Instructions: Complete the table by following the steps and procedures in Hypothesis Testing.A supermarket owners believes that the mean income of its customers is 50,000 per month. One-hundred customers are randomly selected and asked of their monthly income. The sample mean is48,500 per month and the standard deviation is 3,200. Test the hypothesis using 0.05 as level ofsignificance.HYPOTHESIS TESTING1. Formulate the null and the alternative Ho: The mean income of the customers of ahypothesessupermarket is 50,000 per month.In symbol:Ho:Ha:In symbol:Ha: μ = 50,0002. Specify the following:A. Level of SignificanceA. a = 0.05B. Types of Hypothesis Testing [one-B.tailed test (left-tailed or right-tailed) ora two-tailed test]3. Specify the following:A. The test statistic to be used. (z-test: A. Z-TEST: ONE SAMPLEone sample mean or z-test: two samplemeans)B.B. The critical or tabular value(Zeritical). (Can be found on the giventable of Tabular Value of Z)Formula:4. Compute for the value of the teststatistic (Zcomputed) using the data fromthe population and the sample/s.(x-μ)√Zcomputed =Given:μ-50,000X-48, 500n-s-3,200Substitute the given to the formula:

For the given data Perform z test for one sample

Answered: A supermarket owners believes that the…

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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