MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Do shoppers at the mall spend the same amount of money on average the day after Thanksgiving compared to the day after Christmas? The 56 randomly surveyed shoppers on the day after Thanksgiving spent an average of $145. Their standard deviation was $46. The 43 randomly surveyed shoppers on the day after Christmas spent an average of $123. Their standard deviation was $43. What can be concluded at the a = 0.05 level of significance? For this study, we should use Select an answer a. The null and alternative hypotheses would be: Ho: Select an answer v Select an answer Select an answer v H: Select an answer v Select an answer v Select an answer v b. The test statistic ? v = (please show your answer to 3 decimal places.) c. The p-value = (Please show your answer to 4 decimal places.) d. The p-value is ? v a e. Based on this, we should Select an answer v the null hypothesis. f. Thus, the final conclusion is that ... O The results are statistically significant at a = 0.05, so there is…arrow_forwardI need help understanding this problem Thanks. We intend to estimate the average driving time of a group of commuters. From a previous study, we believe that the average time is 55 minutes with a standard deviation of 13 minutes. We want our 90% confidence interval to have a margin of error of no more than plus or minus 1 minute. What is the smallest sample size that we should consider?arrow_forwardSuppose we need to construct a 95% confidence interval for the mean of a normal population with standard deviation σ =3 Then, the sample size needed to get an error of estimation =0.6 is?arrow_forward
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