A researcher believes that the mean earnings of top-paid actors, thletes and musicians are the same. The earnings (in millions of dollars) for several randomly selected people from each category are shown in the table below. It has been confirmed that the population variance for each group is equal and that earnings follow a normal distribution for top-pain actors, athletes and musicians. Use a 1% significance to test the claim. Actor Athlete Musician 34 46 31 29 58 38 20 45 43 29 35 43 29 37 36 27 34 59 27 45 44 28 45 57 37 28 40 26 41 44 37 49 35 35 25 42 38 40 59 Test statistic: If 7.0507 is wrong, what is the correct answer?P-value: If 0.0026 is wrong, what is the correct answer?
A researcher believes that the mean earnings of top-paid actors, thletes and musicians are the same. The earnings (in millions of dollars) for several randomly selected people from each category are shown in the table below. It has been confirmed that the population variance for each group is equal and that earnings follow a normal distribution for top-pain actors, athletes and musicians. Use a 1% significance to test the claim. Actor Athlete Musician 34 46 31 29 58 38 20 45 43 29 35 43 29 37 36 27 34 59 27 45 44 28 45 57 37 28 40 26 41 44 37 49 35 35 25 42 38 40 59 Test statistic: If 7.0507 is wrong, what is the correct answer?P-value: If 0.0026 is wrong, what is the correct answer?
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
Section: Chapter Questions
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A researcher believes that the mean earnings of top-paid actors, thletes and musicians are the same. The earnings (in millions of dollars) for several randomly selected people from each category are shown in the table below. It has been confirmed that the population variance for each group is equal and that earnings follow a normal distribution for top-pain actors, athletes and musicians. Use a 1% significance to test the claim.
| Actor | Athlete | Musician |
|---|---|---|
| 34 | 46 | 31 |
| 29 | 58 | 38 |
| 20 | 45 | 43 |
| 29 | 35 | 43 |
| 29 | 37 | 36 |
| 27 | 34 | 59 |
| 27 | 45 | 44 |
| 28 | 45 | 57 |
| 37 | 28 | 40 |
| 26 | 41 | 44 |
| 37 | 49 | |
| 35 | 35 | |
| 25 | 42 | |
| 38 | 40 | |
| 59 |
Test statistic: If 7.0507 is wrong, what is the correct answer?
P-value: If 0.0026 is wrong, what is the correct answer?
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