For the United States, the mean monthly Internet bill is $32.79 per household (CNBC, January 18, 2006). A sample of 50 households in a southern state showed a sample mean of $30.63. Use a population standard deviation of ? = $5:60:

a. Formulate hypotheses for a test to determine whether the sample data support the conclusion that the mean monthly Internet bill in the southern state is less than the national mean of $32.79.

b. What is the value of the test statistic?

c. What is the p-value?

d. At ? = :01, what is your conclusion?

Posted Date: 4/1/2013 1:44:24 AM | Location : United States

Ask an Expert

Related Discussions:- What is the value of the test statistic, Assignment Help, Ask Question on What is the value of the test statistic, Get Answer, Expert's Help, What is the value of the test statistic Discussions

Write discussion on What is the value of the test statistic
Your posts are moderated

Write your message here..

Related Questions

Invest into an account, You have 300 right now. You invest into an account ... You have 300 right now. You invest into an account and 12 years later your investment will be 8 times of the initial investment. What the investment rate if a) The bank pays sim

Public sector, Are there any current subsidy or welfare issues that are bei... Are there any current subsidy or welfare issues that are being discussed or addressed in parliament or in municipalities

Explain the time constant of the circuit, A coil of inductance 0.04H and re... A coil of inductance 0.04H and resistance 10Ω is linked to a 120V, d.c. supply. Determine (a) The ?nal value of current, (b) The time constant of the circuit, (c) The va

Natural punishment for the failure, Malthus surmised that "poverty and mise... Malthus surmised that "poverty and misery are the natural punishment for the failure by the ‘lower classes' to restrain their reproduction." The policy implication of this viewpoin

Assignment, derive equations for IS,LM and AD curves. derive equations for IS,LM and AD curves.

Keynesian Model, according to the Keynesian model, the short-run aggregate ... according to the Keynesian model, the short-run aggregate supply curve is horizontal when: A: there are unemployed resources and prices do not fall when aggregate demands falls. B:

Credit multiplier, how can the central bank influence the size of the multi... how can the central bank influence the size of the multiplier

Distinguish between static and dynamic gains from trade, Question 1: Cr... Question 1: Critically analyse the costs of inflation. Which of these items is likely to have encouraged many governments in their adoption of inflation as public enemy number

Relate central banks with commercial banks, Relate central banks with comme... Relate central banks with commercial banks In many countries, the central bank imposes reserve requirements. This means that commercial banks are obliged to hold a certain perc

Bonds are more attractive to investors, Briefly explain if you agree with t... Briefly explain if you agree with the following statement: If interest rates rise, bonds become more attractive to investors, so bond prices rise. Therefore, when the interest rat