The work week for adults in the US that work full time is normally distributed with a mean of 47 hours. A newly hired engineer at a start-up company believes that employees at start-up companies work more on average then most working adults in the US. She asks 12 engineering friends at start-ups for the lengths in hours of their work week. Their responses are shown in the table below. Test the claim using a 10% level of significance. Give answer to at least 4 decimal places. Hours 48 46 53 51 49 68 47 60 48 49 52 55 What are the correct hypotheses? Ho: Select an answer hours H1: Select an answer hours Based on the hypotheses, find the following: Test Statistic= p-value= The correct decision is to Select an answer The correct summary would be: O that the mean number of Select an answer hours of all employees at start-up companies work more than the US mean of 47 hours.
Addition Rule of Probability
It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.
Expected Value
When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known as the expectation, is denoted by: E(X).
Probability Distributions
Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosing a card. Each of these events has multiple possibilities. Every such possibility is measured with the help of probability. To be more precise, the probability is used for calculating the occurrence of events that may or may not happen. Probability does not give sure results. Unless the probability of any event is 1, the different outcomes may or may not happen in real life, regardless of how less or how more their probability is.
Basic Probability
The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the probability value 1 indicates that the event will occur. Sum of the probability value must be 1. The probability value is never a negative number. If it happens, then recheck the calculation.
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