Draw a conclusion and interpret the decision
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Community college instructors' salaries in one state are very low, so low that educators in that state regularly complain about their compensation. The national
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- The mean GPA of all 45,038 students at Uneeda College is 3.21. A random sample of 50 GPAs from the school has a mean of 3.16. Is the value 3.21 a parameter or a statistic?Insurance Company A claims that its customers pay less for car insurance, on average, than customers of its competitor, Company B. You wonder if this is true, so you decide to compare the average monthly costs of similar insurance policies from the two companies. For a random sample of 7 people who buy insurance from Company A, the mean cost is $150 per month with a standard deviation of $16. For 12 randomly selected customers of Company B, you find that they pay a mean of $160 per month with a standard deviation of $14. Assume that both populations are approximately normal and that the population variances are equal to test Company A's claim at the 0.10 level of significance. Let customers of Company A be Population 1 and let customers of Company B be Population 2. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.The National Coalition on Healthcare suggests that the mean annual premium that a health insurer charges an employer for a health plan covering a family of four averaged $13,000 in 2009. A sample of 30 families of four yields a mean annual premium paid by their employer to be $13,500 with a sample standard deviation of $300. We are interested in whether the mean annual premium that a health insurer charges an employer for a health plan covering a family of four is different from $13,000 using a significance level of 0.10. Select one: a. tdata = 9.129, do not reject Ho. b. tdata = 9.129, reject Ho. c. tdata = -9.129, do not reject Ho. O d. tdata = 4.156, reject Ho.
- A team of ten (10) construction workers who are working on a project are classified according to the skill levels, Classes A to D. The table below shows the number of workers in each of the four (4) classes and their respective hourly pay-rate. Pay-rate (Rands/hour) Number of workers Class A 80 Class B 60 Class C 55 Class D 50 4. Calculate the mean hourly pay-rate for the 10 workers. A. R24.50/hour B. R57/hour C. R57.50/hour D. R61.75/hourInsurance Company A claims that its customers pay less for car insurance, on average, than customers of its competitor, Company B. You wonder if this is true, so you decide to compare the average monthly costs of similar insurance policies from the two companies. For a random sample of 13 people who buy insurance from Company A, the mean cost is $150 per month with a standard deviation of $19. For 9 randomly selected customers of Company B, you find that they pay a mean of $157 per month with a standard deviation of $16. Assume that both populations are approximately normal and that the population variances are equal to test Company A's claim at the 0.05 level of significance. Let customers of Company A be Population 1 and let customers of Company B be Population 2. Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below. Ho: M₁ = μ₂ Ha:M₁ •H₂An analyst found that the average amount of money in bank accounts at his/her bank is $2,000 with a standard deviation of $150. What would be the variance?
- Insurance Company A claims that its customers pay less for car insurance, on average, than customers of its competitor, Company B. You wonder if this is true, so you decide to compare the average monthly costs of similar insurance policies from the two companies. For a random sample of 15 people who buy insurance from Company A, the mean cost is $154 per month with a standard deviation of $13. For 11 randomly selected customers of Company B, you find that they pay a mean of $159 per month with a standard deviation of $16. Assume that both populations are approximately normal and that the population variances are equal to test Company A’s claim at the 0.02 level of significance. Let customers of Company A be Population 1 and let customers of Company B be Population 2. Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.Airline companies are interested in the consistency of the number of babies on each flight, so that they have adequate safety equipment. They are also interested in the variation of the number of Babies. Suppose that an airline executive believes the standard deviation in the number of babies is 6 at the most. The airline conducts a survey. The results of the 23 flights surveyed give a samle mean of 8 with a sample standard deviation of 9. Test the executive's belief to see if it is accurate, or if it is actually greater at the a = 0.05 level. Ho:o = H:o Select an answer df = P-value = The p-value is... greater than a less than (or equal to) a This test statistic leads to a decision to... reject the null fail to reject the null accept the alternative accept the null As such, the final conclusion is that there Select an answer v sufficient evidence to conclude the standard deviation of the number of babies on airplanes is Select an answer than (?1) According to Consumer Expenditures, the average consumer spent $1729 on apparel and services in 2017. In 2018, a random sample of 36 consumers had a mean of $1667.11 and a standard deviation of $351.69. Can it be said that at the 5% level of significance that the mean level of consumption differed in 2018 with respect to 2017?
- I need help.Insurance Company A claims that its customers pay less for car insurance, on average, than customers of its competitor, Company B. You wonder if this is true, so you decide to compare the average monthly costs of similar insurance policies from the two companies. For a random sample of 1313 people who buy insurance from Company A, the mean cost is $151$151 per month with a standard deviation of $16$16. For 99 randomly selected customers of Company B, you find that they pay a mean of $158$158 per month with a standard deviation of $19$19. Assume that both populations are approximately normal and that the population variances are equal to test Company A’s claim at the 0.050.05 level of significance. Let customers of Company A be Population 1 and let customers of Company B be Population 2. Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.In Country A, the population mean height for 3-year-old boys is 37 inches. Suppose a random sample of 15 3-year-old boys from Country B showed a sample mean of 36.8 inches with a standard deviation of 2 inches. The boys were independently sampled. Assume that heights are Normally distributed in the population. Complete parts a through c below. a. Determine whether the population mean for Country B boys is significantly different from the Country A mean. Use a significance level of 0.05. Which of the following correctly states Ho and Ha? Ho: µ#37 O A. Ho: μz37 Oc. H3i µ 37 OB. Hai H=37 Hai us37 Ho: H = 37 Ha:µ 37 Ho: µ= 37 Ha: H#37 Find the test statistic. t= -0.39 (Type an integer or decimal rounded to two decimal places as needed.) Find the p-value. p (Type an integer or decimal rounded to three decimal places as needed.)