Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Computing the value of test statistic and P-value as well interpret the result.

In the year 2003 the mean fare to fly from North Carolina, Charlotte, to Washington, Seattle, on a discount ticket was $267. A arbitrary sample of round-trip discount fares on this route last month gives:

$321.00

$286.00

$290.00

$330.00

$310.00

$250

$270

$280

$299

$265

$291

$275

$281

 

 

 

 

 

 

 

At the .01 consequence level can we conclude that the mean fare has increased?
What is the p-value?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923459

Have any Question? 


Related Questions in Statistics and Probability

Suppose that the probability that a new medication will

Suppose that the probability that a new medication will cause a bad side effect is 0.03. If this medication is given to 150 people, what is the probability that exactly three of them will experience a bad side effect? Pl ...

1 travelers are asked how many hours they are willing to

1. Travelers are asked how many hours they are willing to drive while on vacation in one day. A total of 86 travelers reported a mean of 11.55 hours with a standard deviation of 1.2 hours. Find the 99% confidence interva ...

1 why must a different t-test be used for matched-subjects

1. Why must a different t-test be used for matched-subjects and within-subjects designs than for randomized groups designs? 2. What was W. S. Gosset's contribution to behavioral research?

A company manufactuirng compter chip finds that 8 of all

A company manufactuirng compter chip finds that 8% of all chips manufactured are defective. Management is concerned that high employee turnover is partially responsible for the high defect rate. In an effort to decrease ...

Problem 1 three times each day a quality engineer samples a

Problem 1: Three times each day, a quality engineer samples a component from a recently manufactured batch and tests it. Each part is classified as conforming (suitable for its intended use), downgraded (unsuitable for t ...

Professor professorson a researcher at greendale community

Professor Professorson, a researcher at Greendale Community College, is interested in the effect of caffeine on the typing speed of students. Professorson obtains a random sample of 8 students who are given 400 mg of caf ...

Holiday fruit company buys oranges and processes them into

Holiday Fruit Company buys oranges and processes them into gift fruit baskets and fresh juice.  The company grades the fruit it buys on a scale from 1 (lowest quality) to 5 (highest quality).  The following summarizes Ho ...

Name and explain the contributions of three abolitionists

Name and explain the contributions of three Abolitionists that supported and helped African Americans before the Civil War fight slavery?

250 -300 wordsexplain the history behind the black soldier

250 -300 words Explain the history behind the Black Soldier of the Civil War In this forum look beyond the book for information on specific units, soldiers and even the reasons for why Lincoln allowed the African America ...

Net exports are calculated by subtracting imports from

Net Exports are calculated by subtracting Imports from Exports. Assume Exports and Imports are independent of one another.  If mean exports are $25M with a standard deviation of $3.5M and mean imports are $30M with a sta ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen