A researcher estimates that the average revenue of the largest businesses in the United States is greater than $24 billion. Asample of 50 companies is selected, and the revenues (in billions of dollars) are shown. At a = 0.05, is there enough evidence to support the researcher's claim?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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For Problems 3 through 5, perform each of the following steps.
a. State the hypotheses and identify the claim.
b. Find the critical value(s).
c. Compute the test value.
d. Make the decision.
e. Summarize the results.
3. A researcher estimates that the average revenue of the largest businesses in the
United States is greater than $24 billion. Asample of 50 companies is selected,
and the revenues (in billions of dollars) are shown. At a = 0.05, is there enough
evidence to support the researcher's claim?
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Transcribed Image Text:For Problems 3 through 5, perform each of the following steps. a. State the hypotheses and identify the claim. b. Find the critical value(s). c. Compute the test value. d. Make the decision. e. Summarize the results. 3. A researcher estimates that the average revenue of the largest businesses in the United States is greater than $24 billion. Asample of 50 companies is selected, and the revenues (in billions of dollars) are shown. At a = 0.05, is there enough evidence to support the researcher's claim? 178 122 91 44 35 61 56 46 20 32 30 28 28 20 27 29 16 16 19 15 41 38 36 15 25 31 30 19 19 19 24 16 15 15 19 25 25 18 14 15 24 23 17 17 22 22 21 20 17 20
4. An increase in walking has been shown to contribute to a healthier lifestyle. A
sedentary American takes an average of 5000 steps per day (and 65% of
Americans are overweight). A group of health-conscious employees of a large
health care system volunteered to wear pedometers for a month to record their
steps. It was found that a random sample of 40 walkers took an average of 5430
steps per day, and the population standard deviation is 600 steps. At a = 0.05 can
it be concluded that they walked more than the mean number of 5000 steps per
day?
5. It has been reported that the average credit card debt for college seniors is $3262.
The student senate at a large university feels that their seniors have a debt much
less than this, so it conducts a study of 50 randomly selected seniors and finds
that the average debt is $2995. The population standard deviation is $1100. With
a = 0.05, is the student senate correct?
Transcribed Image Text:4. An increase in walking has been shown to contribute to a healthier lifestyle. A sedentary American takes an average of 5000 steps per day (and 65% of Americans are overweight). A group of health-conscious employees of a large health care system volunteered to wear pedometers for a month to record their steps. It was found that a random sample of 40 walkers took an average of 5430 steps per day, and the population standard deviation is 600 steps. At a = 0.05 can it be concluded that they walked more than the mean number of 5000 steps per day? 5. It has been reported that the average credit card debt for college seniors is $3262. The student senate at a large university feels that their seniors have a debt much less than this, so it conducts a study of 50 randomly selected seniors and finds that the average debt is $2995. The population standard deviation is $1100. With a = 0.05, is the student senate correct?
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