Determine and interpret the p-value for the test

Assignment Help Accounting Basics
Reference no: EM13975532

1. For a sample of 35 items from a population for which the standard deviation is C 5 20.5, the sample mean is 458.0. At the 0.05 level of significance, test H0: µ 5 450 versus H1: µ =! 450. Determine and interpret the p-value for the test.

2. For a sample of 12 items from a normally dis- tributed population for which the standard deviation is C 5 17.0, the sample mean is 230.8. At the 0.05 level of significance, test H0: µ # 220 versus H1: µ . 220. Determine and interpret the p-value for the test.

3. A quality-assurance inspector periodically examines the output of a machine to determine whether it is properly adjusted. When set properly, the machine pro- duces nails having a mean length of 2.000 inches, with a standard deviation of 0.070 inches. For a sample of 35 nails, the mean length is 2.025 inches. Using the 0.01 level of significance, examine the null hypothesis that the machine is adjusted properly. Determine and interpret the p-value for the test.

Reference no: EM13975532

Questions Cloud

Explain how the laws of supply and demand are illustrated : Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an ..
Problem regarding the maintenance and calibration : For a recent random sample of 34 tubes, the mean diameter was 2.509 inches. At the 0.01 level of significance, does the machine appear to be in need of maintenance and calibration? Determine and interpret the p-value for the test.
Performance management at vitality health enterprises : Brief Cases- SG Cowen: New Recruits and Performance Management at Vitality Health Enterprises, Inc
Determine and interpret the p-value for the test : In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.
Determine and interpret the p-value for the test : 1. For a sample of 35 items from a population for which the standard deviation is C 5 20.5, the sample mean is 458.0. At the 0.05 level of significance, test H0: µ 5 450 versus H1: µ =! 450. Determine and interpret the p-value for the test.
Predict what would have occurred : Predict what would have occurred had the monopoly succeeded.
Determine the p-value for the test : 1. For each of the following tests and z values, determine the p-value for the test: 2. For each of the following tests and z values, determine the p-value for the test:
P-value for a hypothesis test : The p-value for a hypothesis test has been reported as 0.04. If the test result is interpreted using the a. 5 0.01 level of significance as a criterion, will H0 be rejected? Explain.
Provide a brief description of employer surplus : Graphing Questions (Draw graphs on paper and take photos by smart devices. Each of the following should include the requested graphic AND a brief explanation/interpretation of what is being observed)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the implications of basic accounting

what are the implications of the basic accounting

  Liabilities for dallas company

As of June 30, 2010, Dallas Company has assets of $100,000 and owner's equity of $5,000. What are the liabilities for Dallas Company as of June 30, 2010?

  Calculate the amount of net income

calculate the amount of net income Argentine Company should report for 2008 and 2009.

  Flexible-budget variances

Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.

  Your firm is considering the purchase of a new bus to

your firm is considering the purchase of a new bus to replace the one they have in use which cost 17000 five years

  Which of the following types of cost would not form part of

which of the following types of cost would not form part of the prime cost of a product?the factory overhead costs.the

  How can a business earn large profits

If you could pick a single source of cash for your business, what would it be? Why?  How can a business earn large profits but have a small balance in Retained Earnings?

  Fixed interest rate on a notional amount

The fair values of the swap are quotes obtained from a derivatives dealer. Those quotes and the fair values of the note are as follows:

  Record the above transactions in general journal form

Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for 2013.

  Thornton company has an old factory machine that cost 50000

thornton company has an old factory machine that cost 50000. the machine has accumulated depreciation of 28000.

  Accounts receivable-bad debt journal entries

Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

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