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1. Ayoung couple plans to purchase a franchise. In a to average more than $15,000 in sales each month. random sample (size 30) from previous months' sa the hypotheses Ho: u=15,000 Ha: u to describe a Type I Error and its consequence for the c a. The couple, believing the average sales will be mor and may end up in bankruptcy. b. The couple, believing the average sales will be mor and may end up with a successful business. c. The couple, believing the average sales will be $15. and will miss out on an opportunity to own a succe d. The couple, believing the average sales will be $15, because they would have gone bankrupt with the ba The consequences of a Type I Error cannot be dete: e.

1. Ayoung couple plans to purchase a franchise. In a to average more than $15,000 in sales each month. random sample (size 30) from previous months' sa the hypotheses Ho: u=15,000 Ha: u to describe a Type I Error and its consequence for the c a. The couple, believing the average sales will be mor and may end up in bankruptcy. b. The couple, believing the average sales will be mor and may end up with a successful business. c. The couple, believing the average sales will be $15. and will miss out on an opportunity to own a succe d. The couple, believing the average sales will be $15, because they would have gone bankrupt with the ba The consequences of a Type I Error cannot be dete: e.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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1. Ayoung couple plans to purchase a franchise. In order to avoid bankruptcy, the couple needs to average more than $15,000 in sales each month. Before signing the deal, they take a random sample (size 30) from previous months' sales and conduct a test of significance. Use the hypotheses Ho: u=15,000 Ha: u>15,000 to describe a Type I Error and its consequence for the couple: I a. The couple, believing the average sales will be more than $15,000, will purchase the franchise and may end up in bankruptcy. b. The couple, believing the average sales will be more than $15,000, will purchase the franchise and may end up with a successful business. c. The couple, believing the average sales will be $15,000 or less, will not purchase the business and will miss out on an opportunity to own a successful business. d. The couple, believing the average sales will be $15,000 or less, will not purchase the business because they would have gone bankrupt with the business. The consequences of a Type I Error cannot be determined without an a-level. e.
Transcribed Image Text:1. Ayoung couple plans to purchase a franchise. In order to avoid bankruptcy, the couple needs to average more than $15,000 in sales each month. Before signing the deal, they take a random sample (size 30) from previous months' sales and conduct a test of significance. Use the hypotheses Ho: u=15,000 Ha: u>15,000 to describe a Type I Error and its consequence for the couple: I a. The couple, believing the average sales will be more than $15,000, will purchase the franchise and may end up in bankruptcy. b. The couple, believing the average sales will be more than $15,000, will purchase the franchise and may end up with a successful business. c. The couple, believing the average sales will be $15,000 or less, will not purchase the business and will miss out on an opportunity to own a successful business. d. The couple, believing the average sales will be $15,000 or less, will not purchase the business because they would have gone bankrupt with the business. The consequences of a Type I Error cannot be determined without an a-level. e.
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