Statistics for Business & Economics, Revised (MindTap Course List)
12th Edition
ISBN: 9781285846323
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: South-Western College Pub
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Chapter 22.4, Problem 5E
a.
To determine
Develop an approximate 95% confidence interval for the population
b.
To determine
Develop an approximate 95% confidence interval for the total value of all 771 SBA loans in North Carolina.
c.
To determine
Develop approximate 95% confidence interval for the proportion of loans involving manufacturing companies.
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9.2 Testing the Mean mu:
Problem 3
(1 point)
Test the claim that the population of sophomore college
students has a mean grade point average greater than 2.2.
Sample statistics include n = 71, x = 2.44, and s = 0.9.
Use a significance level of a = 0.01.
The test statistic is
The P-Value is between :
The final conclusion is
< P-value <
A. There is sufficient evidence to support the claim that
the mean grade point average is greater than 2.2.
○ B. There is not sufficient evidence to support the claim
that the mean grade point average is greater than 2.2.
Note: You can earn partial credit on this problem.
Note: You are in the Reduced Scoring Period. All work counts for
50% of the original.
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Chapter 22 Solutions
Statistics for Business & Economics, Revised (MindTap Course List)
Ch. 22.4 - Simple random sampling was used to obtain a sample...Ch. 22.4 - Prob. 2ECh. 22.4 - Prob. 3ECh. 22.4 - Prob. 4ECh. 22.4 - Prob. 5ECh. 22.4 - Prob. 6ECh. 22.5 - A stratified simple random sample was taken with...Ch. 22.5 - Prob. 8ECh. 22.5 - Prob. 9ECh. 22.5 - Prob. 10E
Ch. 22.5 - A drug store chain has stores in four cities: 38...Ch. 22.5 - Prob. 12ECh. 22.5 - Prob. 13ECh. 22.6 - A sample of four clusters is to be taken from a...Ch. 22.6 - A sample of six clusters is to be taken from a...Ch. 22.6 - Prob. 16ECh. 22.6 - Prob. 17ECh. 22 - To assess consumer acceptance of a new series of...Ch. 22 - Prob. 19SECh. 22 - A quality of life survey was conducted with...Ch. 22 - A U.S. Senate Judiciary Committee report showed...Ch. 22 - Refer again to the data in exercise 21. a. Develop...Ch. 22 - Prob. 23SECh. 22 - Prob. 24SE
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