Due to the pandemic, the average price of pork jumped to Php375 per kilo with a standard deviation of Php20. At the slight increase in prices, the Department of Trade and Industry (DTI) sends out a team of enforcers to apprehend erring pork vendors. Last week, the average price in 10 days is Php405. At 1% level of significance, should DTI send out enforcers? What is the appropriate conclusion and action? (A) There is sufficient evidence to show that the price of pork did not increase and DTI should send enforcers. (B) There is sufficient evidence to show that the price of pork did not increase and DTI should not send enforcers. There is sufficient evidence to show that the price of pork increased and DTI should not send enforcers. There is sufficient evidence to show that the price of pork increased and DTI should send enforcers.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Due to the pandemic, the average price of pork jumped to Php375 per kilo with a standard
deviation of Php20. At the slight increase in prices, the Department of Trade and Industry
(DTI) sends out a team of enforcers to apprehend erring pork vendors. Last week, the average
price in 10 days is Php405. At 1% level of significance, should DTI send out enforcers?
What is the appropriate conclusion and action?
(A) There is sufficient evidence to show that the price of pork did not increase and DTI should send enforcers.
(B)
There is sufficient evidence to show that the price of pork did not increase and DTI should not send
enforcers.
There is sufficient evidence to show that the price of pork increased and DTI should not send enforcers.
There is sufficient evidence to show that the price of pork increased and DTI should send enforcers.
Transcribed Image Text:Due to the pandemic, the average price of pork jumped to Php375 per kilo with a standard deviation of Php20. At the slight increase in prices, the Department of Trade and Industry (DTI) sends out a team of enforcers to apprehend erring pork vendors. Last week, the average price in 10 days is Php405. At 1% level of significance, should DTI send out enforcers? What is the appropriate conclusion and action? (A) There is sufficient evidence to show that the price of pork did not increase and DTI should send enforcers. (B) There is sufficient evidence to show that the price of pork did not increase and DTI should not send enforcers. There is sufficient evidence to show that the price of pork increased and DTI should not send enforcers. There is sufficient evidence to show that the price of pork increased and DTI should send enforcers.
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