN SU MEI Hypothesis Testing (Student)(2) - Compatibility Mode Saved to this PC - yout References Mailings Review View Help v 12 x Ao Emphasis Heading 1 Heading 2 Editing Dictate a v A A Paragraph Styles Voice OTemasek POLYTECHNIC School of Business Business Statistics (BLO1001) Tutorial Topic Week Beg : Topic 8 : Hypothesis Testing (Part 2 of 2) : 17 Jan 2022 Question 1 CPF Board claimed that its members have a mean life savings in excess of $22,100 and they reported the life savings amount follows the normal distribution. A random sample of 18 CPF members revealed that the sample mean life savings was $23,400 and the sample standard deviation was $1,500. Is there enough evidence to substantiate CPF Board's claim at the 0.05 significance level? Question 2 Most air travelers now use e-tickets. Electronic ticketing allows passengers to no longer worry about a paper ticket, and it costs the airline companies less to handle than paper ticketing. However, in recent times the airlines have received Accessibility: Unavailable gdom) O Focus 29°C ASUS VivoBook F6 FZ F8 F9 F10 F1 F12 Prt Sc 24 4 8.
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