State appropriate null and alternative hypothesis

Assignment Help Business Economics
Reference no: EM1367632

Q. Director of a state agency believes that average starting salary for clerical employees in state is less than $30,000 per year. To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750.

1: State appropriate null and alternative hypothesis.

2: Assuming population standard deviation is known to be $2,500 and significance level for test is to be 0.05, Illustrate what is critical value (stated in dollars)?

3: Referring to your answer in part b, Illustrate what conclusion should be reached with respect to null hypothesis?

4: referring to your answer in part c, which of two statistical errors might have been made in these case> elucidate.

 

Reference no: EM1367632

Questions Cloud

Illustrate what was impact on supply and demand of labour : Illustrate what was impact on supply and demand of labour on one sector of labour market. Elucidate factors that affected labour demand and labour supply in chosen historical example.
How far are the runners from the flagpole : A unit of area, often used in measuring land areas, is the "hectare", defined as 104m2. An open-pit coal mine consumes 66hectares of land, down to a depth of 23m, each year. What volume of earth, in cubic kilometers, is removed in this time.
Determine immediate effect on deposit on banking system : Dubya make a decision to deposit $5,000 of his cash holdings in Wachovia. The required reserve ratio is set at 10 percent or .10 and the bank does not hold any excess reserves.
Explain systems security certifications consortium web site : What are the areas addressed in CBK? Was policy explicitly listed? If not, where do you feel it is addressed in the CBK?
State appropriate null and alternative hypothesis : To test her hypothesis, she collected a simple random sample of 100 starting clerical salaries from across state and found that sample mean is $29,750. State appropriate null and alternative hypothesis.
Find the efficiency of the engine : Suppose a heat engine takes in 420 J of energy from a hot reservoir and performs 30 J of work in each cycle.
Elucidate how production possibility table or curve reflects : Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).
What is the mechanical energy degenerate by various forces : A 40kg child on a 2.30 m long swing is released from rest when the swing supports make an angle of 26 degrees with the vertical. The acceleration of gravity is 9.8 m/s2.
What is the minimal annual inventory cost : What is the minimal annual inventory cost of the new aggregate replenishment strategy and what is the minimal annual inventory cost of the Harley's current strategy of ordering separately from each supplier

Reviews

Write a Review

Business Economics Questions & Answers

  The variable cost for every additional student

The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.

  Assume which the market for avocados perfectly competitive

Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.

  Vigorous price competition between borders

This is the conclusion reached by the reporter who covered the vigorous price competition between Borders also Barnes & Noble in Fort Worth region during the 2006 holiday shopping season.

  Explain additional ads show the same response

Explain additional ads show the same response, is the bank running an optimal mix of ads.

  Percentage change in nominal gdp

Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.

  Differentiate the equilibria of model

Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.

  Explain how does us government correct for this apparent

Explain how does the U.S. Government correct for this apparent market failure.

  Illustrate what is the real gdp in each year

Illustrate what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2.

  Evaluate regression results

Fully evaluate these regression results, including computation of t-statistics, adjusted R2, and the F-statistic.

  Explain how many hours of leisure does she consume

Explain how many hours of leisure does she consume. How many dollars of consumption does she consume.

  Were impact good or bad

What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.

  Illustrate what potential conflicts of interest could arise

Illustrate what potential conflicts of interest could arise in a management buyout in which the investment bank is also likely to be an investor.

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