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At a= 0.05, is there a significant difference on your sample average price if the market average price is PHP 40. Show the detailed steps in hypothesis testing and illustrate the decision rule. Step 1: State the hypothesis  H0: µ=40 H1: µ ≠ 40 Step 2: Significant Alpha Step 3: Determine the appropriate test statistic Step 4: Find the Critical Values  Step 5: Compute the test statistic Step 6: Decision Rule

At a= 0.05, is there a significant difference on your sample average price if the market average price is PHP 40. Show the detailed steps in hypothesis testing and illustrate the decision rule. Step 1: State the hypothesis  H0: µ=40 H1: µ ≠ 40 Step 2: Significant Alpha Step 3: Determine the appropriate test statistic Step 4: Find the Critical Values  Step 5: Compute the test statistic Step 6: Decision Rule

MATLAB: An Introduction with Applications
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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At a= 0.05, is there a significant difference on your sample average price if the market average price is PHP 40. Show the detailed steps in hypothesis testing and illustrate the decision rule.

Step 1: State the hypothesis 

H0: µ=40

H1: µ ≠ 40

Step 2: Significant Alpha

Step 3: Determine the appropriate test statistic

Step 4: Find the Critical Values 

Step 5: Compute the test statistic

Step 6: Decision Rule

 

Please complete the steps thanks

(x) 10 13 15 8 10 10 10 15 18 20 20 10 8 8 10 15 20 13 10 13 -2.7 0.3 23 -4.7 -2.7 -2.7 -2.7 2.3 5.3 73 73 -2.7 -4.7 -4.7 -2.7 2.3 7.3 0.3 -2.7 0.3 7.29 0.09 5.29 22.09 7.29 7.29 729 5.29 22.09 28.09 53.29 53.29 729 22.09 22.09 7.29 529 53.29 0.09 7.29 0.09 13 0.3 0.09 20 7.3 53.29 8 -4.7 22.09 10 -2.7 7.29 10 -2.7 7.29 8 -4.7 22.09 15 2.3 5.29 0.09 13 0.3 20 7.3 53.29 Total: 381 514.3 s²= x= [(x-x)² = 514.3 = 17.73448276 n-1 30-1 The sample standard deviation is, 4.211232926 found by 17.73448276. As we note again that the sample variance is in terms of per price of 500mg of Royal Seal Salt, but taking the square root of 17.73448276 gives us 4.211232926, which is in the same unit as the original data. MEAN Formula: μ => x N = 10+13+15+8+10+10+10+15+8+18+20+20+10+8+8+10+ 15+20+13+10+13+13+20+8+10+10+8+15+13+20 30 = 381 30 = 12.7 In order to get the mean, we have to add all the collected Data price of 500mg of Royal Seal Salt and divide by 30, that is why we get the 12.7 in total. RANGE 8 10 10 13 18 8 10 10 13 20 8 10 10 15 20 8 10 13 15 20 8 10 13 15 20 8 10 13 15 20 (insert symbol) = 20-8 = 12 Subtract the number from lowest value to highest value. STANDARD DEVIATION X=> x = 381 N 30 = 12.7
Transcribed Image Text:(x) 10 13 15 8 10 10 10 15 18 20 20 10 8 8 10 15 20 13 10 13 -2.7 0.3 23 -4.7 -2.7 -2.7 -2.7 2.3 5.3 73 73 -2.7 -4.7 -4.7 -2.7 2.3 7.3 0.3 -2.7 0.3 7.29 0.09 5.29 22.09 7.29 7.29 729 5.29 22.09 28.09 53.29 53.29 729 22.09 22.09 7.29 529 53.29 0.09 7.29 0.09 13 0.3 0.09 20 7.3 53.29 8 -4.7 22.09 10 -2.7 7.29 10 -2.7 7.29 8 -4.7 22.09 15 2.3 5.29 0.09 13 0.3 20 7.3 53.29 Total: 381 514.3 s²= x= [(x-x)² = 514.3 = 17.73448276 n-1 30-1 The sample standard deviation is, 4.211232926 found by 17.73448276. As we note again that the sample variance is in terms of per price of 500mg of Royal Seal Salt, but taking the square root of 17.73448276 gives us 4.211232926, which is in the same unit as the original data. MEAN Formula: μ => x N = 10+13+15+8+10+10+10+15+8+18+20+20+10+8+8+10+ 15+20+13+10+13+13+20+8+10+10+8+15+13+20 30 = 381 30 = 12.7 In order to get the mean, we have to add all the collected Data price of 500mg of Royal Seal Salt and divide by 30, that is why we get the 12.7 in total. RANGE 8 10 10 13 18 8 10 10 13 20 8 10 10 15 20 8 10 13 15 20 8 10 13 15 20 8 10 13 15 20 (insert symbol) = 20-8 = 12 Subtract the number from lowest value to highest value. STANDARD DEVIATION X=> x = 381 N 30 = 12.7
UNIT Itt Fut THOUDOR ILL MAMOALING INT #RAMA I'll -VANICOLAT juu ERMITA INT CARDON Ixt CARRETA TU CAPITOLUITE Itt PANAGDAH Ixt DULTO Tu MA-GUNCAY EUCARIO OPRA 30 40- 25 20 25 25 40 +5 20 20 30 -25 410 PARDO INAYAWAN COLON DAVAK GUADALUPE LAPU-LAPU MANDAUE DANANA T-PADILA CPADILLA TABUAN JONES CAVAMDAGAN -FIVA LA HUG APAS ROYAL PEAL VALT CEAI- 20 UNLE 1 xt ILL IU Ixt Ikt 1kt Itt 1 tt 1xt Itt 1ttt 1kt 1u Itt 30 15 -20- -20- 20 30 15 -40 -40 20 15 15 -20
Transcribed Image Text:UNIT Itt Fut THOUDOR ILL MAMOALING INT #RAMA I'll -VANICOLAT juu ERMITA INT CARDON Ixt CARRETA TU CAPITOLUITE Itt PANAGDAH Ixt DULTO Tu MA-GUNCAY EUCARIO OPRA 30 40- 25 20 25 25 40 +5 20 20 30 -25 410 PARDO INAYAWAN COLON DAVAK GUADALUPE LAPU-LAPU MANDAUE DANANA T-PADILA CPADILLA TABUAN JONES CAVAMDAGAN -FIVA LA HUG APAS ROYAL PEAL VALT CEAI- 20 UNLE 1 xt ILL IU Ixt Ikt 1kt Itt 1 tt 1xt Itt 1ttt 1kt 1u Itt 30 15 -20- -20- 20 30 15 -40 -40 20 15 15 -20
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