Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
bartleby

Videos

Question
100%
Book Icon
Chapter 9.5, Problem 36E

a.

To determine

Find the p-value and state the conclusion.

a.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.003.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.68.

The hypotheses are given below:

Null hypothesis: H0:p0.75

Alternative hypothesis: Ha:p<0.75

Test statistic:

The formula for finding test statistic is as follows:

z=p¯p0p0(1p0)n

Here, p¯ represents the sample proportion, p0 represents the hypothesized value of the population proportion, and n represents the sample size.

Substitute p¯=0.68, p0=0.75, and n=300 in z formula.

z=0.680.750.75(10.75)300=0.070.1875300=0.070.025=2.80

Thus, the value of the test statistic is −2.80.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –2.8 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to–2.80 is 0.0026.

Thus, the p-value is 0.0026.

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(=0.0026)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

b.

To determine

Find the p-value and state the conclusion.

b.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.1151.

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

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.72.

Test statistic:

Substitute p¯=0.72, p0=0.75, and n=300 in the z formula.

z=0.720.750.75(10.75)300=0.030.1875300=0.030.025=1.20

Thus, the value of the test statistic is −1.20.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –1.2 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the –1.20 is 0.1151.

Thus, the p-value is 0.1151.

Conclusion:

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

That is, p-value(=0.1151)>α(=0.05).

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

c.

To determine

Find the p-value and state the conclusion.

c.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.0228.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.70.

Test statistic:

Substitute p¯=0.70, p0=0.75, and n=300 in the z formula.

z=0.700.750.75(10.75)300=0.050.1875300=0.050.025=2.00

Thus, the value of the test statistic is −2.00.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –2.0 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the –2.00 is 0.0228.

Thus, the p-value is 0.0228.

From the output, the test statistic is −2.00 and the p-value is 0.0228.

Conclusion:

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

That is, p-value(=0.0228)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

d.

To determine

Find the p-value and state the conclusion.

d.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.7881.

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

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.77.

Test statistic:

Substitute p¯=0.77, p0=0.75, and n=300 in the z formula.

z=0.770.750.75(10.75)300=0.020.1875300=0.020.025=0.80

Thus, the value of the test statistic is 0.80.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value 0.8 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the 0.80 is 0.7881.

Thus, the p-value is 0.7881.

Conclusion:

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

That is, p-value(=0.7881)>α(=0.05).

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

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Chapter 9 Solutions

Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

Ch. 9.3 - Consider the following hypothesis test: A sample...Ch. 9.3 - Prob. 12ECh. 9.3 - Prob. 13ECh. 9.3 - Prob. 14ECh. 9.3 - Federal Tax Returns. According to the IRS,...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 - Prescription Drug Costs. Annual expenditure for...Ch. 9.3 - Cost of Telephone Surveys. Fowle Marketing...Ch. 9.3 - Time in Supermarket Checkout Lines. CCN and...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Prob. 26ECh. 9.4 - Which is cheaper: eating out or dining in? The...Ch. 9.4 - CEO Tenure. A shareholders’ group, in lodging a...Ch. 9.4 - The national mean annual salary for a school...Ch. 9.4 - Time in Child Care. The time married men with...Ch. 9.4 - Chocolate Consumption. The United States ranks...Ch. 9.4 - Used Car Prices. According to the National...Ch. 9.4 - Automobile Insurance Premiums. The Onsure.com...Ch. 9.4 - Prob. 34ECh. 9.5 - Consider the following hypothesis test: A sample...Ch. 9.5 - Prob. 36ECh. 9.5 - The U.S. Bureau of Labor Statistics reports that...Ch. 9.5 - Attitudes toward Supermarket Brands. A study by...Ch. 9.5 - Prob. 39ECh. 9.5 - Prob. 40ECh. 9.5 - Ten years ago 53% of American families owned...Ch. 9.5 - Returned Merchandise. According to the University...Ch. 9.5 - Prob. 43ECh. 9.5 - Prob. 44ECh. 9.5 - The American Association of Individual Investors...Ch. 9.6 - A large department of the Federal Government wants...Ch. 9.6 - CEOs who belong to a popular business-oriented...Ch. 9.6 - Prob. 48ECh. 9.6 - Prob. 49ECh. 9 - Production Line Fill Weights. A production line...Ch. 9 - Scholarship Examination Scores. At Western...Ch. 9 - Exposure to Background Television. CNN reports...Ch. 9 - The Wall Street Journal reported that bachelor’s...Ch. 9 - Data from the Office for National Statistics show...Ch. 9 - The mean time to earn a bachelor’s degree is 5.8...Ch. 9 - Prob. 56SECh. 9 - In Hamilton County, Ohio, the mean number of days...Ch. 9 - Fifty-two percent of Americans report that they...Ch. 9 - Prob. 59SECh. 9 - Prob. 60SECh. 9 - The unemployment rate for 18- to 34-year-olds was...Ch. 9 - Prob. 62SECh. 9 - In recent years more people have been working past...Ch. 9 - Case Problem 1 Quality Associates, Inc. Quality...Ch. 9 - Case problem 2 Ethical Behavior of Business...
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License