Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Mong Corporation makes auto batteries. The company claims that 80% of its LL70 batteries are good for 70 months or longer. A consumer agency wanted to check if this claim is true. The agency took a random sample of 40 such batteries and found that 75% of them were good for 70 months or longer.

a. Using the 1% significance level, can you conclude that the company's claim is false?

b. What will your decision be in part a if the probability of making a Type I error is zero? Explain.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92488855
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

The probability that someone made a purchase at a store is

The probability that someone made a purchase at a store is 0.36. You randomly select 15 people who went to the store. The random variable x represents the number of people who made a purchase. a. Find the probability tha ...

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 ...

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.

Amount of emails mean30find the probability that 20 emails

Amount of emails. Mean=30 Find the probability that 20 emails are received on the first day and 50 emails are received on the second day.

Recent test scores on the law school admission test lsat

Recent test scores on the Law School Admission Test (LSAT) are normally distributed with a mean of 162.4 and a standard deviation of 15.9. What is the probability that the mean of 12 randomly selected scores is less than ...

Arvo corporation is trying to choose between three

Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Tax-free municipal bonds with a return of 8.8%. Wooli Corporation bonds wit ...

1 overproduction of uric acid in the body can be an

1. Overproduction of uric acid in the body can be an indication of cell breakdown. This may be an advance indication of illness such as gout, leukemia, or lymphoma.† Over a period of months, an adult male patient has tak ...

According to the same national collegiate athletic

According to the same National Collegiate Athletic Association data, the means and standard deviations of eligibility and retention rates (based on a 1,000-point scale) for the 2013-2014 academic year are presented, alon ...

A process is normally distributed with a mean of 104

A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...

Boxes of sugar are filled by machine with considerable

Boxes of sugar are filled by machine with considerable accuracy. The distribution of box weights is normal and has a mean of 32 ounces with a standard deviation of only 2 ounces. A quality control inspector takes a sampl ...

  • 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