According to the Energy Information Administration (official energy statistics from the U.S. government), the mean price for one gallon of unleaded regular gasoline in U.S. cities for August, 2011 was $3.64. A random sample of 30 pumps in cities in the state of Georgia yielded an average price of $3.16 per gallon for unleaded gasoline. Assume that o = $0.90. Test whether the population mean price for unleaded gasoline is lower in Georgia than the general population, using a significance level of a = 0.01. Select one: a. p-value = 0.0017, reject Ho. b. p-value = 0.0036, reject Ho. c. p-value = 0.4602, do not reject Ho. O d. p-value = 0.0018, do not reject Ho.
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Mean()=3.16
standard deviation()=0.90
sample size(n)=30
significance level()=0.01
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- A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 700.4. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 34 high-income individuals and found the sample mean credit score to be 716.2 with a standard deviation of 81.1. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. Identify the P-value. P-value = (Round to three decimal places as needed.) Help me solve this View an example Get more help . Check answer Clear all Type here to search O H Di 0 $ (?) 4:13 PM 6/18/2022 R T 6 a 96°F Sunny AA credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 703.8. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 36 high-income individuals and found the sample mean credit score to be 719.8 with a standard deviation of 81.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α=0.05 level of significance.A certain prescription medicine is supposed to contain an average of 250 parts per million (ppm) of a certain chemical. If the concentration is higher than this, the drug may cause harmful side effects; if it is lower, the drug may be ineffective. The manufacturer runs a check to see if the mean concentration in a large shipment conforms to the target level of 250 ppm or not. A simple random sample of 100 portions is tested, and the sample mean concentration is found to be 247 ppm. The sample concentration standard deviation is s = 12 ppm. What are the appropriate null and alternative hypotheses? Group of answer choices H 0: x̄ = 250 vs. H a: x̄ < 250 H 0: x̄ = 250 vs. H a: x̄ ≠ 250 H 0: x̄ = 250 vs. H a: x̄ > 250 H 0: μ = 250 vs. H a:μ < 250 H 0: μ = 250 vs. H a: μ ≠ 250 H 0: μ = 250 vs. H a: μ > 250
- A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 708.2. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 31 high-income individuals and found the sample mean credit score to be 723.3 with a standard deviation of 80.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the α = 0.05 level of significance. C State the null and alternative hypotheses. Ho: HY H₁: (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. the null hypothesis.…A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 700.1. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 45 high-income individuals and found the sample mean credit score to be 713.4 with a standard deviation of 84.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) e%3D Make a conclusion regarding the hypothesis. the null hypothesis. There…A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 36 high-income individuals and found the sample mean credit score to be 714.9 with a standard deviation of 81.7. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H V H1: H V (Type integers or decimals. Do not round.) Identify the t-statistic. to (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. V the null hypothesis.…
- A manufacturer of exercise equipment wanted to collect data on the effectiveness of their equipment. A magazine article compared how long it would take men and women to burn 200 calories during light or heavy workouts on various kinds of exercise equipment. The results summarized in the accompanying table are the average times for a group of physically active young men and women whose performances were measured on a representative sample of exercise equipment. Assume normality of the population. Complete parts (a) through (c) below. Click the icon to view the data table. C a) On average, how many minutes longer than a man must a woman exercise at a light exertion rate in order to burn 200 calories? Find a 95% confidence interval. minutes (Round to one decimal place as needed.) b) Estimate the average number of minutes longer a woman must work out at a light exertion than at heavy exertion to get the same benefit. Find a 95% confidence interval. (₁) minutes (Round to one decimal place…An environmental group conducted a study to determine whether crows in a certain region were ingesting food containing unhealthy levels of lead. A biologist classified lead levels greater than 6.0 parts per million (ppm) as unhealthy and that the distribution of the population of crows was Normally distributed. The lead levels of a random sample of 23 crows in the region were measured and recorded. The mean lead level of the 23 crows in the sample was 4.90 ppm and the standard deviation was 1.12 ppm. B.A previous study of crows showed that the population standard deviation was at 2.6 ppm. What minimum sample size would be required to construct a 90 percent confidence interval to have a margin of error within 0.03?A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 702.4. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 41 high-income individuals and found the sample mean credit score to be 721.3 with a standard deviation of 80.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a= 0.05 level of significance. State the null and alternative hypotheses. Ho H H₁ H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value= (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. the null hypothesis. There…
- A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 710.6. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 48 high-income individuals and found the sample mean credit score to be 723.6 with a standard deviation of 81.2. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.10 level of significance. Click the icon to view the table of critical t-values. State the null and alternative hypotheses. Fill in the correct answers below. Ho: Hyi H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Approximate the P-value. The P-value is in the range Make…A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 704.9. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 33 high-income individuals and found the sample mean credit score to be 717.9 with a standard deviation of 83.9. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the g = 0.05 level of significance. State the null and alternative hypotheses. Ho: µ 704.9 H1: µ > 704.9 (Type integers or decimals. Do not round.) Identify the t-statistic, to = (Round to two decimal places as needed.)A credit score is used by credit agencies (such as mortgage companies and banks) to assess the creditworthiness of individuals. Values range from 300 to 850, with a credit score over 700 considered to be a quality credit risk. According to a survey, the mean credit score is 708.5. A credit analyst wondered whether high-income individuals (incomes in excess of $100,000 per year) had higher credit scores. He obtained a random sample of 43 high-income individuals and found the sample mean credit score to be 723.3 with a standard deviation of 84.6. Conduct the appropriate test to determine if high-income individuals have higher credit scores at the a = 0.05 level of significance. State the null and alternative hypotheses. Ho: H (Type integers or decimals. Do not round.) Identify the t-statistic. to = (Round to two decimal places as needed.) Identify the P-value. P-value = (Round to three decimal places as needed.) Make a conclusion regarding the hypothesis. the null hypothesis. There…