Determine the critical value based on sample size

Assignment Help Basic Statistics
Reference no: EM13121156

Suppose that a one-tailed t-test is being applied to find out if the population mean is less than $212. The level of significance selected is 0.01 and 26 accounts are sampled. What is the critical value?l based on a sample size of 25?

Reference no: EM13121156

Questions Cloud

Which of the following best describes assurance services : Which of the following best describes assurance services.
How large sample take to estimate percentage-margin of error : How large a sample should she take to estimate the percentage with a margin of error of no more than 4%, with 90% confidence?
Account not affected by account receivable written off : Which of the following accounts is not affected when an account receivable written off as uncollectible is unexpectedly collected?
Calculate the energy in joules and calories : Calculate the energy in joules and calories lost when 10.0 gm ethanol, {C_2H_5OH}, cools from 62.5 0C to -46.0 0C?
Determine the critical value based on sample size : The level of significance selected is 0.01 and 26 accounts are sampled. What is the critical value? Based on a sample size of 25?
Use apa style on margins, fonts : Write a memo identifying the legal ISSUE(s), conclusion, list of relevant authorities, discussion of the law, and the application of the law. Use the headings on page 149 of the text.
How much sodium nitrate (nano3), in grams, should be added : How much sodium nitrate (NaNO3), in grams, should be added to water to prepare .05L of solution with a molarity of .25M?
Minimal furniture : Imagine you are going to teach the vocabulary of kitchen items to a pre-intermediate class of young adults. The classroom has minimal furniture, rows of desks fixed to the floor and a blackboard. All students have pens and paper. There are no textboo..
Bad debt expense account : Under GAAP, an entry should be made to the bad debt expense account

Reviews

Write a Review

Basic Statistics Questions & Answers

  Benefit for amount of money spent

While it can't be denied that advertising impacts sales, it is also true that advertising is expensive and companies want to advertise in ways that have the greatest benefit for the amount of money spent.

  Find out the conditional probability for the given data

Find out the conditional probability for the given data. Illustrate what is the conditional chance that the selected person is male?

  Determining probability that to grab matching pair

If you arbitrarily grab 2 socks out of drawer determine the probability that you grab a matching pair?

  Significant linear correlation coefficient

Give an example of two variables that probably have a significant linear correlation coefficient, but one variable does not necessarily cause the other.

  Testing of hypothesis of sara bellum pizza

You are the member of the marketing team at Sara Bellum's Pizza - the pizza for people who think too much!! Your mission is to evaluate two locations and determine if there is any difference in their suitability as locations for the next Sara Bell..

  Skewed distribution-normal distribution

How could your answer to part (A) change if you knew returns followed a skewed distribution instead of a normal distribution? Explain.

  Sign of slope of regression line

As the correlation coefficient increases from 0.85 to 0.88, do the points of the scatter plot move toward the regression line, or away from it?

  Population standard deviation with 90 percent probability

Using the original data, estimate the population standard deviation with 90% probability.

  Hypothesis testing-z test for proportion

A presidential candidate's aide estimates that, among all college students, the proportion p who intend to vote in the upcoming election is at most 65%.

  One-time fling by using probability

In a group of seven adult friends, what is the probability that: a) no one has done a one-time fling?

  Probability that both numbers choose are divisible by two

Picking numbers at random I pick two numbers uniformly at random from {1; 2; : : : ; 6n}, with replacement. What is the probability that both numbers choose are divisible by 2?

  Mean and standard deviation for grouped data

Compute the mean and standard deviation of the scores and use these for the calculations below. Show your calculations on the back of his page.

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