In January the U.S. unemployment rate dropped to 8.3% (U.S. Department of Labor web- site, february 10, 2012). The Census Bureau includes nine states in the Northeast region. Assume that the random variable of interest is the number of Northeastern states with an unemployment rate in January that was less than 8.3%. what values may this random vari- able assume?

A union of restaurant and foodservice workers would like to estimate the mean hourly wage, u, of foodservice workers in the U.S. this year The mean hourly wage last year was $8.08, and there is good reason to believe that this year's value is different from last year's. The union decides to do a statistical test to see if the value has indeed changed. The union chooses a random sample of this year's wages, computes the mean of the sample to be $7.78, and computes the standard deviation of the sample to be $1.20. Based on this information, complete the parts below. (a) What are the null hypothesis H. and the alternative hypothesis H₁ that should be used for the test? H₂ : O H₁ :0 (b) Suppose that the union decides not to reject the null hypothesis. What sort of error might it be making? (Choose one) ▼ (c) Suppose the true mean hourly wage for foodservice workers in the U.S. this year is $8.08. Fill in the blanks to describe a Type I error. A Type I error would be (Choose one) when, in…

A union of restaurant and foodservice workers would like to estimate this year's mean hourly wage, u, of foodservice workers in the U.S. Last year's mean hourly wage was $8.25, and there is reason to believe that this year's value is less than last year's. The union decides to do a statistical test to see if the value has indeed decreased. The union chooses a random sample of this year's wages, computes the mean of the sample to be $7.98, and computes the standard deviation of the sample to be $1.25. Based on this information, answer the questions below. What are the null hypothesis (H) and the alternative hypothesis (H,) that should be used for the test? |Ho: u is ? H: u is ? v|? ? In the context of this test, what is a Type I error? v the hypothesis that u is ? A Type I error is ? fact, u is ? v when, in Suppose that the union decides not to reject the null hypothesis. What sort of error might it be making? ?

A credit score is used by credit agencies​ (such as mortgage companies and​ banks) to assess the creditworthiness of individuals. Values range from 300 to 850 with a credit score over 700 considered to be a quality credit risk. According to a​ survey, the mean credit score is 705.6. A credit analyst wondered whether​ high-income individuals​ (incomes in excess of​ $100,000 per​ year) had higher credit scores. He obtained a random sample of 34 high-income individuals and found the sample mean credit score to be 724.4 with a standard deviation of 84.4. Conduct the appropriate test to determine if​ high-income individuals have higher credit scores at the α=0.05 level of significance. 1) Find: P-value  2) Make a conclusion regarding the hypothesis.