Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 17PS
For a population containing
a. the first person on the list?
b. the fortieth person on the list?
c. the last person on the list?
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Please conduct a step by step of these statistical tests on separate sheets of Microsoft Excel. If the calculations in Microsoft Excel are incorrect, the null and alternative hypotheses, as well as the conclusions drawn from them, will be meaningless and will not receive any points.
4. One-Way ANOVA: Analyze the customer satisfaction scores across four different product categories to determine if there is a significant difference in means.
(Hints: The null can be about maintaining status-quo or no difference among groups)
H0 =
H1=
Please conduct a step by step of these statistical tests on separate sheets of Microsoft Excel. If the calculations in Microsoft Excel are incorrect, the null and alternative hypotheses, as well as the conclusions drawn from them, will be meaningless and will not receive any points
2. Two-Sample T-Test: Compare the average sales revenue of two different regions to determine if there is a significant difference.
(Hints: The null can be about maintaining status-quo or no difference among groups; if alternative hypothesis is non-directional use the two-tailed p-value from excel file to make a decision about rejecting or not rejecting null)
H0 =
H1=
Chapter 1 Solutions
Basic Business Statistics, Student Value Edition
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