Con?dence interval estimate for the population mean

Assignment Help Accounting Basics
Reference no: EM131002690

1. A random sample of size = 16 drawn from a normal population with hy- pothesized mean μ0 = 50 and known variance, σ2 = 25, produced a sample  average x¯ = 47.5.

(i) Compute the appropriate test statistic.

(ii) If the alternative hypothesis is Hμ <>0 , at the α = 0.1 signi?cance level, determine the rejection region. Should the null hypothesis H0 : μ μ0 be rejected?

2. Refer to Exercise 15.9. Determine the 95% con?dence interval estimate for the population mean and compare it with the hypothesized mean. What does this imply about whether or not the null hypothesis H0 : μ μ0 should be rejected at the α = 0.05 level? Determine the p-value associated with this test.

Reference no: EM131002690

Questions Cloud

Lewis industries adopted a defined benefit pension plan : Determine each of the following amounts as of December 31, 2011, the fiscal year-end for Lewis: 1. Projected benefit obligation, 2. Plan assets, 3. Pension expense.
Two independent normal populations : Two samples of sizes n1 = 20 and n2 = 15 taken from two independent normal populations with known standard deviations, σ1 = 3.5 and σ2 = 4.2, produced sample averages, x¯1 = 15.5 and x¯2 = 13.8.
Hypothesis that the population mean : To test the hypothesis that the population mean is different from a postulated value of 10.00, (i) state the appropriate null and alternative hypotheses; (ii) determine the appropriate test statistic; (iii) determine the rejection region for a h..
Do unions engage in ethical behavior. please explain. : Do you expect union activity to increase or decrease globally? Please explain.
Con?dence interval estimate for the population mean : Determine the 95% con?dence interval estimate for the population mean and compare it with the hypothesized mean. What does this imply about whether or not the null hypothesis H0 : μ = μ0 should be rejected at the α = 0.05 level? Determine the p-val..
At the break-even point of 2,797 units, variable costs are : At the break-even point of 2,797 units, variable costs are $126,407, and fixed costs are $78,177. The selling price per unit is
Lifetime of two different brands of car batteries : The owner of a ?eet of taxi cabs wants to determine if there is a difference in the lifetime of two different brands of car batteries used  in the ?eet of cabs. State the appropriate null and alternative hypotheses.
Explain how to market with article directories : Explain how to market with article directories, e-books, and white papers. Discuss the concept of video sharing. Explain benefits of marketing with online videos.
The firms have different marginal costs : Consider a model of Cournot competition as studied in class, with 2 firms and a linear inverse demand function P(Q) = a – Q (where Q = q1 + q2 is the total quantity produced by the two firms and a is a parameter). The firms have different marginal co..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd