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QUESTION 7 If the estimate being tested is less than the benchmark, you should conduct a sample hypothesis test. one- two tail right tail left tail no tail All of the choices above None of the choices QUESTION 8 If the estimate is 29 and the benchmark is 28, because of the probability that the estimate suffers from some random sampling error, it would be logical to ask probably due to random sampling error? or is the difference is the estimate probably greater than the benchmark is the estimate greater than the benchmark is the benchmark wrong is alpha too low All of the choices above None of the choices

QUESTION 7 If the estimate being tested is less than the benchmark, you should conduct a sample hypothesis test. one- two tail right tail left tail no tail All of the choices above None of the choices QUESTION 8 If the estimate is 29 and the benchmark is 28, because of the probability that the estimate suffers from some random sampling error, it would be logical to ask probably due to random sampling error? or is the difference is the estimate probably greater than the benchmark is the estimate greater than the benchmark is the benchmark wrong is alpha too low All of the choices above None of the choices

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Please confirm if my answer to question 7 is correct and please answer question 8. Thanks ??
QUESTION 7 If the estimate being tested is less than the benchmark, you should conduct a sample hypothesis test. one- two tail right tail O left tail no tail All of the choices above None of the choices QUESTION 8 If the estimate is 29 and the benchmark is 28, because of the probability that the estimate suffers from some random sampling error, it would be logical to ask probably due to random sampling error? or is the difference is the estimate probably greater than the benchmark is the estimate greater than the benchmark is the benchmark wrong is alpha too low All of the choices above None of the choices
Transcribed Image Text:QUESTION 7 If the estimate being tested is less than the benchmark, you should conduct a sample hypothesis test. one- two tail right tail O left tail no tail All of the choices above None of the choices QUESTION 8 If the estimate is 29 and the benchmark is 28, because of the probability that the estimate suffers from some random sampling error, it would be logical to ask probably due to random sampling error? or is the difference is the estimate probably greater than the benchmark is the estimate greater than the benchmark is the benchmark wrong is alpha too low All of the choices above None of the choices
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