Appropriate set of hypotheses

Assignment Help Basic Statistics
Reference no: EM1312399

1. Among factors considered by car buyers in the US, safety often ranks among the top. Let p denote the true (population) proportion of car buyers in the US who rank safety as one of the top 3 factors they consider when deciding what car to buy. In a market survey of 100 people, it was found that 64 listed safety as one of the top 3 reasons to buy a car.

What is the appropriate set of hypotheses to test such that a possible outcome of the test would indicate; "there is sufficient statistical evidence that the true proportion of car buyers who rank safety among the top 3 reasons is less than 67%"?

a) H0 : p ≥ 0:67 vs. HA : p < 0:67

b) H0 : p ≤ 0:67 vs. HA : p > 0:67

c) H0 : p ≥ 0:64 vs. HA : p < 0:64

d) H0 : p ≤ 0:64 vs. HA : p > 0:64

2. In which of the following ranges does the p-value of the corresponding hypothesis test lie?

a) 0:00 < p < 0:01

b) 0:01 ≤ p < 0:05

c) 0:05 ≤ p < 0:10

d) 0:10 ≤ p < 1:00

Reference no: EM1312399

Questions Cloud

Revenue reported in the financial statements : Evaluate the amount and timing of revenue reported in the financial statements?
Compute the interest rate on the loan lent compare the bank : Compute the interest rate on the loan lent compare the Bank deposit the interest earned and Calculate the interest rate earned on the savings account for six months
Basics of epideomology and biostatistics : Explain the epidemiological attributes of this episode. In which special circumstances can cross-sectional surveys be utilized to test the hypotheses? In your answer explain briefly the characteristics of the cross-sectional study.
Explain why each of these stakeholder groups needs skill : Briefly explain why each of these stakeholder groups needs skill in financial statement analysis and Trent's income statements for 2006 and 2007
Appropriate set of hypotheses : What is the appropriate set of hypotheses to test such that a possible outcome of the test would indicate;
Calculate the value of perpetuity : Calculate the value of perpetuity and With Same amount of money what rate compounded semi-annually equate when the same amount compound at quarterly rate of 5.5%
Computing standard deviation for drinking regular coffee : Suppose population standard deviation for those drinking regular coffee is 1.20 cups per day and 1.36 cups per day for those drinking decaffeinated coffee.
Impact of transactions involving operating assets : Identify the cash flows operating , financing , investing Non cash items - Impact of Transactions Involving Operating Assets on Statement of Cash Flows
Capitalize or revenue recognize the expenditure : Capitalize or Revenue recognize the expenditure on Acquisition cost - The equipment has an estimated life of five years and an estimated residual value of $6,000.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Above-average rates

A sample of 64 Atlanta consumers showed a mean quarterly water bill of $51 with a sample standard deviation of $12. At α = .05, does the Atlanta sample support the conclusion that above-average rates exist for this private water system?

  One-way analysis of variance

A human factors psychologist studied three computer keyboard designs.

  Critical f value

Find the critical F value for the Following,

  Prepare a power curve for this decision rule

Prepare a power curve for this decision rule

  Probability-commercial success

What is the probability that none are a commercial success?

  Determining the probability and percentile

If person is selected at random and tested, determine the probability of that person having an IQ score between 85 and 115. Make use of EXCEL to help determine the probability.

  Normally distributed variable

The average hourly wage of employees of a certain company is $9.83. Assume the variable is normally distributed.

  Computing the mean for the given data

Determine the mean number of times the machine was used per day.

  Hypothesis test for difference between two means

What is the 95% confidence interval for the difference between the mean prices of the two models?

  Major benefit of two-way anova over several one-way anova

A major benefit of two-way ANOVA over several one-way ANOVAs, If an F test for interaction is significant.

  Using normal approximation evalute the p-value

The Wilcoxon signed rank test is computed for the data and gives a value W + = 161.5. Using the Normal approximation (without the continuity correction) the P-value.

  Probability for normal distribution-sampling distribution

If 25 men aged 18-24 are arbitrarily chosen, determine probability that their mean serum cholesterol level is between 165 and 200.

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