DO:t-statistic =P-value =CONCLUDE:Because the P-value(Round to 3 decimal places)(Use technology. Round to 4 decimal places.)a = 0.05, the correct decision is tothe null hypothesis. Thereconvincing evidence at the a = 0.05 level that the mean home price in this housing plan is$500,000. ⒸBFW PublishersJoan and James are interested in buying a home in a large housing plan of about 600 homes. Their realtor claims that the averagehome price is $500,000. To investigate, Joan and James select a random sample of 55 homes and look up their prices onzillow.com. The average price of these homes is $525,000 with a standard deviation of $75,000.Do these data provide convincing evidence at the a = 0.05 level that the mean home price in this housing plan is greater than$500,000?STATE:Ho:Ha:H=thousandthousandThe evidence for H₁ isPLAN: Select all correct statements.Normal/Large Sample: This condition is not met.Random: This condition is not met.Random: A random sample of 55 homes are selected.|Normal/Large Sample: n = 55 is large (≥ 30)This is a one-sample t-test for x.This is a one-sample t-test for μ.

The sample mean x¯=525000 The sample standard deviation s=75000 The sample size n=55 The…

Answered: Joan and James are interested in buying…

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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A student earned a 79 on a precalculus exam, and she earned a 92 on a statistics exam. The precalculus exam had a mean score of 72.3 with a standard deviation of 8.4. On the other hand, the statistics exam had a mean score of 87.4 with a standard deviation of 11.4. Determine which exam the student earned a better score on with respect to her peers.
Carlos and Devon both accepted new jobs at different companies. Carlos's starting salary is $32,000 and Devon's starting salary is $33,000. They are curious to know who has a better starting salary when compared to the salary distributions of their new employers. A website that collects salary information from a sample of employees for a number of major employers reports that Carlos's company offers a mean salary of $54,000 with a standard deviation of $6,000. Devon's company offers a mean salary of $44,000 with a standard deviation of $4,000. Find the z-scores corresponding to each of their starting salaries. Round to two decimal places, if necessary
The average McDonald's restaurant generates $3.6 million in sales each year with a standard deviation of 0.9. Trent wants to know if the average sales generated by McDonald's restaurants in Kentucky is different than the worldwide average. He surveys 27 restaurants in Kentucky and finds the following data (in millions of dollars): 4.1, 2.8, 4.4, 4.5, 5.3, 5, 3.7, 2.9, 3.8, 4.8, 3.6, 2.3, 3.7, 2.9, 2.9, 4, 1.1, 5.2, 2.9, 5, 4, 4, 5.9, 3.2, 2.2, 4.3, 3.8 Perform a hypothesis test using a 3% level of significance. Step 1: State the null and alternative hypotheses. Ho: [? v] ? v На: ? ? v (So we will be performing a Select an answer test.) Step 2: Assuming the null hypothesis is true, determine the features of the distribution of point estimates using the Central Limit Theorem. By the Central Limit Theorem, we know that the point estimates are Select an answer v with distribution mean and distribution standard deviation Step 3: Find the p-value of the point estimate. P( ? v ? v = P( ? ♥ ?…
A hospital president claims that the average Salary of registered nurses at her hospital is more than $57,000. You test this claim by surveying 37 registered nurses at this hospital and find they have a mean salary of $57,425. Assume the population standard deviation is $1750 at the 0.10 level of significance is there enough evidence to support the claim of the hospital president?
Is it worth pursuing a doctoral degree in education if you already have an undergraduate degree? One way to help make this decision is to look at the mean incomes of these two groups. Suppose that 15 people with bachelor’s degrees in education were surveyed. Their mean annual salary was $⁢31,500 with a standard deviation of $⁢7900. Seventeen people with doctoral degrees in education were found to have a mean annual salary of $⁢47,500 with a standard deviation of $⁢6900. Assume that the population variances are not the same. Construct a 99% confidence interval to estimate the true difference between the mean salaries for people with doctoral degrees and undergraduate degrees in education. Let Population 1 be the salaries for people with doctoral degrees and Population 2 be the salaries for people with undergraduate degrees. Round the endpoints of the interval to the nearest whole number, if necessary.
Lucy recently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 120 millimeters of mercury (mmHg). Lucy believes the value is actually higher. She bases her belief on a recently reported study of 19 randomly selected, elderly females. The sample mean systolic blood pressure was 132 mmHg, and the sample standard deviation was 24 mmHg. Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that μ, the population mean systolic blood pressure among elderly females, is greater than 120 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) esc (a) State the null hypothesis H and the alternative hypothesis H₁. Ho: H₁:0 (b)…
According to the Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 64 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. (a) Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. (Enter != for # as needed.) Ho: H: (b) Using the sample from the 64 bottles, what is the test statistic? (Round your answer to three decimal places.) Using the sample from the 64 bottles, what is the p-value? (Round your answer to four decimal places.) p-value =…
. Pyramid Lake is on the Paiute Indian Reservation in Nevada. The lake is famous for cutthroat trout. Suppose a friend tells you that the average length of trout caught in Pyramid Lake is ? = 19 inches. However, the Creel Survey reported that of a random sample of 49 fish caught, themean length was ?̅= 18.5 inches, with estimated standard deviation ? = 3.2 inches. Do these data indicate that the average length of a trout caught in Pyramid Lake is less than ? = 19 inches? Use ? = 0.05.a. Do we use a Normal or a Student’s t- distribution? Explain. How many degrees of freedom do we use?b. What are the hypotheses?
A report about how American college students manage their finances includes data from a survey of college students. Each person in a representative sample of 793 college students was asked if they had one or more credit cards and if so, whether they paid their balance in full each month. There were 500 who paid in full each month. For this sample of 500 students, the sample mean credit card balance was reported to be $825. The sample standard deviation of the credit card balances for these 500 students was not reported, but for purposes of this exercise, suppose that it was $205. Is there convincing evidence that college students who pay their credit card balance in full each month have a mean balance that is lower than $907, the value reported for all college students with credit cards? Carry out a hypothesis test using a significance level of 0.01. State the appropriate null and alternative hypotheses. H0: ? = 907 Ha: ? < 907 H0: ? = 907 Ha: ? > 907 H0: ? < 907…
A public health survey was carried out to estimate the total number of alcohol bottles consumed by the population of adults in a week at Kiwanja neighbourhood. The mean was found to be 16 bottles with a standard deviation of 4 bottles. The health authorities’ guidelines advise that it is healthy for people to consume fewer than 12 bottles a week. What proportion of the population did so? It is desirable to consume between 12 and 18 bottles of alcohol a week. What proportion of people was within this range? It is known that it is dangerous to consume more than 25 bottles a week. How many adults out of a sample of 200 over consumed alcohol?
For team A, the average number of goals scored per match was 2 with standard deviation (SD) of 1.09 goals. For team B, the average number of goals scored per match was 2.5 with standard deviation (SD) of 1.25 goals. Find which team may be considered more consistent?
Christin ently switched her primary doctor to one specializing in caring for elderly patients. On her new doctor's website, it says that the mean systolic blood pressure among elderly females is 115 millimeters of mercury (mmHg). Christine believes the value is actually higher. She bases her belief on a recently reported study of 14 randomly selected, elderly females. The sample mean systolic blood pressure was 129 mmHg, and the sample standard deviation was 22 Español mmHg. Assume that the systolic blood pressures of elderly females are approximately normally distributed. Based on the study, at the 0.05 level of significance, can it be concluded that u, the population mean systolic blood pressure among elderly females, is greater than 115 mmHg? Perform a one-tailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.) (a) State the null hypothesis H and the alternative hypothesis H . H, :0…

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