5.60d(mod)b: Use the Ryan-Joiner Test to evaluate the normality of the sample based on a 5% significance level Hint: See L-20 pdf and lecture, page 10 (Exercise 5.65 (mod)) p-value=0.037<0.05=Reject H0: There is significant evidence that the sample is NOT from a Normal population p-value=0.423>0.053Fail to reject HO: There is significant evidence that the sample is from a Normal population 2 p-value=0.152>0.05%3Fail to reject HO: There is insufficient evidence that the sample is NOT from a Normal population p-value<0.010<0.05=Reject H0: There is significant evidence that the sample is NOT from a Normal population 4.
5.60d(mod)b: Use the Ryan-Joiner Test to evaluate the normality of the sample based on a 5% significance level Hint: See L-20 pdf and lecture, page 10 (Exercise 5.65 (mod)) p-value=0.037<0.05=Reject H0: There is significant evidence that the sample is NOT from a Normal population p-value=0.423>0.053Fail to reject HO: There is significant evidence that the sample is from a Normal population 2 p-value=0.152>0.05%3Fail to reject HO: There is insufficient evidence that the sample is NOT from a Normal population p-value<0.010<0.05=Reject H0: There is significant evidence that the sample is NOT from a Normal population 4.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
i need MCQ solution
![Question 7
5.60d(mod)b: Use the Ryan-Joiner Test to evaluate the normality
of the sample based on a 5% significance level
Hint: See L-20 pdf and lecture, page 10 (Exercise 5.65
(mod))
p-value=0.037<0.05=Reject H0: There is significant
evidence that the sample is NOT from a Normal
population
p-value=0.423>0.05=Fail to reject HO: There is
2) significant evidence that the sample is from a
Normal population
p-value=0.152>0.05=Fail to reject HO: There is
insufficient evidence that the sample is NOT from
a Normal population
3
p-value<0.010<0.05=Reject HO: There is significant
evidence that the sample is NOT from a Normal
population
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e8c00cd-a7dc-48ce-8fd9-4b4894d2734e%2F9e871ee8-3b07-48f8-a81a-b3bc98b3e881%2F1nrsnpf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 7
5.60d(mod)b: Use the Ryan-Joiner Test to evaluate the normality
of the sample based on a 5% significance level
Hint: See L-20 pdf and lecture, page 10 (Exercise 5.65
(mod))
p-value=0.037<0.05=Reject H0: There is significant
evidence that the sample is NOT from a Normal
population
p-value=0.423>0.05=Fail to reject HO: There is
2) significant evidence that the sample is from a
Normal population
p-value=0.152>0.05=Fail to reject HO: There is
insufficient evidence that the sample is NOT from
a Normal population
3
p-value<0.010<0.05=Reject HO: There is significant
evidence that the sample is NOT from a Normal
population
4
![Bus.
5.60 When an audit must be conducted that involves a tedious examination of a large
inventory, the audit may be very costly and time consuming if each item in the inventory must
be examined. In such situations, the auditor frequently obtains a random sample of items from
the complete inventory and uses the results of an audit of the sampled items to check the validity
of the company's financial statement. A large company's financial statement claims an inventory
that averages $600 per item. The following data are the auditor's assessment of a random sample
of 75 items from the company's inventory. The values resulting from the audit are rounded to
the nearest dollar.
303
547 1,368 493 984 507 148 2,546 738
83
2 135 274 74 1,472
399 1,784
71 751 136 571 147 282 2,039 1,909 748 188 548
1
280
102
618 129 1,324 1,428 469 102 454 1,059 939 303
600 234 514
17
551
293 1,395
7
28
2 973
506 511 812 1,290 685 447 11
35
252 1,526 464
5
67 99 67 259
7
67 248 3,215 3 33
41
a. Estimate the mean value of an item in the inventory using a 95% confidence
interval.
b. Is there substantial evidence (a = .01) that the mean value of an item in the
inventory is less than $600?
c. What is the target population for the above inferences?
d. Would normal distribution-based procedures be appropriate for answering the
above questions?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e8c00cd-a7dc-48ce-8fd9-4b4894d2734e%2F9e871ee8-3b07-48f8-a81a-b3bc98b3e881%2F8yqg68b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bus.
5.60 When an audit must be conducted that involves a tedious examination of a large
inventory, the audit may be very costly and time consuming if each item in the inventory must
be examined. In such situations, the auditor frequently obtains a random sample of items from
the complete inventory and uses the results of an audit of the sampled items to check the validity
of the company's financial statement. A large company's financial statement claims an inventory
that averages $600 per item. The following data are the auditor's assessment of a random sample
of 75 items from the company's inventory. The values resulting from the audit are rounded to
the nearest dollar.
303
547 1,368 493 984 507 148 2,546 738
83
2 135 274 74 1,472
399 1,784
71 751 136 571 147 282 2,039 1,909 748 188 548
1
280
102
618 129 1,324 1,428 469 102 454 1,059 939 303
600 234 514
17
551
293 1,395
7
28
2 973
506 511 812 1,290 685 447 11
35
252 1,526 464
5
67 99 67 259
7
67 248 3,215 3 33
41
a. Estimate the mean value of an item in the inventory using a 95% confidence
interval.
b. Is there substantial evidence (a = .01) that the mean value of an item in the
inventory is less than $600?
c. What is the target population for the above inferences?
d. Would normal distribution-based procedures be appropriate for answering the
above questions?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman