We want to conduct a hypothesis test of the claim that the population mean daily profit of a convenience store is less than 480 dollars. So, we record the dail profit for a random sample of days. The sample has a mean of 495 dollars and a standard deviation of 74 dollars. For each of the following sampling scenarios, choose an appropriate test statistic for our hypothesis test on the population mean. Then calculate that statistic. Round your answers to two decimal places. (a) The sample has size 12, and it is from a population with a distribution about which we know very little. ² = 0 O It is unclear which test statistic to use. X 5 2 (b) The sample has size 80, and it is from a non-normally distributed population with a known standard deviation of 76. OZ: Ot OIt is unclear which test statistic to use.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
We want to conduct a hypothesis test of the claim that the population mean daily profit of a convenience store is less than 480 dollars. So, we record the daily
profit for a random sample of days. The sample has a mean of 495 dollars and a standard deviation of 74 dollars.
For each of the following sampling scenarios, choose an appropriate test statistic for our hypothesis test on the population mean. Then calculate that statistic.
Round your answers to two decimal places.
(a) The sample has size 12, and it is from a population with a distribution about which we know very little.
O² =
01 = 0
O It is unclear which test statistic to use.
X5?
(b) The sample has size 80, and it is from a non-normally distributed population with a known standard deviation of 76.
o z = 0
t=0
OIt is unclear which test statistic to use.
Check
acer
DII
➜>>
A
esc
!
←
@
2
#
3
$
4
%
5
6
&
O
7
★
8
O
(
9
Save For Later
0
O
P
Submit Assignment
O
↓
11:
backspac
Transcribed Image Text:We want to conduct a hypothesis test of the claim that the population mean daily profit of a convenience store is less than 480 dollars. So, we record the daily profit for a random sample of days. The sample has a mean of 495 dollars and a standard deviation of 74 dollars. For each of the following sampling scenarios, choose an appropriate test statistic for our hypothesis test on the population mean. Then calculate that statistic. Round your answers to two decimal places. (a) The sample has size 12, and it is from a population with a distribution about which we know very little. O² = 01 = 0 O It is unclear which test statistic to use. X5? (b) The sample has size 80, and it is from a non-normally distributed population with a known standard deviation of 76. o z = 0 t=0 OIt is unclear which test statistic to use. Check acer DII ➜>> A esc ! ← @ 2 # 3 $ 4 % 5 6 & O 7 ★ 8 O ( 9 Save For Later 0 O P Submit Assignment O ↓ 11: backspac
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman