**Statistical Analysis Summary****1. Population and Sample Information** - **Population Standard Deviation:** 200.0000 - **Sample Size:** 16 - **Sample Mean:** 713.5625**2. Confidence Interval** - **Confidence Coefficient:** 0.95 - **Lower Limit:** Not specified - **Upper Limit:** Not specified**3. Hypothesis Test** - **Hypothesized Value:** 640 - **Test Statistic:** Not specified - **P-value (Lower Tail):** Not specified - **P-value (Upper Tail):** 0.0706 - **P-value (Two Tail):** Not specified**4. Additional Sample Statistics** - **Sample Size:** 16 - **Sample Mean:** 713.5625 - **Sample Standard Deviation:** 135.0718**5. Additional Confidence Interval** - **Confidence Coefficient:** 0.95 - **Lower Limit:** Not specified - **Upper Limit:** Not specified**6. Hypothesis Test** - **Hypothesized Value:** 640**Instructions:**Click "Save and Submit" to save and submit. Click "Save All Answers" to save all answers.**Note:** Some values such as lower and upper limits, and specific test statistic values, are not provided. Further calculations may be required to obtain these figures. **Statistical Analysis of Prescription Drug Spending**The analysis of prescription drug spending involved a sample size of 16 individuals. The following are the key statistical outputs from the analysis:- **Sample Size:** 16- **Sample Mean:** 713.5625- **Sample Standard Deviation:** 135.0718**Confidence Interval:**- **Confidence Coefficient:** 0.95- **Lower Limit:** Not specified- **Upper Limit:** Not specified**Hypothesis Test:**- **Hypothesized Value:** 640- **Test Statistic:** Not directly specified in the table- **P-value (Lower Tail):** Not provided- **P-value (Upper Tail):** 0.0229- **P-value (Two Tail):** Not directly specified in the table**Hypothesis Testing Context:**The Hospital Care Cost Institute conducted a study on 16 individuals to record their yearly prescription drug spending. Assuming a population standard deviation of $200, the objective is to determine if the average annual spending on prescription drugs is more than $640 at a 0.025 significance level. **Question:**For the hypothesis stated, what is the test statistic?- a. 3.6442- b. 2.1785- c. None of the answers is correct- d. 1.4713- e. 2.4370To find the correct test statistic, refer to the analysis provided. The appropriate choice must align with the data and the significance level provided.

Name: **Statistical Analysis Summary****1. Population and Sample Informatio
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Description: **Statistical Analysis Summary****1. Population and Sample Information** - **Population Standard Deviation:** 200.0000 - **Sample Size:** 16 - **Sample Mean:** 713.5625**2. Confidence Interval** - **Confidence Coefficient:** 0.95 - **Lower

The provided information is: Population standard deviationσ=200 Sample size(n)=16 Sample…

Math

Statistics

Sample Size Sample Mean Sample Standard Deviation 16 713.5625 135.0718 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value 640 Test Statistic Pvalue (Lower Tall) 0.0229 Pvalue (Upper Tall) P.value (Two Tail) The Hospital Care Cost Institute randomly selected 16 individuals, recorded the amount spent each year on prescription drugs, then put this inform Assume a population standard deviation of $200. Can you reject the hypothesis that the average amount spent per person each year on prescripti most $640 at a,025? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the test statistic? Oa. 3.6442 Ob. 2.1785 CC None of the answers is correct Od. 1.4713 Oe. 2.4370

Sample Size Sample Mean Sample Standard Deviation 16 713.5625 135.0718 Confidence Interval Confidence Coefficient 0.95 Lower Limit Upper Limit Hypothesis Test Hypothesized Value 640 Test Statistic Pvalue (Lower Tall) 0.0229 Pvalue (Upper Tall) P.value (Two Tail) The Hospital Care Cost Institute randomly selected 16 individuals, recorded the amount spent each year on prescription drugs, then put this inform Assume a population standard deviation of $200. Can you reject the hypothesis that the average amount spent per person each year on prescripti most $640 at a,025? Based on this paragraph of text, use the correct excel output above to answer the following question. For the hypothesis stated above, what is the test statistic? Oa. 3.6442 Ob. 2.1785 CC None of the answers is correct Od. 1.4713 Oe. 2.4370

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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