1. A retail store receives an average of 5.9 return per day. For a sample of 7 days, it received the following number of retums: 7, 8, 9, 8, 7, 7, 10. At 5% significance level, can we conclude the mean number returns is more than 5.9? A) State Ho and H. B) Test the hypothesis using the P-Value approach. C) What are Type I and Type II errors?

MATLAB: An Introduction with Applications
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1. A retail store receives an average of 5.9 return per day. For a sample of 7 days, it received
the following number of retums: 7, 8, 9, 8, 7, 7, 10. At 5% significance level, can we
conclude the mean number returns is more than 5.9?
A) State Ho and H.
B) Test the hypothesis using the P-Value approach.
C) What are Type I and Type II errors?
D) Based on the given data, determine the extreme value without rejecting the Ho.
Transcribed Image Text:1. A retail store receives an average of 5.9 return per day. For a sample of 7 days, it received the following number of retums: 7, 8, 9, 8, 7, 7, 10. At 5% significance level, can we conclude the mean number returns is more than 5.9? A) State Ho and H. B) Test the hypothesis using the P-Value approach. C) What are Type I and Type II errors? D) Based on the given data, determine the extreme value without rejecting the Ho.
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