STAT TECH IN BUSINESS & ECON LL\AC
18th Edition
ISBN: 9781264720545
Author: Lind
Publisher: MCG
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Chapter 12, Problem 4P
a.
To determine
State the hypotheses.
b.
To determine
The decision rule.
c.
To determine
Find the decision.
d.
To determine
Interpret the context of the study.
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MEDICO Corporation makes several portable electronic devices used in hospitals. Some of these products require rechargeable batteries that MEDICO purchases from various suppliers. Although they try to find them at the best price, they must also consider the quality. In one case, two suppliers were being considered, and batteries were selected from various purchase dates. A test was run on the time the batteries would last in a certain device before it had to be recharged. The results are given in the table below.
Sample Statistics for Survey of Batteries
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Number of Batteries Used in Test
Mean Life
Standard Deviation
Power+
45
24 hours
5.1 hours
Electro
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22 hours
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a) Set up the null and alternative hypotheses to see if the data supports the conclusion that the rechargeable batteries sold by Power+ last longer. b) Check the conditions. c) Calculate the test statistic. d) Find the p-value. e) Using α = 0.05, state your conclusion in…
AUA wants to know whether recent alumni students from MBA class earn significantly more than recent alumni from BAB class. They take a sample of several students and ask the amount of their monthly salaries in USD (Sheet 32). What can AUA conclude at alpha=0.05?
Sheet 32
MBA
BAB
515
300
450
420
620
380
630
450
570
420
590
490
750
510
560
470
480
530
250
570
320
480
450
620
625
190
350
280
450
350
570
250
Select one:
a.
t(stat)=1.92, which is greater than t(cr)=1.7, therefore, we can conclude that MBA graduates earn more BAB graduates.
b.
t(stat)=1.89, which is greater than t(cr)=1.75, therefore, we can conclude that MBA graduates earn more BAB graduates.
c.
t(stat)=2.07, which is greater than t(cr)=1.69, therefore, we cannot conclude that MBA graduates earn more BAB graduates.
d.
t(stat)=2.07, which is greater than t(cr)=1.69, therefore, we can conclude that MBA graduates earn more BAB graduates.
Chapter 12 Solutions
STAT TECH IN BUSINESS & ECON LL\AC
Ch. 12 - Steele Electric Products Inc. assembles cell...Ch. 12 - What is the critical F value when the sample size...Ch. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4ECh. 12 - Prob. 5ECh. 12 - Prob. 6ECh. 12 - Prob. 2SRCh. 12 - Prob. 7ECh. 12 - Prob. 8E
Ch. 12 - Prob. 9ECh. 12 - Prob. 10ECh. 12 - Prob. 3SRCh. 12 - Prob. 11ECh. 12 - The following are six observations collected from...Ch. 12 - Prob. 13ECh. 12 - Prob. 14ECh. 12 - Prob. 4SRCh. 12 - Prob. 15ECh. 12 - For exercises 15 and 16, conduct a test of...Ch. 12 - Prob. 17ECh. 12 - Prob. 18ECh. 12 - Prob. 5SRCh. 12 - Prob. 19ECh. 12 - Prob. 20ECh. 12 - Prob. 21ECh. 12 - Prob. 22ECh. 12 - Prob. 23CECh. 12 - Prob. 24CECh. 12 - Prob. 25CECh. 12 - Prob. 26CECh. 12 - In an ANOVA table, the MSE is equal to 10. Random...Ch. 12 - Prob. 28CECh. 12 - Prob. 29CECh. 12 - Prob. 30CECh. 12 - Prob. 31CECh. 12 - Prob. 32CECh. 12 - Prob. 33CECh. 12 - Prob. 34CECh. 12 - Prob. 35CECh. 12 - Prob. 36CECh. 12 - Prob. 37CECh. 12 - Prob. 38CECh. 12 - Prob. 39CECh. 12 - Prob. 40CECh. 12 - Prob. 41CECh. 12 - Prob. 42CECh. 12 - Prob. 43CECh. 12 - Prob. 44CECh. 12 - Prob. 45CECh. 12 - Prob. 46CECh. 12 - Prob. 47CECh. 12 - Prob. 48CECh. 12 - Prob. 50DACh. 12 - Prob. 51DACh. 12 - Prob. 1PCh. 12 - Prob. 2PCh. 12 - Prob. 3PCh. 12 - Prob. 4PCh. 12 - Prob. 5PCh. 12 - Prob. 6PCh. 12 - Prob. 7PCh. 12 - Prob. 1CCh. 12 - Prob. 2CCh. 12 - Prob. 1.1PTCh. 12 - The likelihood of rejecting a true null hypothesis...Ch. 12 - Prob. 1.3PTCh. 12 - Prob. 1.4PTCh. 12 - Prob. 1.5PTCh. 12 - Prob. 1.6PTCh. 12 - In a two-tailed test, the rejection region is...Ch. 12 - Prob. 1.8PTCh. 12 - Prob. 1.9PTCh. 12 - Prob. 1.10PTCh. 12 - Prob. 2.1PTCh. 12 - Prob. 2.2PTCh. 12 - Prob. 2.3PT
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