Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Question
Chapter 11, Problem 31CE
a.
To determine
To Find: The null hypothesis and the alternative hypothesis.
b.
To determine
To Find: The test statistic.
c.
To determine
To Find: The p -value of the hypothesis test.
d.
To determine
To Find: The decision about the null hypothesis.
e.
To determine
To Find: The interpretations of the result in the hypothesis testing.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The New York Times reported that Apple has unveiled a new iPad marketed specifically to school districts for use by students (The New York Times website).
The 9.7-inch iPads will have faster processors and a cheaper price point in an effort to take market share away from Google Chromebooks in public school
districts. Suppose that the following data represent the percentages of students currently using Apple iPads for a sample of 18 U.S. public school districts.
Click on the datafile logo to reference the data.
DATA file
a. Compute the mean and median percentage of students currently using Apple iPads.
(to 2 decimals)
(to the nearest whole number)
Mean
Median
15 22 12 21 26 18 42 29 64 20 15 22 18 24 27 24 26 19
Range
b. Compute the first and third quartiles for these data.
(to 2 decimals)
First quartile
Third quartile
(to 2 decimals)
c. Compute the range and interquartile range for these data.
(to the nearest whole number)
(to 2 decimals)
Interquartile range
d. Compute the variance and…
According to Zillow.com, the median sale price for homes in January for South Carolina, California, and
Virginia over the last three years is given in the table below (measured in $100,000).
able
South Carolina California Virginia
2018
183
534
98
2019
193
555
94
2020
216
569
85
In South Carolina, realtors take 5.4% of the sale price on average as part of their commission. The
average realtor commission rates in California and Virginia are 4.9% and 5.3%, respectively.
Use matrix multiplication to find the total earned by realtors from their commissions
Dr. Loras Tyrell was curious to see if his students actually saved money by purchasing books from sources other than the college bookstore. He administered a survey to all his students asking how they obtained their book (Bookstore, Rented, ebook, or on the web – WebBooks) and how much they paid for the book. He obtained the information below.
If the values are normally distributed, we know that of the students who purchased the eBook, about 95.4% of those students paid approximately $----- to ----?
Chapter 11 Solutions
Statistical Techniques in Business and Economics
Ch. 11 - Tom Sevits is the owner of the Appliance Patch....Ch. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - As part of a study of corporate employees, the...Ch. 11 - Prob. 5ECh. 11 - Mary Jo Fitzpatrick is the vice president for...Ch. 11 - Prob. 2SRCh. 11 - Prob. 7ECh. 11 - For Exercises 7 and 8: (a) state the decision...
Ch. 11 - Prob. 9ECh. 11 - A recent study compared the time spent together by...Ch. 11 - Ms. Lisa Monnin is the budget director for Nexus...Ch. 11 - The Tampa Bay (Florida) Area Chamber of Commerce...Ch. 11 - It is often useful for companies to know who their...Ch. 11 - For exercises 13 and 14, assume the sample...Ch. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Suppose you are an expert on the fashion industry...Ch. 11 - Prob. 4SRCh. 11 - Prob. 17ECh. 11 - The null and alternate hypotheses are: H0:d=a0...Ch. 11 - Prob. 19ECh. 11 - Prob. 20ECh. 11 - A recent study focused on the number of times men...Ch. 11 - Clark Heter is an industrial engineer at Lyons...Ch. 11 - Prob. 23CECh. 11 - Prob. 24CECh. 11 - Prob. 25CECh. 11 - Prob. 26CECh. 11 - Prob. 27CECh. 11 - Prob. 28CECh. 11 - Prob. 29CECh. 11 - Prob. 30CECh. 11 - Prob. 31CECh. 11 - Prob. 32CECh. 11 - Prob. 33CECh. 11 - Prob. 34CECh. 11 - Prob. 35CECh. 11 - Prob. 36CECh. 11 - Prob. 37CECh. 11 - Prob. 38CECh. 11 - Prob. 39CECh. 11 - Prob. 40CECh. 11 - Prob. 41CECh. 11 - Prob. 42CECh. 11 - Prob. 43CECh. 11 - Prob. 44CECh. 11 - Prob. 45CECh. 11 - Prob. 46CECh. 11 - Prob. 47DACh. 11 - Prob. 49DA
Knowledge Booster
Similar questions
- The proportion of commuters on PSU – Berks campus is purported to be 65%. A professor believes this to be inaccurate. He randomly selects 300 students on campus and determines 200 of them to be commuters. Can the professor reject the campus claim of 65%?arrow_forwardYou're a data analyst for an insurance company. You want to make sure that your employer is not over-paying for car repairs. To investigate this, you bring 38 different cars to two different garages, Bubba's Hubcap Heaven and Repair, and Merle's Motor Shop. Some of the cars need lots of repairs. Some of the cars need very few. By taking each car to both shops, we can directly compare the two sets of prices. The dataset is in an Excel file named "Bubba_v_Merle_3899.xls", which you can find in the "Data" folder under Course Documents. Before running your analysis, be sure to look at the data file and verify that each car requires a different amount of repairs, and that prices in one shop are correlated with prices at the other shop. That is, they're in the same ballpark. The question is whether one tends to charge more, on average, than the other. Your task is to use Excel to test the research hypothesis that prices are different in the two shops; the null hypothesis is that prices are…arrow_forwardA electronics retailer list the sales (in thousands) of certain products in three cities for the prior quarter. During that period tablets sold for $241, laptops sold for $505, cell phones sold for $437, and DVR sold for $1,564. City 1 City 2 City 3 Tablets 4444 5757 3939 Laptop Computers 6464 7777 6868 Cell Phones 3131 5353 6969 Personal DVR 3030 7676 5454 City 1's total sales : City 2's total sales : City 3's total sales :arrow_forward
- An insurance company offers four different deductible levels—none, low, medium, and high—for its homeowner's policyholders and three different levels—low, medium, and high—for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.07 (7% of all such individuals). Homeowner's Auto N L M H L 0.04 0.07 0.05 0.04 M 0.07 0.09 0.20 0.09 H 0.02 0.03 0.15 0.15 Suppose an individual having both types of policies is randomly selected. (a) What is the probability that the individual has a medium auto deductible and a high homeowner's deductible?(b) What is the probability that the individual has a low auto deductible? A low homeowner's deductible? auto deductible homeowner's deductible (c) What is the probability that the individual is in the same…arrow_forwardAn insurance company offers four different deductible levels—none, low, medium, and high—for its homeowner's policyholders and three different levels—low, medium, and high—for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.07 (7% of all such individuals). Homeowner's Auto N L M H L 0.04 0.07 0.05 0.01 M 0.07 0.08 0.20 0.13 H 0.02 0.03 0.15 0.15 Suppose an individual having both types of policies is randomly selected. (d) Based on your answer in part (c), what is the probability that the two categories are different?(e) What is the probability that the individual has at least one low deductible level?(f) Using the answer in part (e), what is the probability that neither deductible level is low?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt