Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Historically, Shop-Mart has gotten an average of 2000 hours of use from its G&E fluorescent lightbulbs. Because its fixtures are attached to the ceiling, the bulbs are rather cumbersome to replace, and Shop-Mart is looking into the possibility of switching to Phipps bulbs, which cost the same. A sample of Phipps bulbs lasted an average of 2080 hours, and the p-value in a right-tail test (H0: µ # 2000 versus H1: µ . 2000) is 0.012.

Shop-Mart has shared these results with both G&E and Phipps.

a. Give Shop-Mart a recommendation. In doing so, use "0.012" in a sentence that would be understood by  a Shop-Mart executive who has had no statistical training but is comfortable with probabilities as used by weather forecasters.

 

b. In interpreting these results, what level of significance might G&E like to use in reaching a conclusion? Explain.

c. In interpreting these results, what level of significance might Phipps like to use in reaching a conclusion? Explain.

d. If the test had been two-tail (i.e., H0: µ 5 2000 versus H1: µ =! 2000) instead of right-tail, would the p-value still be 0.012? If not, what would the p-value be? Explain.

(DATA SETNote: Exercises 10.108-10.113 require a computer and statistical software.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91704457

Have any Question?


Related Questions in Statistics and Probability

An important part of the customer service responsibilities

An important part of the customer service responsibilities of a cable company relates to the speed with which trouble in service can be repaired. Historically, the data show that the likelihood is 0.75 that troubles in a ...

Rippards has a debt ratio of 15 a total asset turnover

Rippard's has a debt ratio of 15%, a total asset turnover ratio of 3.0 and a return on equity (ROE) of 48%. Compute Rippard's net profit margin.

The table shows the results of a survey in which 400 adults

The table shows the results of a survey in which 400 adults from the? East, 400 adults from the? South, 400 adults from the? Midwest, and 400 adults from the West were asked if traffic congestion is a serious problem. Co ...

Suppose a researcher is interested in the number of good

Suppose a researcher is interested in the number of good versus bad dreams that students have during final exam week. The researcher states that  p  = 0.52 that a student will have a bad dream during final exam week. (a) ...

A cpu manufacturing company knows based on the machines

A CPU manufacturing company knows, based on the machines working at maximum productivity, that 90% of the CPU's coming off the line meet quality standards. The quality control inspector pulls 25 CPU's off the line to tes ...

A sample of 189 randomly selected students found that the

A sample of 189 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.66. What is the Standard Deviation of the sampling distribution?

Answer the following questions about an anova analysis

Answer the following questions about an ANOVA analysis involving three samples. a. In this ANOVA analysis, what are we trying to determine about the three populations they're taken from? b. State the null and alternate h ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. What price shoukd the company expect its existing shares shares to sell ...

If sailsboro just paid a dividend of 2 per share amp

If Sailsboro just paid a dividend of $2 per share & dividends are expected to grow at 8%, 6%, and 5% for the next three years respectively. After that the dividends are expected to grow at a constant rate of 3% indefinit ...

In a recent year 8032844 male students and 9381579 female

In a recent year, 8,032,844 male students and 9,381,579 female students were enrolled as undergraduates. Receiving aid were 64.1% of the male students and 65.7% of the female students. Of those receiving aid, 41% of the ...

  • 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