Your company sells 3 lb. bags of chocolate chips to retailers in Oakland. Recently there have been complaints from one chain of stores that customers have been returning opened bags that weigh significantly less than thelabel indicated. You want to test the null hypothesis that the weight of the bags are indeed 3 Ibs. against the one-sided alternative that they are instead less than 3 Ibs. You randomly sample 225 bags from your factory.The average weight of the bags that you sample is 2.92 Ibs. with a standard deviation of 0.80 Ibs.What is the t-statistic for this test? (Note: Write answer out to the hundredths place.)Can you reject the null hypothesis in favor of the alternative at a 5% significance level?(Yes or No)Can you reject the null hypothesis in favor of the alternative at a 10% significance level?(Yes or No)What is the p-value for this test? (Note: Write answer ipercentage terms to the hundredths place.)%Construct a 95% confidence interval for the true weight of the bags that you are shipping out? (Note: Write the lower and upper bound of the confidence interval below, each to the hundredths place.)Lower Bound:Upper Bound:

Answered: Your company sells 3 lb. bags of…

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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