Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The Columbus Resturant Council has determined that the minimum amount a small-sized resturant should spend annually on communicable disease prevention training is $3850. This would allow for at least two employee training sessions from the local health department. Based on their survey of 88 small-sized resturants, they found that the average amount spent on communicable disease prevention training is $3829 with a standard deviation of $5100. Test the hypothesis that small-sized resturants are spending less than the required $3850 annually. Use and alpha of .05 to conduct the test.

A. Hypotheses:

B. What is the critical value of the test statistic?

C. What is the calculated value of the test statistic? (Show formula or calculator command)

D. What is the p-value of the test statistic?

E. State and support your decision about the null hypothesis.

F. Construct a 95% confidence interval for the average amount small-sized resturants are spending on communicable disease prevention training.

G. What is your final conclusion about the amount small-sized resturants are spending on communicable disease prevention training. Discuss the results

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91991631
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Most graduate schools of business require applicants for

Most graduate schools of business require applicants for admission to take the GMAT, the Graduate Management Admission Test. Scores on the GMAT are roughly normally distribute with a mean of 527 and a standard deviation ...

A study was conducted to evaluate the association between

A study was conducted to evaluate the association between benzene exposure and leukemia. Employment records identified 10,000 workers who were occupationally exposed to benzene in the 1980s and 14,000 workers who were no ...

The average price of a television on a certain web site is

The average price of a television on a certain Web site is ?$760. Assume the price of these televisions follows the normal distribution with a standard deviation of ?$190. Complete parts a through d below. What is the pr ...

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

A cell phone company offers 15 different voice packages and

A cell phone company offers 15 different voice packages and 15 different data packages. Of those, 6 packages include both voice and data. How many ways are there to choose either voice or data, but not both?

Confidence1the daily sales of burger baby restaurants

Confidence 1.The daily sales of Burger Baby restaurants follow the normal distribution with a standard deviation of $4000. a. A sample is taken of 50 restaurants and the average sales were $40,000/day. What is the 99% co ...

Iq test scores of students are normally distributed with

IQ test scores of students are normally distributed with mean μ=100 and standard deviation σ=10. What is the 33th percentile of the IQ scores? For a randomly chosen student, what is the probability that his or her IQ sco ...

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 ...

1 for a normal distribution with mu 500 and sigma 100 a

1. For a normal distribution with μ = 500 and σ = 100, a. What is the percentile rank for X = 550? b. What is the percentile rank for X = 650? c. What is the percentile rank for X = 450? 2. For a normal distribution with ...

As an experiment the investigators decided to take two

As an experiment, the investigators decided to take two measurements on the patient. One measurement will be made using the precise machine (withσI= 5) and the other will be made using the less precise machine (withσII= ...

  • 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