Hit Return to see all results

Statistics STATISTICS F/BUSINESS+ECONOMICS-TEXT 13th Edition

Consider the following hypothesis test: H 0 : μ = 22 H a : μ ≠ 22 A sample of 75 is used and the population standard deviation is 10. Compute the p -value and state your conclusion for each of the following sample results. Use α = .01. a. x ¯ = 23 b. x ¯ = 25.1 c. x ¯ = 20

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Solutions

Chapter

Section

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 9.3, Problem 14E

Textbook Problem

88 views

Consider the following hypothesis test:

H₀: μ = 22

H_a: μ ≠ 22

A sample of 75 is used and the population standard deviation is 10. Compute the p-value and state your conclusion for each of the following sample results. Use α = .01.

a. x ¯ = 23

b. x ¯ = 25.1

c. x ¯ = 20

a.

To determine

Find the p-value for x¯=23 and state the conclusion.

Explanation of Solution

Calculation:

The given information is that the sample size is n=75, the sample mean is x¯=23, and the population standard deviation is σ=10.

The hypotheses are given below:

Null hypothesis: H0:μ=22

Alternative hypothesis: Ha:μ≠22

Test statistic:

Software Procedure:

Step-by-step procedure to obtain the test statistic using the MINITAB software:

Choose Stat > Basic Statistics > 1-Sample Z.
In Summarized data, enter the sample size as 75 and mean as 23.
In Standard deviation, enter a value for s as 10.
In Perform hypothesis test, enter the test mean as 22

b.

To determine

Find the p-value for x¯=25.1 and state the conclusion.

c.

To determine

Find the p-value for x¯=20 and state the conclusion.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

Chapter 9 Solutions

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Show all chapter solutions

Ch. 9.1 - The manager of the Danvers-Hilton Resort Hotel...Ch. 9.1 - The manager of an automobile dealership is...Ch. 9.1 - A production line operation is designed to fill...Ch. 9.1 - Because of high production-changeover time and...Ch. 9.2 - Duke Energy reported that the cost of electricity...Ch. 9.2 - The label on a 3-quart container of orange juice...Ch. 9.2 - Carpetland salespersons average 8000 per week in...Ch. 9.2 - Suppose a new production method will be...Ch. 9.3 - consider the following hypothesis test: H0: 20...Ch. 9.3 - Consider the following hypothesis test: H0: 25...

Ch. 9.3 - Consider the following hypothesis test: H0: = 15...Ch. 9.3 - Consider the following hypothesis test: H0: 80...Ch. 9.3 - Consider the following hypothesis test: H0: 50...Ch. 9.3 - Consider the following hypothesis test: H0: = 22...Ch. 9.3 - Individuals filing federal income tax returns...Ch. 9.3 - In a study entitled How Undergraduate Students Use...Ch. 9.3 - The mean hourly wage for employees in...Ch. 9.3 - Young millennials, adults aged 18 to 34, are...Ch. 9.3 - The Internal Revenue Service (IRS) provides a...Ch. 9.3 - Annual expenditure for prescription drugs was 838...Ch. 9.3 - Fowle Marketing Research, Inc., bases charges to a...Ch. 9.3 - CCN and ActMedia provided a television channel...Ch. 9.4 - Consider the following hypothesis test: H0: 12...Ch. 9.4 - Consider the following hypothesis test: H0: = 18...Ch. 9.4 - Consider the following hypothesis test: H0: 45...Ch. 9.4 - Consider the following hypothesis test: H0: = 100...Ch. 9.4 - Which is cheaper: eating out or dining in? The...Ch. 9.4 - A shareholders group, in lodging a protest,...Ch. 9.4 - The national mean annual salary for a school...Ch. 9.4 - The time married men with children spend on child...Ch. 9.4 - The Coca-Cola Company reported that the mean per...Ch. 9.4 - According to the National Automobile Dealers...Ch. 9.4 - The mean annual premium for automobile insurance...Ch. 9.4 - Joans Nursery specializes in custom-designed...Ch. 9.5 - Consider the following hypothesis test: H0: p =...Ch. 9.5 - Consider the following hypothesis test: H0: p .75...Ch. 9.5 - The U.S. Bureau of Labor Statistics reports that...Ch. 9.5 - A study by Consumer Reports showed that 64% of...Ch. 9.5 - What percentage of the population live in their...Ch. 9.5 - Last year, 46% of business owners gave a holiday...Ch. 9.5 - Ten years ago 53% of American families owned...Ch. 9.5 - According to the University of Nevada Center for...Ch. 9.5 - Eagle Outfitters is a chain of stores specializing...Ch. 9.5 - One of the reasons health care costs have been...Ch. 9.5 - The American Association of Individual Investors...Ch. 9.6 - consider the following hypothesis test. H0: 10...Ch. 9.6 - Consider the following hypothesis test. H0: = 20...Ch. 9.6 - Fowle Marketing Research, Inc., bases charges to a...Ch. 9.6 - A consumer research group is interested in testing...Ch. 9.6 - Young Adult magazine states the following...Ch. 9.6 - Refer to exercise 48. Assume the firm selects a...Ch. 9.6 - Sparr Investments, Inc., specializes in...Ch. 9.7 - Consider the following hypothesis test. H0: 10...Ch. 9.7 - Consider the following hypothesis test. H0: = 20...Ch. 9.7 - Suppose the project director for the Hilltop...Ch. 9.7 - A special industrial battery must have a life of...Ch. 9.7 - Young Adult magazine states the following...Ch. 9.7 - An automobile mileage study tested the following...Ch. 9 - A production line operates with a mean filling...Ch. 9 - At Western University the historical mean of...Ch. 9 - Young children in the United States are exposed to...Ch. 9 - The Wall Street Journal reported that bachelors...Ch. 9 - Data from the Office for National Statistics show...Ch. 9 - A recent issue of the AARP Bulletin reported that...Ch. 9 - The chamber of commerce of a Florida Gulf coast...Ch. 9 - In Hamilton County, Ohio, the mean number of days...Ch. 9 - On December 25, 2009, an airline passenger was...Ch. 9 - An airline promotion to business travelers is...Ch. 9 - Members of the millennial generation are...Ch. 9 - The unemployment rate for 18- to 34-year-olds was...Ch. 9 - A radio station in Myrtle Beach announced that at...Ch. 9 - In recent years more people have been working past...Ch. 9 - Shorney Construction Company bids on projects...Ch. 9 - A federal funding program is available to...Ch. 9 - H0: = 120 and Ha: 120 are used to test whether...Ch. 9 - Quality Associates, Inc. Quality Associates, Inc.,...Ch. 9 - Ethical Behavior of Business Students at Bayview...

Additional Math Textbook Solutions

Find more solutions based on key concepts

(Supply) What is the law of supply? Give an example of how you have observed the law of supply at work. What is...

ECON MICRO

You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is ...

Principles of Microeconomics (MindTap Course List)

Suppose economists observe that an increase in government spending of 10 billion raises the total demand for go...

Brief Principles of Macroeconomics (MindTap Course List)

Anxiety disorders and symptoms can often be effectively treated with benzodiazepine medications. It is known th...

Probability and Statistics for Engineering and the Sciences

How are inflation and unemployment related in the short run?

Principles of Economics (MindTap Course List)

(Barriers to Entry) Explain how economies of scale can be a barrier to entry.

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

What is the opportunity cost of investing in capital? Do you think a country can overinvest in capital? What is...

Principles of Macroeconomics (MindTap Course List)

BUILDING CREDIT COST INTO PRICES Your firm sells for cash only, but it is thinking of offering credit, allowing...

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

Ethics and Revenue Recognition Alan Spalding is CEO of a large appliance wholesaler. Alan is under pressure fro...

Cornerstones of Financial Accounting

Adjustment for unearned revenue On June 1, 2019, Herbal Co. received 18,900 for the rent of land for 12 months....

Accounting

Transactions; financial statements Bevs Dry Cleaners is owned and operated by Beverly Zahn. A building and equi...

Financial & Managerial Accounting

Question: 1. Using a key of 2 and an algorithm of adding and subtracting from alternating letters starting with...

Accounting Information Systems

CONCEPTUAL: RETURN ON EQUITY Which of the following statements is most correct? (Hint: Work Problem 4-16 before...

Fundamentals of Financial Management (MindTap Course List)

Take a minute to conduct a Google search on your name. What comes up? Are you proud of what you see? If you wan...

Essentials of Business Communication (MindTap Course List)

Analyze Amazon.com Amazon.com, Inc. (AMZN) is the largest Internet retailer in the United Sutes. Amazons income...

Corporate Financial Accounting

REQUIRED RATE OF RETURN Assume that the risk-free rate is 5.5% and the required return on the market is 12%. Wh...

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

What is the relationship between supply and demand?

Foundations of Business (MindTap Course List)

Present values Alex Kelton recently won the jackpot in the Colorado lottery while he was visiting his parents. ...

Financial And Managerial Accounting

Think of a specific full-rime job that you have held. Please answer the following questions according to your p...

Management, Loose-Leaf Version

DEBIT AND CREDIT ANALYSIS Complete the following statements using either debit or credit: (a) The asset account...

College Accounting, Chapters 1-27

Assume that Brooke Miles, accounts payable clerk for West Coast Design Inc., stole 48,350 by paying fictitious ...

Financial Accounting

Why do economists sometimes offer conflicting advice to policymakers?

Essentials of Economics (MindTap Course List)

(Equilibrium) "If a price is not an equilibrium price, there is a tendency for it to move to its equilibrium le...

ECON MACRO

Explain the determinants of a civil society

MKTG 12:STUDENT ED.-TEXT

Summarize how marketing creates value through the four types of utility.

Contemporary Marketing

The Gini coefficient for a nation indicates the degree of income inequality within that nation; the Gini coeffi...

Economics:

Compare and contrast the following techniques based on costs and benefits: Test data method Base case system ev...

Accounting Information Systems

Journalize the following transactions in the accounts of Safari Games Co., which operates a riverboat casino: A...

Financial Accounting

Mantego Company listed the following selected pretax items as of December 31, 2019: Additional information: The...

Intermediate Accounting: Reporting And Analysis

Preparing a Cash Budget Olivers Bistro provided the following information for the month of October: a. Sales ar...

Managerial Accounting: The Cornerstone of Business Decision-Making

Classifying cash flows Identify the type of cash flow activity for each of the following events (operating, inv...

Financial & Managerial Accounting

Toms Catering Services prepared the following work sheet for the year ended December 31, 20--. Required 1. Comp...

College Accounting (Book Only): A Career Approach

If inflation is less than expected, who benefitsdebtors or creditors? Explain.

Principles of Macroeconomics (MindTap Course List)

How does education add to a nations capital stock?

Exploring Economics

Why is EBIT generally considered independent of financial leverage? Why might EBIT actually be affected by fina...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. The information av...

College Accounting (Book Only): A Career Approach

Why is some trade credit called free while other credit is called costly? If a firm buys on terms of 2/10, net ...

Fundamentals of Financial Management (MindTap Course List)

Auditors will never allow an organization to adopt a paperless system, so why do we waste our time bothering to...

Pkg Acc Infor Systems MS VISIO CD

Identify the four factors that determine the amount of federal income tax that is withheld from an employees pa...

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

Net present value method for a service company Carnival Corporation has recently placed into service some of th...

Accounting (Text Only)

What does it mean to say that the country is operating at full employment?

Macroeconomics

Using numbers, explain how a market demand curve is derived from two individual demand curves.

Economics (MindTap Course List)

In Exhibit 16, economic profit for the firm is at a maximum when output per week equals a. 0 units. b. 100 unit...

Economics For Today

A monopoly firm is currently earning positive economic profit, and the owner decides to sell it. He asks for a ...

Microeconomics

Why do organizations commit the resources and time to evaluate suppliers before making a supplier selection dec...

Purchasing and Supply Chain Management

What are non-unit-related overhead activities? Non-unit-based cost drivers? Give some examples.

Cornerstones of Cost Management (Cornerstones Series)

Volpe Corporation has only five employees who are all paid 850 per week. Compute the total FICA taxes that the ...

PAYROLL ACCT.,2019 ED.(LL)-TEXT

Multiple-step income statement and report form of balance sheet The following selected accounts and their curre...

Survey of Accounting (Accounting I)

Costco, Walmart, Nordstrom: Inventory turnover and number of days sales in inventory The general merchandise re...

Corporate Financial Accounting

A graduated payment mortgage (GPM) enables the borrower to have lower payments earlier in the mortgage and incr...

Practical Management Science

Select the correct word or phrase in parentheses. What (affect, effect) will the change have on us? The consult...

Bcom

© bartleby 2020