Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

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Answer 1

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Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

b.

To determine

Check whether the decision is close or not.

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A polling organization reported data from a survey of 2000 randomly selected Canadians who carry debit cards. Participants in this survey were asked what they considered the minimum purchase amount for which it would be acceptable to use a debit card. Suppose that the sample mean and standard deviation were $9.14 and $7.70, respectively. (These values are consistent with a histogram of the sample data that appears in the report.)Do these data provide convincing evidence that the mean minimum purchase amount for which Canadians consider the use of a debit card to be appropriate is less than $10? Carry out a hypothesis test with a significance level of 0.01. (Use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to four decimal places.) t = P-value = State your conclusion. Reject H0. We do not have convincing evidence that the mean minimum purchase amount for which Canadians consider it…

A polling organization reported data from a survey of 2000 randomly selected Canadians who carry debit cards. Participants in this survey were asked what they considered the minimum purchase amount for which it would be acceptable to use a debit card. Suppose that the sample mean and standard deviation were $9.19 and $7.10, respectively. (These values are consistent with a histogram of the sample data that appears in the report.)Do these data provide convincing evidence that the mean minimum purchase amount for which Canadians consider the use of a debit card to be appropriate is less than $10? Carry out a hypothesis test with a significance level of 0.01. (Use a statistical computer package to calculate the P-value. Round your test statistic to two decimal places and your P-value to four decimal places.) t = P-value = State your conclusion. Reject H0. We have convincing evidence that the mean minimum purchase amount for which Canadians consider it acceptable to use…

Answer 2

Question

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

b.

To determine

Check whether the decision is close or not.

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Answer 3

Question

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

b.

To determine

Check whether the decision is close or not.

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Answer 4

Question

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

b.

To determine

Check whether the decision is close or not.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

b.

To determine

Check whether the decision is close or not.

Answer 6

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

Answer 7

Chapter 9, Problem 92CE

a.

To determine

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

Answer 8

b.

To determine

Check whether the decision is close or not.

Answer 9

b.

To determine

Check whether the decision is close or not.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 9.2 - If you repealed a hypothesis test 1,000 times (in...Ch. 9.2 - Define Type I and Type II errors for each...Ch. 9.2 - A firm decides to test its employees for illegal...Ch. 9.2 - A hotel installs smoke detectors with adjustable...Ch. 9.2 - What is the consequence of a false negative in an...Ch. 9.2 - Prob. 6SE Ch. 9.3 - A manufacturer claims that its compact fluorescent...Ch. 9.3 - Prob. 8SE Ch. 9.3 - Prob. 9SE Ch. 9.3 - The average age of a part-time seasonal employee...

Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

Solution Summary: The author explains how the sample does not prove a violation of the guideline that the average patient should pay no more than 250 out-of-pocket.

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Check whether the sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket.

Check whether the decision is close or not.

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Chapter 9 Solutions