QUESTION 3 If you rejected Ho at the 0.10 level of significance, then O you may reject it at the 0.05 level O you must reject it at the 0.01 level O you will not reject it at the 0.05 level O you will not reject it at the 0.01 level QUESTION 4 A retail store wants to start a delivery service, which will not be financially effective unless the average order is 450 AED. They conducted a test, with 5% significance level, and the resultant p-value was 0.045. If the true average of the bill is 450 AED, which of the following describes the test? O They committed Type I error O They need more information O They committed Type Il error O They took a correct decision QUESTION 5 An online website for selling used cars reported that the mean price of a three-year-old sports vehicle (in good condition) is less than 100,000 AED. You wanted to test this claim and selected a random sample of 200 similar vehicles and found their mean price is 108,000 AED and a standard deviation of 4500 AED. Which test would be appropriate for this test? ONeither one-sample z-test nor one-sample t-test O One-sample z-test O One-sample t-test O Either one-sample z-test or one-sample t-test

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
QUESTION 3
If you rejected Ho at the 0.10 level of significance, then
O you may reject it at the 0.05 level
O you must reject it at the 0.01 level
O you will not reject it at the 0.05 level
O you will not reject it at the 0.01 level
QUESTION 4
A retail store wants to start a delivery service, which will not be financially effective unless the average order is 450 AED. They conducted a test, with
5% significance level, and the resultant p-value was 0.045. If the true average of the bill is 450 AED, which of the following describes the test?
O They committed Type I error
O They need more information
O They committed Type Il error
O
They took a correct decision
QUESTION 5
An online website for selling used cars reported that the mean price of a three-year-old sports vehicle (in good condition) is less than 100,000
AED. You wanted to test this claim and selected a random sample of 200 similar vehicles and found their mean price is 108,000 AED and a
standard deviation of 4500 AED. Which test would be appropriate for this test?
O Neither one-sample z-test nor one-sample t-test
O One-sample z-test
O One-sample t-test
O Either one-sample z-test or one-sample t-test
Transcribed Image Text:QUESTION 3 If you rejected Ho at the 0.10 level of significance, then O you may reject it at the 0.05 level O you must reject it at the 0.01 level O you will not reject it at the 0.05 level O you will not reject it at the 0.01 level QUESTION 4 A retail store wants to start a delivery service, which will not be financially effective unless the average order is 450 AED. They conducted a test, with 5% significance level, and the resultant p-value was 0.045. If the true average of the bill is 450 AED, which of the following describes the test? O They committed Type I error O They need more information O They committed Type Il error O They took a correct decision QUESTION 5 An online website for selling used cars reported that the mean price of a three-year-old sports vehicle (in good condition) is less than 100,000 AED. You wanted to test this claim and selected a random sample of 200 similar vehicles and found their mean price is 108,000 AED and a standard deviation of 4500 AED. Which test would be appropriate for this test? O Neither one-sample z-test nor one-sample t-test O One-sample z-test O One-sample t-test O Either one-sample z-test or one-sample t-test
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman