In a supermarket, the average cost of men's sport watch is RM 165. A manager takes a sample of 36 watches at random and found out that the mean is RM 178. Is there enough evidence to suggest that the price of watch is more than RM165? Assuming that the population standard deviation is 40, carry out a test at a) 5% significant level using classical approach b) 1% significant level using p-value approach
In a supermarket, the average cost of men's sport watch is RM 165. A manager takes a sample of 36 watches at random and found out that the mean is RM 178. Is there enough evidence to suggest that the price of watch is more than RM165? Assuming that the population standard deviation is 40, carry out a test at a) 5% significant level using classical approach b) 1% significant level using p-value approach
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 7PPS
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