Given a sample size of 34 with sample mean 6603 and sample, Ask an Expert

Statistics

Given a sample size of 34, with sample mean 660.3 and sample standard deviation 104.9, we perform the following hypothesis test. Since n>30, this is a Z test.

Null Hypothesis Ho:u=700

Alternative Hypothesis Ha:u does not equal 700

1. What is the test statistic? What is the p-value?

2. At a 5% significance level (95% confidence level), what is the critical value(s) in this test? Do we reject the null hypothesis?

3. What are the border values of between acceptance and rejection of this hypothesis?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9990053

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

1 the r-squared of a linear regression model is equal to

1) The R-squared of a linear regression model is equal to the proportion of the variance of the target explained by a linear regression model. 2). The R-squared of a linear regression model is equal to the proportion of ...

Jamie dimon changed the business model for jpmorgan chase

Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?

32 of college students say they use credit cards because of

32% of college students say they use credit cards because of the rewards program. You randomly select 10 college students and ask each to name the reason he or she uses credit cards. Find the probability that the number ...

A college offers 2 introductory courses in history 3 in

A college offers 2 introductory courses in history, 3 in science, 4 in philosophy, 4 in mathematics, and 5 in English. If a freshman takes one course in each area during her first semester, how many course selections are ...

If a fair coin is tossed five times what is the probability

If a fair coin is tossed five times, what is the probability of tossing exactly three heads?

Your supervisor comes to you and says she would like a

Your supervisor comes to you and says she would like a marketing research study. She says there is a budget of $30,000. She would like to conduct a simple random sample of consumers interested in using the services of th ...

The statistical and regression questions are listed

The statistical and regression questions are listed below: What is the value of the simple correlation between TICKETS and COST? If you are able to determine the answer, is showing the film in more theatres associated wi ...

Strip mining inc can develop a new mine at an initial cost

Strip Mining Inc. can develop a new mine at an initial cost of $11 million. The mine will provide a cash flow of $39 million in 1 year. The land then must be reclaimed at a cost of $32 million in the second year. a. Wha ...

A confidence interval estimate is desired for the gain in a

A confidence interval estimate is desired for the gain in a circuit on a semiconductor device. Assume that gain is normally distributed with standard deviation σ = 30. (a) How large must n be if the length of the 95% CI ...

A sample of 175 randomly selected students found that the

A sample of 175 randomly selected students, found that the proportion of students planning to travel home for thanksgiving is 0.64 What is the standard deviation of the sampling distribution.

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

Recent Questions

Ask Statistics and Probability Expert