Modern Business Statistics with Microsoft Excel (MindTap Course List)
Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
bartleby

Videos

Question
Book Icon
Chapter 9.3, Problem 14E

a.

To determine

Find the p-value for x¯=23 and state the conclusion.

a.

Expert Solution
Check Mark

Answer to Problem 14E

The p-value is 0.3844.

The conclusion is “do not reject the null hypothesis”.

Explanation of Solution

Calculation:

It is given that the sample size is n=75, the sample mean is x¯=23, and the population standard deviation is σ=10.

The hypotheses are given below:

Null hypothesis: H0:μ=22

Alternative hypothesis: Ha:μ22

Test statistic:

The formula for finding test statistic is as follows:

z=x¯μ0σn

Here, x¯ represents the sample mean, μ0 represents the hypothesized value of the population mean, σ represents the population standard deviation, and n represents the sample size.

Substitute 23 for x¯, 22 for μ0, 10 for σ, and 75 for n in z formula.

z=23221075=1108.6602=11.1547=0.87

Thus, the value of the test statistic is 0.87.

For p-value:

In this case, z is greater than 0. Therefore, the p-value is two times the upper tail area.

That is,

p-value=2(Upper tail area)=2(1Lower tail area)

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value 0.8 in the first column.
  • Locate the value 0.07 in the first row.
  • The intersecting value that corresponds to 0.87 is 0.8078.

p-value=2(10.8078)=2(0.1922)=0.3844

Thus, the p-value is 0.3844.

Rejection rule:

If p-valueα, reject the null hypothesis

If p-value>α, do not reject the null hypothesis.

Conclusion:

Here, the p-value is greater than the level of significance.

That is, p-value(=0.3844)>α(=0.01).

By the rejection rule, the null hypothesis is not rejected.

b.

To determine

Find the p-value for x¯=25.1 and state the conclusion.

b.

Expert Solution
Check Mark

Answer to Problem 14E

The p-value is 0.0074.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

Test statistic:

Substitute 25.1 for x¯, 22 for μ0, 10 for σ, and 75 for n in z formula.

z=25.1221075=3.1108.6602=3.11.1547=2.68

Thus, the value of the test statistic is 2.68.

For p-value:

In this case, z is greater than 0. Therefore, the p-value is two times the upper tail area.

That is,

p-value=2(Upper tail area)=2(1Lower tail area)

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value 2.6 in the first column.
  • Locate the value 0.08 in the first row.
  • The intersecting value that corresponds to 2.68 is 0.9963.

p-value=2(10.9963)=2(0.0037)=0.0074

Thus, the p-value is 0.0074.

Conclusion:

Here, the p-value is less than the level of significance.

That is, p-value(=0.0074)<α(=0.01).

By the rejection rule, the null hypothesis is rejected.

c.

To determine

Find the p-value for x¯=20 and state the conclusion.

c.

Expert Solution
Check Mark

Answer to Problem 14E

The p-value is 0.083.

The conclusion is “do not reject the null hypothesis”.

Explanation of Solution

Calculation:

Test statistic:

Substitute 20 for x¯, 22 for μ0, 10 for σ, and 75 for n in z formula.

z=20221075=2108.6602=21.1547=1.73

Thus, the value of the test statistic is –1.73.

For p-value:

In this case, z is less than 0. Therefore, the p-value is two times the lower tail area.

That is,

p-value=2(Lower tail area)

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –1.7 in the first column.
  • Locate the value 0.03 in the first row.
  • The intersecting value that corresponds to–1.73 is 0.0418.

p-value=2(0.0418)=0.0836

Thus, the p-value is 0.0836.

Conclusion:

Here, the p-value is greater than the level of significance.

That is, p-value(=0.0836)>α(=0.01).

By the rejection rule, the null hypothesis is not rejected.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
D. S. Malik, Data Structures Using C++, 2nd Edition, 2010
Methods (Ch6) - Review 1. (The MyRoot method) Below is a manual implementation of the Math.sqrt() method in Java. There are two methods, method #1 which calculates the square root for positive integers, and method #2, which calculates the square root of positive doubles (also works for integers). public class SquareRoot { public static void main(String[] args) { } // implement a loop of your choice here // Method that calculates the square root of integer variables public static double myRoot(int number) { double root; root=number/2; double root old; do { root old root; root (root_old+number/root_old)/2; } while (Math.abs(root_old-root)>1.8E-6); return root; } // Method that calculates the square root of double variables public static double myRoot(double number) { double root; root number/2; double root_old; do { root old root; root (root_old+number/root_old)/2; while (Math.abs (root_old-root)>1.0E-6); return root; } } Program-it-Yourself: In the main method, create a program that…
I would like to know the main features about the following 3 key concepts:1. Backup Domain Controller (BDC)2. Access Control List (ACL)3. Dynamic Memory

Chapter 9 Solutions

Modern Business Statistics with Microsoft Excel (MindTap Course List)

Ch. 9.3 - Consider the following hypothesis test: A sample...Ch. 9.3 - Prob. 12ECh. 9.3 - Prob. 13ECh. 9.3 - Prob. 14ECh. 9.3 - Federal Tax Returns. According to the IRS,...Ch. 9.3 - In a study entitled How Undergraduate Students Use...Ch. 9.3 - The mean hourly wage for employees in...Ch. 9.3 - Young millennials, adults aged 18 to 34, are...Ch. 9.3 - The Internal Revenue Service (IRS) provides a...Ch. 9.3 - Prescription Drug Costs. Annual expenditure for...Ch. 9.3 - Cost of Telephone Surveys. Fowle Marketing...Ch. 9.3 - Time in Supermarket Checkout Lines. CCN and...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Consider the following hypothesis test: A sample...Ch. 9.4 - Prob. 26ECh. 9.4 - Which is cheaper: eating out or dining in? The...Ch. 9.4 - CEO Tenure. A shareholders’ group, in lodging a...Ch. 9.4 - The national mean annual salary for a school...Ch. 9.4 - Time in Child Care. The time married men with...Ch. 9.4 - Prob. 31ECh. 9.4 - Used Car Prices. According to the National...Ch. 9.4 - Prob. 33ECh. 9.4 - Prob. 34ECh. 9.5 - Consider the following hypothesis test: A sample...Ch. 9.5 - Prob. 36ECh. 9.5 - Prob. 37ECh. 9.5 - Attitudes toward Supermarket Brands. A study by...Ch. 9.5 - Prob. 39ECh. 9.5 - Prob. 40ECh. 9.5 - Ten years ago 53% of American families owned...Ch. 9.5 - Returned Merchandise. According to the University...Ch. 9.5 - Prob. 43ECh. 9.5 - Prob. 44ECh. 9.5 - The American Association of Individual Investors...Ch. 9 - Production Line Fill Weights. A production line...Ch. 9 - Scholarship Examination Scores. At Western...Ch. 9 - Exposure to Background Television. CNN reports...Ch. 9 - Prob. 49SECh. 9 - Prob. 50SECh. 9 - Prob. 51SECh. 9 - Prob. 52SECh. 9 - In Hamilton County, Ohio, the mean number of days...Ch. 9 - Prob. 54SECh. 9 - Prob. 55SECh. 9 - Prob. 56SECh. 9 - The unemployment rate for 18- to 34-year-olds was...Ch. 9 - Prob. 58SECh. 9 - In recent years more people have been working past...Ch. 9 - Case Problem 1 Quality Associates, Inc. Quality...Ch. 9 - Case problem 2 Ethical Behavior of Business...
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole
Text book image
C++ Programming: From Problem Analysis to Program...
Computer Science
ISBN:9781337102087
Author:D. S. Malik
Publisher:Cengage Learning
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License