2. The average gasoline price of one of the major oil companies has been $1.00 per gallon. Because of shortages in production of crude oil, it is believed that there has been a significant increase in the average price. In order to test this belief, we randomly selected a sample of 36 of the company's gas stations and determined that the average price for the stations in the sample was $1.04. Assume that the standard deviation of the population (o) is $0.12. a) State the null and the alternative hypotheses for testing the belief. b) Describe a Type I error and a Type II error for this situation. c) What is the critical value at a = .05? wan
2. The average gasoline price of one of the major oil companies has been $1.00 per gallon. Because of shortages in production of crude oil, it is believed that there has been a significant increase in the average price. In order to test this belief, we randomly selected a sample of 36 of the company's gas stations and determined that the average price for the stations in the sample was $1.04. Assume that the standard deviation of the population (o) is $0.12. a) State the null and the alternative hypotheses for testing the belief. b) Describe a Type I error and a Type II error for this situation. c) What is the critical value at a = .05? wan
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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