A shopper wanted to test whether therewas a difference in the average waitingtimes at the check-out counter among 5different supermarkets. She selected arandom sample of 20 shoppers from eachof the five supermarkets.i. What is the null hypothesis for thissituation?OThe average waiting time to check out is 25minutes for all five supermarketsOThe average waiting time for each of the100 shoppers is different.ONone of theseOThe average waiting time to check out isthe same for all five supermarketsOThe average waiting time to check out isnot the same for all five supermarkets.ii. What is the alternative hypothesis forthis situation?OThe average waiting time to check out is 25minutes for all five supermarketsOThe average waiting time to check out isthe same for all five supermarketsOThe average waiting time for each of the100 shoppers is different.ONone of theseOThe average waiting time to check out isnot the same for all five supermarkets.

Here, it is required to write the null and alternative hypotheses:

A shopper wanted to test whether there was a difference in the average waiting times at the check-out counter among 5 different supermarkets. She selected a random sample of 20 shoppers from each of the five supermarkets. i. What is the null hypothesis for this situation? OThe average waiting time to check out is 25 minutes for all five supermarkets OThe average waiting time for each of the 100 shoppers is different. ONone of these

A shopper wanted to test whether there was a difference in the average waiting times at the check-out counter among 5 different supermarkets. She selected a random sample of 20 shoppers from each of the five supermarkets. i. What is the null hypothesis for this situation? OThe average waiting time to check out is 25 minutes for all five supermarkets OThe average waiting time for each of the 100 shoppers is different. ONone of these

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Econometrics Thomas Eisensee and David Stromberg wanted to measure how much news coverage of a foreign disaster impacted the amount of disaster relief provided by the U.S. government. They argue that the simple relationship would be biased. Let X = Minutes of News Coverage and Y= Disaster Aid. Choose a variable X2 that could bias the simple relationship. This variable should impact the amount of coverage and impact the amount of aid for reasons other than purely news coverage. Eisensee and Stromberg introduce an instrument Z = During the Olympics. Explain how Z could satisfy the relevant and exogenous criteria. Explain how you could use Z to estimate the impact of X on Y free from X2 bias. Hint: you should mention two stages.
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the unemployment rate for 18- to 34-year-olds was reported to be 10.8% (the Cincinnati Enquirer, november 6, 2012). assume that this report was based on a random sample of four hundred 18- to 34-year-olds. a. a political campaign manager wants to know if the sample results can be used to conclude that the unemployment rate for 18- to 34-years-olds is significantly higher than the unemployment rate for all adults. according to the bureau of labor Statistics, the unemployment rate for all adults was 7.9%. develop a hypothesis test that can be used to see if the conclusion that the unemployment rate is higher for 18- to 34-year-olds can be supported.b. use the sample data collected for the 18- to 34-year-olds to compute the p-value for the hypothesis test in part (a). using a 5 .05, what is your conclusion?c. explain to the campaign manager what can be said about the observed level of significance for the hypothesis testing results using the p-value
26. A mail order company has conducted a survey to assess whether at least 95% of their customers are satisfied with their most recent order. The results show that of the 280 customers asked, 270 said they were satisfied, with the final 10 saying they were dissatisfied. They have asked you to A conduct a hypothesis test at the 5% level to assess whether there is sufficent evidence to show that more than 95% of their customers are satisfied. What should your null and alternative hypotheses be? Ho:u = 0.95 H1:µ > 0.95 Ho:µ > 0.95 H:µ = 0.95 Ho:u 0.95 = 0.95 H: µ + 0.95 Ho:µ + 0.95 H:µ = 0.95
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