State the null and alternate hypothesis.Will you use a left tail, right tail or 2 tailed test?Identify the sampling distribution to be used: standard normal, Student’s t or chi squared.Find the value of the test statistic.Find the P-Value.Based on your answers, shall we reject or accept the null hypothesis?Write the conclusion in the context of the problem. #2) A large warehouse installed a security system a few years ago. Under an older system themanagers estimated that they were losing an average of $678 worth of goods to thieves eachweek. A random sample of 36 weekly records under the current system showed that they werestill losing an average of $650 worth of goods each week. The sample standard deviation was s =$93. Does this indicate that the average loss is different (either more or less) than the previous$678 per week? Use a 5% level of significance.#2) a)b)d)e)f)

Solution: Note: Hello! As you have posted more than 3 sub parts, we are answering the first 3…

Answered: #2) A large warehouse installed a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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State the null and alternate hypothesis.
Will you use a left tail, right tail or 2 tailed test?
Identify the sampling distribution to be used: standard normal, Student’s t or chi squared.
Find the value of the test statistic.
Find the P-Value.
Based on your answers, shall we reject or accept the null hypothesis?
Write the conclusion in the context of the problem.

#2) A large warehouse installed a security system a few years ago. Under an older system the
managers estimated that they were losing an average of $678 worth of goods to thieves each
week. A random sample of 36 weekly records under the current system showed that they were
still losing an average of $650 worth of goods each week. The sample standard deviation was s =
$93. Does this indicate that the average loss is different (either more or less) than the previous
$678 per week? Use a 5% level of significance.
#2) a)
b)
d)
e)
f)

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