Rolex claims that its watches on average will neither gain nor lose time during a week. A sample of 18 watches provided the following gains (+) or losses (−) in seconds per week.Seconds-0.32-0.20-0.38-0.320.32-0.230.300.25-0.25-0.31-0.61-0.48-0.47-0.44-0.04-0.20-0.680.05Is it reasonable to conclude that the mean gain or loss in time for the watches is 0? Use the .05 significance level.Based on the information above, find the Test statistics?-2.10982.1098-3.1970.0698

The question is about hypothesis testing.Given :Sample no. of watches ( n ) = 18

Answered: olex claims that its watches on average…

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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Rolex claims that its watches on average will neither gain nor lose time during a week. A sample of 18 watches provided the following gains (+) or losses (−) in seconds per week.

Seconds
-0.32
-0.20
-0.38
-0.32
0.32
-0.23
0.30
0.25
-0.25
-0.31
-0.61
-0.48
-0.47
-0.44
-0.04
-0.20
-0.68
0.05

Is it reasonable to conclude that the mean gain or loss in time for the watches is 0? Use the .05 significance level.

Based on the information above, find the Test statistics?

-2.1098

2.1098

-3.197

0.0698

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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