(Answered) The average twitter user has an average of 707 followers

Statistics

The average Twitter user has an average of 707 followers with a standard deviation of 187. A sample of 64 professional consultants showed an average of 758 followers. We are interested in determining whether or not professional consultants are significantly different from Twitter average users.

a. State the null and alternative hypotheses to be tested.

b. Compute the test statistic.

c. The null hypothesis is to be tested at 95% confidence. Determine the critical value(s) for this test.

d. What do you conclude? How do interpret your conclusion?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92757775
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Why is it that some people make very high returns on the

Why is it that some people make very high returns on the stock market if it is so efficient? Is it more difficult to reconcile very high returns with efficient markets if the same people make extraordinary returns year a ...

One-year treasury bills currently earn 225 percent you

One-year Treasury bills currently earn 2.25 percent. You expected that one year from now, 1-year Treasury bill rates will increase to 2.75 percent and that two years from now, 1-year Treasury bill rates will increase to ...

What can a continuum of elements in terms of strategic

What can a continuum of elements in terms of strategic planning mean to performance to small-medium enterprises?

Great start to our discussion on short term planning and

Great start to our discussion on short term planning and the operating and cash cycles. talk about if every businesses have similar operating cycles? If not give examples of how and why they are different? Give referen ...

Financial management how can a financial manager use the

Financial Management How can a financial manager use the time value of money(TVM) concept to accomplish this goal?

37 of college students say they use credit cards because of

37?% 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 ...

1 suppose you are the manager of a bank that has 15 million

1. Suppose you are the manager of a bank that has $15 million of fixed-rate assets, $30 million of rate-sensitive assets, $25 million of fixed-rate liabilities, and $20 million of rate-sensitive liabilities. Conduct a ga ...

Borel wants to be a millionaire when he retires in 40 years

Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)

The caloric consumption ofnbsp44nbspadults was measured and

The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...

Acme airlines flies airplanes that seat 20 passengers from

Acme Airlines flies airplanes that seat 20 passengers. From experience, they have learned that, on average, 85% of the passengers holding reservations for a particular flight actually show up for the flight. If they book ...

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