Basic Business Statistics, Student Value Edition (13th Edition)
Basic Business Statistics, Student Value Edition (13th Edition)
13th Edition
ISBN: 9780321946393
Author: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
Publisher: PEARSON
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Chapter 7, Problem 6PS

a.

To determine

Describe the shape of the sampling distribution of X¯ if n=4 .

b.

To determine

Describe the shape of the sampling distribution of X¯ if n=100 .

c.

To determine

Determine the probability that the sample mean will be less than $315,000 .

d.

To determine

Determine the probability that the sample mean will lie between $295,000 and $310,000 .

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You receive a brochure from a large university. The brochure indicates that the mean class size for full-time faculty is fewer than 31 students. You want to test this claim. You randomly select 18 classes taught by full-time faculty and determine the class size of each. The results are shown in the table below. At α = 0.05, can you support the university's claim? Complete parts (a) through (d) below. Assume the population is normally distributed. 36 28 25 27 29 35 32 39 31 28 380 22 26 29 24 27 24 30吋 24 (a) Write the claim mathematically and identify Ho and Ha. Which of the following correctly states Ho and H₂? ○ A. Ho: μ31 Нa: μ≤31 E. Ho: "=31 Ha: μ 31 OF. Ho: μ=31 Нa: μ31
Test the claim about the population mean μ at the level of significance α. Assume the population is normally distributed. μ Claim: <4715; α = 0.05 Sample statistics: x = 4917, s = 5501, n = 54 What are the null and alternative hypotheses? Ho: Ha (Type integers or decimals. Do not round.) Find the standardized test statistic t. t = ☐ (Round to two decimal places as needed.) Find the P-value. P = (Round to three decimal places as needed.) Decide whether to reject or fail to reject the null hypothesis. Choose the correct answer below. Ho. There enough evidence at the ☐ % level of significance to Fail to reject Reject .... the claim.
A politician claims that the mean salary for managers in his state is more than the national mean, $85,000. Assume the the population is normally distributed and the population standard deviation is $8700. The salaries (in dollars) for a random sample of 30 managers in the state are listed. At α = 0.01, is there enough evidence to support the claim? Use technology. 92,421 81,412 85,143 97,220 99,317 71,884 97,762 86,108 98,385 73,869 81,391 95,997 98,828 86,476 77,893 74,995 90,472 81,330 92,183 94,649 77,880 91,821 90,907 84,640 78,479 81,703 89,573 89,948 70,938 81,300 (a) Identify the null hypothesis and alternative hypothesis. O A. Ho: " =85,000 Нa: μ85,000 D. Hoi u >85,000 Нa: μ≤85,000 (b) Identify the standardized test statistic. Z= B. Hoμ≥85,000 Haμ85,000 Haμ≤85,000 (Round the final answer to two places as needed. Round all intermediate values to three places as needed.) (c) Find the P-value. Use technology. (Round to three decimal places as needed.) (d) Decide whether to reject…

Chapter 7 Solutions

Basic Business Statistics, Student Value Edition (13th Edition)

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