User Account

All Pages

Write the null hypothesis and alternative hypotheses

Assignment Help Business Economics
Reference no: EM132164361

As part of a study of the cost of attending art school, you want to test the claim that the mean cost of one credit hour is less than $580. A random sample of 15 art schools has a mean of $572.48. Assume the population standard deviation is $99.20 and the population is normally distributed. Use 0.07

(a) Write the null hypothesis and alternative hypotheses mathematically and state which one is the claim.

H0: ____________  Ha: ____________  Claim: _______________

(a) What is the critical value?

(b) What is the standardized test statistic?

(c) Should you Reject H0 or   Fail to reject H0?

(d) There is sufficient / insufficient evidence to reject / support the claim.

Reference no: EM132164361

Questions Cloud

What are the salary ranges of the careers : What career opportunities are available for individuals who obtain a bachelor's degree in criminal justice? What are the salary ranges of these careers?
Compare the conditions at privately operated prisons : The United States Justice Department announced on August 18, 2016, that it planned to end its use of private prisons after "officials concluded the facilities.
Null and alternative hypotheses : The null and alternative hypotheses are given below. Is the hypothesis test is left-tailed, right-tailed, or two-tailed?
Define types and uses of written communication : Create a chart or table using Microsoft® Word that includes the following: An introduction identifying some of the types and uses of written communication.
Write the null hypothesis and alternative hypotheses : (a) Write the null hypothesis and alternative hypotheses mathematically and state which one is the claim.
What verdict do you think that the groups might arrive at : What verdict do you think that these groups might arrive at? Please write at least one paragraph for each group. Also, write at least one paragraph and tell me.
Find the critical? value and identify the rejection? region : ?(a) Identify the claim and state H0 and Ha.? (b) Find the critical? value(s) and identify the rejection? region(s).? Identify the rejection? region(s).
Write a program using a function to calculate squareroot : Write a program to calculate |A-B|. You should type in A and B when running the program.
Explain the use of the exclusionary rule : Analyze and explain the use of the exclusionary rule by the Supreme Court of the United States. Define how the exclusionary rule has affected.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd