Illustrate what is your conclusion based on this value

Assignment Help Business Economics
Reference no: EM1364096

At Western University the historical mean scholarship examination score of entering students has been 900, with a standard deviation of 180. Each year a sample of applications is taken to see whether the examination scores are at the same level as in previous years. The null hypothesis tested is H0: μ = 900. A sample of 60 students in this year's class provided a sample mean score of 935. Use a 0.05 level of significance. Compute the probability value. What is your conclusion based on this value?

Reference no: EM1364096

Questions Cloud

Performance management program implementation : create a performance management program where none exists, what steps would you take as the Human Resources Manager to implement and effective on
Personal health record field : With companies like Google and Microsoft entering the Personal Health Record field, what concerns result?
New pcaob reporting requirements : Justify how the reporting requirements of the PCAOB reduce the chance of financial fraud. Illustrate the responsibilities of an auditing firm to detect fraud during the audit process.
Create program to enter first and second number : Create a program that enters first and a second number. The first and second number that will be entered should be computed in halves, quarter, double, and square.
Illustrate what is your conclusion based on this value : Each year a sample of applications is taken to see whether the examination scores are at the same level as in previous years. Illustrate what is your conclusion based on this value.
Compute the monthly payment : Old Alfred Road, who is well-known to drivers on the Maine Turnpike, has reached his seventieth birthday and is ready to retire. Mr. Road has no formal training in finance but has saved his money and invested carefully.
Cost effective quality care : If I were a CEO of a large group practice, providing cost effective quality care would be of great importance. There are several actions that could be taken to provide quality cost effective access to healthcare.
Skills testing and the hiring process : Show how have you used skills testing to help determine the right candidate for a job? What types of testing is used? How effective have you found it to be?
Write assignment statement with one arithmetic operator : Write a simple assignment statement with one arithmetic operator in some language you know. For each component of the statement.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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