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Sample Standard Devlation 80.1531 Confidence Interval Confidence Coefficient 0,95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistic P-value (Lower Tail) P-value (Upper Tail) 650 0.0367 P.value (Two Tall) The Hospital Care Cost Institute randomly selected 18 individuals, recorded the amount spent each year on prescription drugs, then put this in Assume a population standard deviation of $100. Can you reject the hypothesis that the average amount spent per person each year on presc least $650 at a-.05? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the conclusion? Oa. There is NOT significant evidence to conclude Ha: Z $650. O b. There is NOT significant evidence to conclude Ha: p< $650. OC There is significant evidence to conclude Ha: p2 $650. Od. There is significant evidence to conclude Ha: < $650. e. None of the answers is correct

Sample Standard Devlation 80.1531 Confidence Interval Confidence Coefficient 0,95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistic P-value (Lower Tail) P-value (Upper Tail) 650 0.0367 P.value (Two Tall) The Hospital Care Cost Institute randomly selected 18 individuals, recorded the amount spent each year on prescription drugs, then put this in Assume a population standard deviation of $100. Can you reject the hypothesis that the average amount spent per person each year on presc least $650 at a-.05? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the conclusion? Oa. There is NOT significant evidence to conclude Ha: Z $650. O b. There is NOT significant evidence to conclude Ha: p< $650. OC There is significant evidence to conclude Ha: p2 $650. Od. There is significant evidence to conclude Ha: < $650. e. None of the answers is correct

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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Population Standard Deviation 100.0000 Sample Size Sample Mean 18 613.9444 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistic 650 P-value (Lower Tail) P-value (Upper Tail) P-value (Two Tail) 0.0630 Sample Size Sample Mean Sample Standard Deviation 18 613.9444 80.1531 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value 650 Test Statistic. Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacB
Transcribed Image Text:Population Standard Deviation 100.0000 Sample Size Sample Mean 18 613.9444 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistic 650 P-value (Lower Tail) P-value (Upper Tail) P-value (Two Tail) 0.0630 Sample Size Sample Mean Sample Standard Deviation 18 613.9444 80.1531 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value 650 Test Statistic. Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacB
* Question Completion Status: Sample Standard Devlation 80.1531 Confidence Interval Confidence Coefficient 0,95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistlc 650 P-value (Lower Tail) 0.0367 P-value (Upper Tail) P-value (Two Tail) The Hospital Care Cost Institute randomly selected 18 individuals, recorded the amount spent each year on prescription drugs, then put this informa Assume a population standard deviation of $100. Can you reject the hypothesis that the average amount spent per person each year on prescriptior least $650 at a=.05? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the conclusion? a. There is NOT significant evidence to conclude Ha: H 2 $650. b. There is NOT significant evidence to conclude Ha: µ < $650. c. There is significant evidence to conclude Ha: $650. Od. There is significant evidence to conclude Ha: u < $650. O e. None of the answers is correct Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air B00 F4 F3 F2 % 4. Y Q W E
Transcribed Image Text:* Question Completion Status: Sample Standard Devlation 80.1531 Confidence Interval Confidence Coefficient 0,95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value Test Statistlc 650 P-value (Lower Tail) 0.0367 P-value (Upper Tail) P-value (Two Tail) The Hospital Care Cost Institute randomly selected 18 individuals, recorded the amount spent each year on prescription drugs, then put this informa Assume a population standard deviation of $100. Can you reject the hypothesis that the average amount spent per person each year on prescriptior least $650 at a=.05? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the conclusion? a. There is NOT significant evidence to conclude Ha: H 2 $650. b. There is NOT significant evidence to conclude Ha: µ < $650. c. There is significant evidence to conclude Ha: $650. Od. There is significant evidence to conclude Ha: u < $650. O e. None of the answers is correct Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air B00 F4 F3 F2 % 4. Y Q W E
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