Suppose you work for a smoothie shop and you want to assess whether the average transactionvalue at your shop is different from the competing smoothie shop on the other block. To do so,you randomly sample 19 of your shop's transactions and record a sample average of $9.75 andsample standard deviation of $3.50. You then collect data on 15 randomly selected transactionsfrom the competing smoothie shop. This sample has a mean of $11.00 and a standard deviation of$4.70.What is the null hypothesis for the test of whether there is a difference between your shop'saverage transaction value versus the average transaction value of the competing smoothie shop?

Answered: Image /qna-images/answer/156f4fb7-5745-4a47-8a77-86eac0662c2f.jpg

Answered: Suppose you work for a smoothie shop…

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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Two students, Donald and Martin, want to find out who has the higher GPA when compared to each of their schools. Donald has a GPA of 3.85, and his school has a mean GPA of 3.25 and a standard deviation of 0.4. Martin has a GPA of 3.75, and his school has a mean of 3.1 and a standard deviation of 0.5. Who has the higher GPA when compared to each of their schools?
An adventure company runs two obstacle courses, Fundash and Coolsprint. The designer of the courses suspects that the mean completion time of Fundash is not equal to the mean completion time of Coolsprint. To test this, she selects 205 Fundash runners and 300 Coolsprint runners. (Consider these as random samples of the Fundash and Coolspring runners.) The 205 Fundash runners complete the course with a mean time of 76.7 minutes and a standard deviation of 5.3 minutes. The 300 Coolsprint runners complete the course with a mean time of 77.5 minutes and a standard deviation of 5.1 minutes. Assume that the population standard deviations of the completion times can be estimated to be the sample standard deviations, since the samples that are used to compute them are quite large. At the 0.05 level of significance, is there enough evidence to support the claim that the mean completion time, ,, of Fundash is not equal to the mean completion time, μ₂, of Coolsprint? Perform a two-tailed test.…
A professor believes that, for the introductory art history classes at his university, the mean test score of students in the evening classes is lower than the mean test score of students in the morning classes. He collects data from a random sample of 250 students in evening classes and finds that they have a mean test score of 76.8. He knows the population standard deviation for the evening classes to be 7.2 points. A random sample of 200 students from morning classes results in a mean test score of 77.8. He knows the population standard deviation for the morning classes to be 1.9 points. Test his claim with a 90% level of confidence. Let students in the evening classes be Population 1 and let students in the morning classes be Population 2. Step 1 of 3 : State the null and alternative hypotheses for the test. Fill in the blank below. H0: μ1=μ2 Ha: μ1__μ2
An adventure company runs two obstacle courses, Fundash and Coolsprint. The designer of the courses suspects that the mean completion time of Fundash is not equal to the mean completion time of Coolsprint. To test this, she selects 250 Fundash runners and 285 Coolsprint runners. (Consider these as random samples of the Fundash and Coolspring runners.) The 250 Fundash runners complete the course with a mean time of 76.7 minutes and a standard deviation of 5.7 minutes. The 285 Coolsprint runners complete the course with a mean time of 77.5 minutes and a standard deviation of 5.6 minutes. Assume that the population standard deviations of the completion times can be estimated to be the sample standard deviations, since the samples that are used to compute them are quite large. At the 0.05 level of significance, is there enough evidence to support the claim that the mean completion time, u, of Fundash is not equal to the mean completion time, µa, of Coolsprint? Perform a two-tailed test.…
Do question 1
It is known that average house prices today is $371,040 higher compared to 10 years ago and median in the current time also $382,000 higher than house prices 10 years ago. Provide an interpretation of the change of mean and median based on the information above. Compare and contrast these values and comment on the distribution of the increases in house prices.
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A personnel psychologist has to decide which of three employees to place in a particular job that requires a high level of coordination. All three employees have taken tests of coordination, but each took a different test. Employee A scored 15 on a test with a mean of 10 and a standard deviation of 2; Employee B scored 350 on a test with a mean of 300 and a standard deviation of 40; and Employee C scored 108 on a test with a mean of 100 and a standard deviation of 16. (On all three tests, higher scores mean greater coordination.) Which employee has the best coordination? (hint: convert raw scores to z scores and compare) Select one: a. Employee A b. Employee B c. Employee C Clear my choice
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An adventure company runs two obstacle courses, Fundash and Coolsprint. The designer of the courses suspects that the mean completion time of Fundash is not equal to the mean completion time of Coolsprint. To test this, she selects 240 Fundash runners and 200 Coolsprint runners. (Consider these as random samples of the Fundash and Coolspring runners.) The 240 Fundash runners complete the course with a mean time of 76.7 minutes and a standard deviation of 5.2 minutes. The 200 Coolsprint runners complete the course with a mean time of 77.5 minutes and a standard deviation of 5.4 minutes. Assume that the population standard deviations of the completion times can be estimated to be the sample standard deviations, since the samples that are used to compute them are quite large. At the 0.05 level of significance, is there enough evidence to support the claim that the mean completion time, μ1 , of Fundash is not equal to the mean completion time, μ2 , of Coolsprint?…

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