According to the Bureau of Labor​ Statistics, Americans spent on average ​$2,912 in 2016 on entertainment. Assume the population standard deviation of this spending is ​$886. A random sample of 31 adults was selected and was found to have an average spending of ​$2,750 on entertainment. Complete parts a and b.  A) Does this sample provide support for the conclusions of the BLS​ poll?  There is a ( ) chance of observing a sample mean as low as ​$2,750. This probability is  (not low/low) enough​ (0.05) to contradict the findings of the poll. B) Identify the symmetrical interval

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

According to the Bureau of Labor​ Statistics, Americans spent on average ​$2,912 in 2016 on entertainment. Assume the population standard deviation of this spending is ​$886. A random sample of 31 adults was selected and was found to have an average spending of ​$2,750 on entertainment. Complete parts a and b. 

A) Does this sample provide support for the conclusions of the BLS​ poll? 
There is a ( ) chance of observing a sample mean as low as ​$2,750. This probability is 
(not low/low) enough​ (0.05) to contradict the findings of the poll.

B) Identify the symmetrical interval that includes 95% of the sample means if the true population mean is $2,913 per month.

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 6 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman