The price of a certain combo meal at different franchises of a national fast food company varies from $5.00 to $17.33 and has a knownstandard deviation of $2.23. A sample of 25 students in an online course that includes students across the country stated that theiraverage price is $5.75. The students have also stated that they are generally unwilling to pay more than $6.50 for this meal. Formulateand conduct a hypothesis test to determine if you can conclude that the population mean is less than $6.50. Use a level of significanceof 0.01......Is there sufficient evidence at the 0.01 level of significance that the population mean is less than $6.50?Determine the null hypothesis, Ho, and the alternative hypothesis, H,.Ho: H6.5H,:6.5(Type integers or decimals. Do not round.)Compute the test statistic.- 1.68 (Round to two decimal places as needed.)Find the p-value for the test.(Round to three decimal places as needed.)State the conclusion.The p-value isthe chosen value of a, sothe null hypothesis. There isevidence to concludethat the population mean is less than $6.50

Solution-: Given: We find, (a) Hypothesis (b) Test statistic=? (c) p-value=?

Answered: The price of a certain combo meal at…

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 average starting salary of students who graduated from colleges of Business in 2009 was $48,800. A sample of 100 graduates of 2010 showed an average starting salary of $50,000. Assume the standard deviation of the population is known to be $7000. We want to determine whether or not there has been a significant increase in the starting salaries. a. State the null and alternative hypotheses to be tested. b. Compute the test statistic. c. The null hypothesis is to be tested at the 5% level of significance. Determine the critical value for this test. d. What do you conclude from the test? e. What does the test result mean in the context of this problem?
According to the Vivino website, suppose the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New England-based lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 64 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. (a) Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. (Enter != for # as needed.) Ho: H: (b) Using the sample from the 64 bottles, what is the test statistic? (Round your answer to three decimal places.) Using the sample from the 64 bottles, what is the p-value? (Round your answer to four decimal places.) p-value =…
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase daily sales. To determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. They found that the average daily sales were $6,300 per day. From past history, the restaurant knew that its population standard deviation is about $1,000. The restaurant wishes to test whether sales have increased as a result of the advertising campaign. If the level of significance is 0.05, what is the decision? Multiple Choice Fail to reject the null hypothesis. Reject the null hypothesis and conclude the mean is higher than $6,000 per day. Reject the null hypothesis and conclude the mean is lower than $6,000 per day. Reject the null hypothesis and conclude that the mean is equal to $6,000 per day.
the mean charge for satellite television for a sample of households was $87.50 per month, with a standard deviation of $14.50 per month. Estimate the percent of satellite television charges between $73.00 and $102.00
Beer Drinking. The mean annual consumption of beer per person in the US is 22.0 gallons . A random sample of 300 Washington D.C. residents yielded a mean annual beer consumption of 27.8 gallons. At the 10% significance level, do the data provide sufficient evidence to conclude that the mean annual consumption of beer per person for the nation’s capital differs from the national mean? Assume that the standard deviation of annual beer consumption for Washington D.C. residents is 55 gallons.
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Answer quickly please. Need answer ASAP. A study was made to determine if the subject matter in a physics course is better understood when a lab constitutes part of the course. Students were randomly selected to participate in either a 3-semester-hour course without labs or a 4-semester-hour course with labs. In the section with labs, 17 students made an average grade of 85 with a standard deviation of 4.7, and in the section without labs, 17 students made an average grade of 79 with a standard deviation of 6.1. Construct 90% confidence interval for the difference of the mean grades between the two physics courses. Based on your interval, would you say that the laboratory course increases the average grade? Assume the populations to be approximately normally distributed.
Decide if the given claim represents the null or alternative hypothesis. a. A governor claimed that more than 76% of residents welcomed the stat-at-home order. The claim would be the alternative hypothesis. b. Hospitals claimed that they did not have the PPE required to keep their personnel safe. This could not be used as a null or alternative hypothesis. c. A Capitol High School spokesperson said that the SAT standard deviation was 22.5 points. The claim would be the alternative hypothesis. d. The senator claimed that unemployment in his state was greater than 18%. The claim would be the alternative hypothesis. e. She thought that on average she spent fewer than 12 hours a week on homework. The claim would be the null hypothesis.
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Assume a media agency reports that it takes television streaming service subscribers in the U.S. an average of 6.60 days to watch the entire first season of a television series, with a standard deviation of 4.21 days. Scarlett is an analyst for an online television and movie streaming service company that targets to the 18-50 age bracket. She wants to determine if her company's customers exhibit shorter viewing rates for their series offerings. Scarlett plans to conduct a one-sample ?-z-test, with significance level of ?=0.05α=0.05, to test the null hypothesis, ?0:?=6.60 daysH0:μ=6.60 days, against the alternative hypothesis, ?1:?<6.60 days.H1:μ<6.60 days. The variable ?μ is the mean amount of time, in days, that it takes for customers to watch the first season of a television series. Scarlett selects a simple random sample of 740 customers who watched the first season of a television series from the company database of over 25,000 customers that qualified. She compiles the…

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