Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Test whether the mean is greater than 10

Faced with rising fax costs, a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead. Exceptions are allowed, other than they want the average to be 10 or below. The firm examined 35 randomly chosen fax transmissions all through the next year, yielding a sample mean of 14.44 with a standard deviation of 4.45 pages.
a) At the .01 level of significance, is the true mean greater than 10?
b) Employ Excel to find the right-tail p-value.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921815

Have any Question?


Related Questions in Statistics and Probability

Only 35 of the drivers in a particular city wear seat belts

Only 35% of the drivers in a particular city wear seat belts. Suppose that 20 drivers are stopped at random what is the probability that exactly four are wearing a seatbelt? (Round your answer to 4 decimal places)

Define and discuss the following business valuation process

Define and discuss the following business valuation process: a. Basic Framework b. Book Value Approach c. Market Value of Traded Securities Approach d. Market Multiple Approach e. Discounted Cash Flow Approach . details ...

Bella is 23 years old and wants to invest money for her

Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutual fund, calculate the amount of mone ...

A random sample of 18 eighth grade students scores on a

A random sample of 18 eighth grade? students' scores on a national mathematics assessment test has a mean score of 269. This test result prompts a state school administrator to declare that the mean score for the? state' ...

Question 1 find the area between -88 standard deviations

Question 1: Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2: The are ...

1940 randomly selected adults were asked if they think they

1940 randomly selected adults were asked if they think they are financially better off than their parents. The following table gives the two-way classification of the responses based on the education levels of the person ...

A car gets involved in an accident 80 of the time if it is

A car gets involved in an accident 80% of the time if it is defective. If it is not defective, the probability reduces to 40%. 30% of all cars are defective. If a car is involved in an accident, what is the probability t ...

The recent poll revealed that 68 out of 98 men and 45 out

The recent Poll revealed that 68 out of 98 men and 45 out of 85 women expressed "at least some support" for a new municipal policy. At the 5% significance level, does the proportion of Supporting the policy differ from t ...

On average the parts from a supplier have a mean of 975

On average, the parts from a supplier have a mean of 97.5 inches and a standard deviation of 12.2 inches. Find the probability that a randomly selected part from this supplier will have a value between 85.3 and 109.7 inc ...

A certain process is known to produce non-conforming items

A certain process is known to produce non-conforming items 20% of the time. A char- acteristic of the units produced by this process are currently being monitored for quality. Samples of size 15 are selected, and each it ...

  • 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