Answered: The owners of the Metro Cash & Carry…

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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The owners of the Metro Cash & Carry wished to study customers’ shopping habits. From earlier studies, the owners were under the impression that a typical shopper spends 0.7 hour at the mall, with a standard deviation of 0.10 hour. Recently the owners added some specialty restaurants designed to keep shoppers in the mall longer. A research team was hired to evaluate the effects of the restaurants. A sample of 45 shoppers by the team revealed that the mean time spent in the mall had increased to 0.80 hour. i. Develop a hypothesis test to determine if the mean time spent in the mall changed. Use the .10 significance level. ii. Suppose the mean shopping time actually increased from 0.75 hour to 0.79 hours. What is the probability of making a Type II error? iii)When research team reported the information in part (b) to the mall owners, the owners believed that the probability of making a Type II error was too high. How could this probability be reduced? plz sove it in all six steps like test statistics , computations, interpretation,level of significance etc

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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