significance, can it be concluded that the average age of the taxis in his company is less than the national average?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Problem #2
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Step 1: State the hypothesis
Step 2: The level of significance and critical region
Step 3: Compute for the value
Step 4: Decision rule
Step 5: Conclusion
1. Average Senior High School annual cost of
tuition fee for all private schools last year was
P46,300. A random sample of costs this year for
45 private schools indicated that the sample mean
was P47,800 and a sample standard deviation was
P5,600. At the 0.10 level of significance, is there
sufficient evidence to conclude that the cost has
increased?
2. A report in LTO stated that the average age of
taxis in the Philippines is 12 years. An operations
manager of a large taxi company selects a sample
of 40 taxis and finds the average age of the taxis is
11.2 years. The standard deviation of the
population is 2.3 years. At 0.05 level of
significance, can it be concluded that the average
age of the taxis in his company is less than the
national average?
Transcribed Image Text:Show: Step 1: State the hypothesis Step 2: The level of significance and critical region Step 3: Compute for the value Step 4: Decision rule Step 5: Conclusion 1. Average Senior High School annual cost of tuition fee for all private schools last year was P46,300. A random sample of costs this year for 45 private schools indicated that the sample mean was P47,800 and a sample standard deviation was P5,600. At the 0.10 level of significance, is there sufficient evidence to conclude that the cost has increased? 2. A report in LTO stated that the average age of taxis in the Philippines is 12 years. An operations manager of a large taxi company selects a sample of 40 taxis and finds the average age of the taxis is 11.2 years. The standard deviation of the population is 2.3 years. At 0.05 level of significance, can it be concluded that the average age of the taxis in his company is less than the national average?
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