Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Hypothesis testing for the population mean.

The manufacturer of a certain type of ATM machine reports that the mean ATM withdrawal is $60. The manager of a convenience store with an ATM machine thinks that mean withdrawal from his machine is less than this amount. He obtains a simple random sample of 35 withdrawals over the past year and finds the sample mean to be $ 54. Suppose that the population standard deviation is $ 13.

a) What is the sampling distribution of sample mean? __________________

b) Situation the hypotheses- H0 and H1.

c) Compute a test statistic. _________________

d) Conclude the corresponding p-value.__________________

e) Make a decision using the p-value approach at the given α = 0.05.

f) Compute a cutoff value (or critical value) ______________

g) Decide using the Decision Rule approach at given α = 0.05.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M919819

Have any Question? 


Related Questions in Statistics and Probability

A business student is interested in estimating the 99

A business student is interested in estimating the 99% confidence interval for the proportion of students who bring laptops to campus. He wishes a precise estimate and is willing to draw a large sample that will keep the ...

Name and explain the contributions of three abolitionists

Name and explain the contributions of three Abolitionists that supported and helped African Americans before the Civil War fight slavery?

The manager of the cheesecake factory in boston reports

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on wee ...

How might one relate einsteins theory of relativity to

How might one relate Einstein's theory of relativity to mathematical perspective in art?

In your own wordsquestion 1 critique and expand upon the

In your own words! Question 1: Critique and expand upon the statement: Every college graduate should understand the basic principles of the Operations function of a business. Question 2: Identify three current trends in ...

A researcher conducted a factor analysis of five items on

A researcher conducted a factor analysis of five items on which participants rated their current mood. Interpret the factor matrix that emerged from this factor analysis. Specifically, what do the three factors appear to ...

If x and y are statistically independent random variables

If X and Y are statistically independent random variables both with probability density function f(t)=e^(-t) I[0, +infinity](t) , where I is the indicator function of t. Find the probability density of the variable Z=Squ ...

Random and independent samples of 80 recent prime time

Random and independent samples of 80 recent prime time airings from each of two major networks have been considered. The first network aired a mean of 110.7  commercials during prime time, with a standard deviation of 4. ...

Please show the work to make it understandablea large

Please show the work to make it understandable A large company is interested in knowing whether there is any relationship between a person's age and that person's opinion about a new wage incentive plan. A random sample ...

Given a stable matching of n men and n womena is it

Given a stable matching of n men and n women, (a) Is it possible to find three pairs such that if the matching among them is changed, each man will be matched to a woman whom he prefers, and each woman will be matched to ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro