State whether the test is one-tailed test or two-tailed test.

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Answer 1

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Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

b.

To determine

Determine the decision rule.

c.

To determine

Find the value of the test statistics

d.

To determine

Determine the decision regarding H0.

e.

To determine

Find the p-value.

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Consider the following hypothesis test. The following results are for two independent samples taken from the two populations. Sample 1 Sample 2 n 1 = 80 n 2 = 70 x 1 = 104 x 2 = 106 σ 1 = 8.4 σ 2 = 7.6 What is the value of the test statistic? If required enter negative values as negative numbers (to 2 decimals). What is the p-value (to 4 decimals)? Use z-table. With = .05, what is your hypothesis testing conclusion?

Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). Higher ratings on the client satisfaction survey indicate better service with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use = .05 and test to see whether the consultant with more experience has the higher population mean service rating. Consultant A Consultant B = 16 = 10 = 6.82 = 6.25 = .64 = .75 State the null and alternative hypotheses.H0: 1 - 2 Ha: 1 - 2 Compute the value of the test statistic (to 2 decimals). What is the p-value?The p-value is What is your conclusion?

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Answer 2

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Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

b.

To determine

Determine the decision rule.

c.

To determine

Find the value of the test statistics

d.

To determine

Determine the decision regarding H0.

e.

To determine

Find the p-value.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

b.

To determine

Determine the decision rule.

c.

To determine

Find the value of the test statistics

d.

To determine

Determine the decision regarding H0.

e.

To determine

Find the p-value.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

b.

To determine

Determine the decision rule.

c.

To determine

Find the value of the test statistics

d.

To determine

Determine the decision regarding H0.

e.

To determine

Find the p-value.

Expert Solution & Answer

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Answer 5

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

b.

To determine

Determine the decision rule.

c.

To determine

Find the value of the test statistics

d.

To determine

Determine the decision regarding H0.

e.

To determine

Find the p-value.

Answer 6

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

Answer 7

Chapter 11, Problem 1E

a.

To determine

State whether the test is one-tailed test or two-tailed test.

Answer 8

b.

To determine

Determine the decision rule.

Answer 9

b.

To determine

Determine the decision rule.

Answer 10

c.

To determine

Find the value of the test statistics

Answer 11

c.

To determine

Find the value of the test statistics

Answer 12

d.

To determine

Determine the decision regarding H0.

Answer 13

d.

To determine

Determine the decision regarding H0.

Answer 14

e.

To determine

Find the p-value.

Answer 15

e.

To determine

Find the p-value.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 11 - Tom Sevits is the owner of the Appliance Patch....Ch. 11 - Prob. 1E Ch. 11 - Prob. 2E Ch. 11 - Prob. 3E Ch. 11 - As part of a study of corporate employees, the...Ch. 11 - Prob. 5E Ch. 11 - Mary Jo Fitzpatrick is the vice president for...Ch. 11 - Prob. 2SR Ch. 11 - Prob. 7E Ch. 11 - For Exercises 7 and 8: (a) state the decision...

State whether the test is one-tailed test or two-tailed test.

Solution Summary: The author states whether the test is one-tailed or two-Tailed. The alternative hypothesis states that there is evidence that the mean amount is actually not equal.

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State whether the test is one-tailed test or two-tailed test.

Determine the decision rule.

Find the value of the test statistics

Determine the decision regarding H0.

Find the p-value.

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Chapter 11 Solutions