An Introduction to Mathematical Statistics and Its Applications (6th Edition)
An Introduction to Mathematical Statistics and Its Applications (6th Edition)
6th Edition
ISBN: 9780134114217
Author: Richard J. Larsen, Morris L. Marx
Publisher: PEARSON
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Chapter 14.2, Problem 3Q

Below are n = 50 computer-generated observations that are presumably a random sample from the exponential pdf, f Y ( y ) = e y , y 0. Use Theorem 14.2.1 to test whether the difference between the sample median for these y i ' s ( = 0.604 ) and the true median of f Y ( y ) is statistically significant. Let a = 0.05.

0 .27187 0 .46495 0 .19368 0 .80433 1 .25450 0 .62962 1 .88300  1 .31951 2 .53918 1 .21187 0 .95834 0 .49017 0 .87230 0 .88571  1 .41717 1 .75994 0 .60280 2 .19654 0 .00594 4 .11127 0 .24130  0 .16473 0 .08178 1 .01424 0 .60511 0 .87973 0 .06127 0 .24758  0 .54407 0 .05267 0 .75210 0 .13538 0 .42956 0 .02261 1 .20378  1 .09271 1 .88705 0 .17500 0 .50194 0 .52122 0 .02915 0 .27348  0 .08916 0 .72997 0 .37185 0 .06500 1 .47721 4 .02733 0 .64003  0 .05603

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A retail store manager claims that the average daily sales of the store are $1,500. You aim to test whether the actual average daily sales differ significantly from this claimed value. You can provide your answer by inserting a text box and the answer must include: Null hypothesis, Alternative hypothesis, Show answer (output table/summary table), and Conclusion based on the P value. Showing the calculation is a must. If calculation is missing,so please provide a step by step on the answers Numerical answers in the yellow cells
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