EBK MODERN BUSINESS STATISTICS WITH MIC
EBK MODERN BUSINESS STATISTICS WITH MIC
5th Edition
ISBN: 9780100475038
Author: williams
Publisher: YUZU
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Chapter 9.4, Problem 26E

a.

To determine

Find the p-value and state the conclusion.

a.

Expert Solution
Check Mark

Answer to Problem 26E

The p-value is 0.039.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is the sample size is n=65, the sample mean is x¯=103, and the sample standard deviation is s=11.5.

The hypotheses are given below:

Null hypothesis: H0:μ=100

Alternative hypothesis: Ha:μ100

Test statistic:

The formula for finding test statistic is as follows:

t=x¯μ0sn

Here, x¯ represents the sample mean, μ0 represents the hypothesized value of the population mean, s represents the sample standard deviation, and n represents the sample size.

Substitute x¯=103, μ0=100, s=11.5 and n=65 in t formula.

t=10310011.565=311.58.0623=31.4264=2.10

Thus, the value of the test statistic is 2.10.

The degrees of freedom is,

df=n1=651=64

Software Procedure:

Step-by-step procedure to obtain the probability value using Excel:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =T.DIST.2T(2.10,64) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

EBK MODERN BUSINESS STATISTICS WITH MIC, Chapter 9.4, Problem 26E , additional homework tip  1

From the output, the exact p-value is approximately 0.040.

Rejection rule:

If p-valueα, reject the null hypothesis.

If p-value>α, do not reject the null hypothesis.

Conclusion:

Here, the p-value is less than the level of significance.

That is, p-value(=0.040)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

b.

To determine

Calculate the p-value and draw the conclusion.

b.

Expert Solution
Check Mark

Answer to Problem 26E

The p-value is 0.013.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that the sample size is n=65, the sample mean is x¯=96.5, and the sample standard deviation is s=11.

Test statistic:

Substitute x¯=96.5, μ0=100, s=11, and n=65 in t formula.

t=96.51001165=3.5118.0623=3.51.3644=2.57

Thus, the value of the test statistic is –2.57.

From part (a), the degrees of freedom is 64.

Software Procedure:

Step-by-step procedure to obtain the probability value using Excel:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =T.DIST.2T(2.57,64) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

EBK MODERN BUSINESS STATISTICS WITH MIC, Chapter 9.4, Problem 26E , additional homework tip  2

From the output, the exact p-value is approximately 0.0125.

Conclusion:

Here, the p-value is less than the level of significance.

That is, p-value(=0.0125)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

c.

To determine

Obtain the p-value and claim the conclusion.

c.

Expert Solution
Check Mark

Answer to Problem 26E

The p-value is 0.130.

The conclusion is “do not reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that the sample size is n=65, the sample mean is x¯=102, and the sample standard deviation is s=10.5.

Test statistic:

Substitute x¯=102, μ0=100, s=10.5 and n=65 in t formula.

t=10210010.565=210.58.0623=21.3024=1.54

Thus, the value of the test statistic is 1.54.

From part (a), the degrees of freedom is 64.

Software Procedure:

Step-by-step procedure to obtain the probability value using Excel:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =T.DIST.2T(1.54,64) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

EBK MODERN BUSINESS STATISTICS WITH MIC, Chapter 9.4, Problem 26E , additional homework tip  3

From the output, the exact p-value is approximately 0.01285.

Conclusion:

Here, the p-value is greater than the level of significance.

That is, p-value(=0.1285)>α(=0.05).

By the rejection rule, the null hypothesis is not rejected.

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Chapter 9 Solutions

EBK MODERN BUSINESS STATISTICS WITH MIC

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