Harry's Hamburgers claims that the residents of Harryville eat at the hamburger chain an average of exactly 18 times per year. You took a sample of 48 residents of Harryville and found that the sample mean was 17. The sample standard deviation was 4.5. You want to test to see if Harry's claim can be disputed with a significance level of 0.05. For each number in the problem, give the appropriate mathematical symbol associated with that number: 18 = What is your conclusion in statistical terms? p-value a so fail to reject Ho ○ p-value> a so reject Ho p-value> a so accept Ho

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Harry's Hamburgers claims that the residents of Harryville eat at the hamburger chain an
average of exactly 18 times per year. You took a sample of 48 residents of Harryville and
found that the sample mean was 17. The sample standard deviation was 4.5. You want to test
to see if Harry's claim can be disputed with a significance level of 0.05.
For each number in the problem, give the appropriate mathematical symbol associated with
that number:
18 =
Transcribed Image Text:Harry's Hamburgers claims that the residents of Harryville eat at the hamburger chain an average of exactly 18 times per year. You took a sample of 48 residents of Harryville and found that the sample mean was 17. The sample standard deviation was 4.5. You want to test to see if Harry's claim can be disputed with a significance level of 0.05. For each number in the problem, give the appropriate mathematical symbol associated with that number: 18 =
What is your conclusion in statistical terms?
p-value <a
so reject Ho
○ p-value <a
so accept Ho
○ p-value <a
so fail to reject Ho
○ p-value> a
so fail to reject Ho
○ p-value> a
so reject Ho
p-value> a
so accept Ho
Transcribed Image Text:What is your conclusion in statistical terms? p-value <a so reject Ho ○ p-value <a so accept Ho ○ p-value <a so fail to reject Ho ○ p-value> a so fail to reject Ho ○ p-value> a so reject Ho p-value> a so accept Ho
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education