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A random sample of 51 observations was selected from a normally distributed population. The sample mean was x = 79, and the sample variance was s^2 = 29.0. Does the sample show sufficient reason to conclude that the population standard deviation is not equal to 8 at the 0.05 level of significance? Use the p-value method.
· State the null and alternate hypotheses
· Determine which test statistic applies, and calculate it
· Determine the corresponding probability, and compare to
· State your decision: Should the null hypothesis be rejected
Give an example of a null and alternative hypotheses. This can be a personal item or something at work. Additionally, identify the Type I and Type II Errors that could occur with your decision-making process.
Suppose there is no cyclical component. Quarterly billing for water usage is shown below describe summer billing for year 5.
Construct an appropriate control chart and comment on the process.
An aptitude test has a mean of 220 and standard deviation of 10. find the corresponding z score for:
A random sample of five accidents resulted in the following number of persons injured: 18, 15, 12, 19, & 21. Using the .01 significance level, can we conclude the population mean is less than 20 for all accidents?
At the 5% level of significance, test whether the proportion of internet users paying bills online is now more than 50%.
A company must hire a new CFO and prepares a final list of five candidates - all are equally qualified. Two of the candidates are members of a minority of a minority group. To avoid bias in the selection of the candidate
The proportion of people aged 18-25 who currently use illicit drugs is equal to 0.20 (or 20%). Now, express the null hypothesis H0 and alternative hypothesis H1 in symbolic form.
According to a recent survey of 500 randomly selected residents of Popular City, it was found that 38% are in favor of raising city taxes in order to build a new stadium for the local baseball team. (a) What is the population of interest of the su..
Decision making under risk is the same as decision making under uncertainty because in both the probabilities are unknown.
A sample of 81 account balances of a credit company showed an average balance of $1,200 with a sample standard deviation of $126. You want to determine if the mean of all account balances is significantly different from $1,250. Use a .05 level of ..
A report on the U.S. economy indicates that 28% of Americans have experienced difficulty in making mortgage payments. A news organization randomly sampled 400 Americans from 10 cities named the "fastest dying cities in the U.S."
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