Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Q. A social scientist claims that the average adult watches less than 26 hours of television per week. He collects data on 25 individuals' television viewing habits and finds that the mean number of hours that the 25 people spent watching television was 22.4 hours. If the population standard deviation is known to be eight hours, can we conclude at the 1% significance level that he is right?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9159036

Have any Question?


Related Questions in Business Economics

What are the implications of outsourcing key public

What are the implications of outsourcing key public responsibilities to global corporations for the Australian state and society?

You work for a large company with tens of thousands of

You work for a large company with tens of thousands of retail outlets throughout the world. The average sales at each retail outlet is $2,400,000 per year, with a standard deviation of $600,000. You want to put in place ...

Find the probability that 4 randomly selected people all

Find the probability that 4 randomly selected people all have the same birthday, given that all of them were born in September. Ignore leap years.

From a consequentialist perspective that has as its

From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethically justified?

A media rental store rented the following number of movie

A media rental store rented the following number of movie titles in each of these catagories: 160 horrors, 242 drama, 114 mystery, 308 romance, and 134 comedy. If a person selects a movie to rent, find the probability th ...

A survey of 1272 pre-owned vehicle shoppers found that 8

A survey of 1272 pre-owned vehicle shoppers found that 8% bought the extended warranties. What is the population and what is the sample?

Answer in true or false1 in the circular flow model firms

Answer in true or False : 1) In the circular flow model, firms sell the services of factors of production to households 2) If GDP included the value of leisure time, the value of US GDP would most likely increase. 3) GDP ...

22 subjects are randomly injected with different dosages of

22 subjects are randomly injected with different dosages of insulin (X) and reduction rate in their blood-sugar levels (Y) are recorded. The results are summarized as: ΣX = 132; ΣX 2  = 917; ΣY = 44; ΣY 2  = 348; ΣXY = 4 ...

A bar wants to move into a new area they want to find out

A bar wants to move into a new area. They want to find out the average income of people in the area to set a price point. To estimate the income of the locals with an error of at most $5,000 at a 80% confidence level, wh ...

Ernies utility function isnbspuxnbspy 32xy he has 10 units

Ernie's utility function is  U ( x ,  y ) = 32 xy . He has 10 units of good x and 8 units of good y. Waldo's utility function for the same two goods is  U ( x ,  y ) = 3 x  + 5 y . Waldo has 9 units of  x  and 13 units o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As