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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

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

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
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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
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