Net assets for the 50 packaged beverage companies represent a median value of $ 10 million.Examples of 10 carbonated beverage companies from 50 packaged beverage companies are as follows (table below):CompanyNet Asset ($ million)A6.1B11.7C22.4D9.6E9.6F14.5G15.0H6.6I6.9J4.9Using the median, can we conclude that the ten carbonated beverage companies have less net assets than packaged beverage companies' net assets?use:a. What is the hypothesis for this test? b. Determine the p-value? What's your conclusion?

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Answered: Net assets for the 50 packaged beverage…

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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Net assets for the 50 packaged beverage companies represent a median value of $ 10 million.

Examples of 10 carbonated beverage companies from 50 packaged beverage companies are as follows (table below):

Company	Net Asset ($ million)
A	6.1
B	11.7
C	22.4
D	9.6
E	9.6
F	14.5
G	15.0
H	6.6
I	6.9
J	4.9

Using the median, can we conclude that the ten carbonated beverage companies have less net assets than packaged beverage companies' net assets?

use:a. What is the hypothesis for this test?

b. Determine the p-value? What's your conclusion?

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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