e) Before looking at the data your Grandpa, a life-long baseball fan, starts ranting about how the MLB is lying and it must be higher than $4.05. (He then goes on a long-winded rant about what prices were when he was young, you tune it out and go back to your data.) --Write down the Null and Alternative Hypotheses based on your Grandpa's rant (Hint: this should be slightly different than in part a.) f) Formulate the decision rule for testing your Grandpa's statement. Again, use an alpha of 0.10. 8) Using your sample, run the test and make a decision. h) Interpret your results in the context of your hypotheses from part e.
e) Before looking at the data your Grandpa, a life-long baseball fan, starts ranting about how the MLB is lying and it must be higher than $4.05. (He then goes on a long-winded rant about what prices were when he was young, you tune it out and go back to your data.) --Write down the Null and Alternative Hypotheses based on your Grandpa's rant (Hint: this should be slightly different than in part a.) f) Formulate the decision rule for testing your Grandpa's statement. Again, use an alpha of 0.10. 8) Using your sample, run the test and make a decision. h) Interpret your results in the context of your hypotheses from part e.
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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