ZuoTi.Pro
Question

Suppose that BC financial aid alots a textboolk stipend by claiming that the average textbook at BC bookstore costs $ 94.98. You want to test this claim The null and alternative hypothesis in symbols would be: OHo:p 2 94.98 Hi:p94.98 Оно: р-94.98 Hi:p94.98 OHo H 94.98 H1 : μ > 94.98 Ho:p 94.98 Hi:p> 94.98 H0 : μ 94.98 H 94.98 0H0: μ > 94.98 H1: 94.98
The null hypothesis in words would be: OThe proportion of all textbooks from the store that are less than 94.98 is equal to 50% ○The average price of textbooks in a sample is OThe average of price of all textbooks from ○The average of price of all textbooks from 0 The average price of all textbooks from the $94.98 the store is greater than S 94.98. the store is less than $ 94.98 store is $ 94.98 Based on a sample of 190 textbooks at the store, you find an average of 95.78 and a standard deviation of 28.2 The point estimate is: decimals) (to 3 The 90 % confidence interval (use z*) is: (to 3 to decimals)
Based on this we OFail to reject the null hypothesis OReject the null hypothesis
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Please don't hesitate to give a "thumbs up" in case the answer has helped you.

pop. mean = 94.98

Ho: Mu = 94.98
Ha: Mu != 94.98

The null hypothesis in words would be:
4th option is correct:The average price of all textbooks from the store is $94.98

Also given is :

n = 190
Sample mean = 95.78
Stdev =28.2

Point estimate= sample mean ( because the sample mean is a unbiased estimator of pop. mean ) = 95.78

The 90% Confidence interval is : 1.645

So, 90% CI is 94.98 +/- 1.645*28.2/sqrt(190)

= 91.615 to 98.345

Since the sample mean (of 95.78) lies between the 90% Confidence interval ( 91.615, 98.345) we conclude that we fail to reject the null hypothesis

0 0
Add a comment
Know the answer?
Add Answer to:
Suppose that BC financial aid alots a textboolk stipend by claiming that the average textbook at...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at...

    Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 93.55. You want to test this claim. The null and alternative hypothesis in symbols would be: O Ho:p = 93.55 Hı:p # 93.55 O Ho:p> 93.55 Hų:p < 93.55 O Ho:u = 93.55 H1:4 # 93.55 O Ho:P < 93.55 Hi:p > 93.55 O Ho:> 93.55 H1:< 93.55 Ho:u < 93.55 Hų: ji > 93.55 The null hypothesis in words...

  • Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at...

    Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $62.74. You want to test this claim. The null and alternative hypothesis in symbols would be: O Hop=62.74 H:p +62.74 OH: < 62.74 H: > 62.74 OHO:n = 62.74 H:A#62.74 OHO: > 62.74 Hu< 62.74 OH :p < 62.74 H:p> 62.74 The null hypothesis in words would be: O The average price of textbooks in a sample is $ 62.74 The...

  • Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at...

    Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $62.74. You want to test this claim. The null and alternative hypothesis in symbols would be: OH :p=62.74 Hp+62.74 O Hou < 62.74 HM > 62.74 OHO:n = 62.74 H: 62.74 OH: > 62.74 H:H<62.74 OH :p < 62.74 Hp > 62.74 OH,:p> 62.74 The null hypothesis in words would be: O The average price of textbooks in a sample is...

  • Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at...

    Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 87.57. You want to test this claim. The null and alternative hypothesis in symbols would be Cio: ? 87.57 H<87.57 Hoip-87.57 Hp 87.57 ?-87.57 H1: ??87.57 014: 87.57 ????>87.57 Hoip s 87.57 H:p>87.57 : p 2 87.57 Hip < 87.57 The nall hypothesis in words would be: The average of price of all textbooks from the store is less than...

  • > 0/3 pts 399 OD Question 8 Suppose that BC financial aid alots a textbook stipend...

    > 0/3 pts 399 OD Question 8 Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 62.35. You want to test this claim. The null and alternative hypothesis in symbols would be: Hu 62.35 H: < 62.35 H:p 62.35 Hp < 62.35 H:P < 62.35 H:p > 62.35 H:p = 62.35 Hp +62.35 H: = 62.35 H4 + 62.35 H: < 62.35 H: > 62.35 The null hypothesis in...

  • 1. Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook...

    1. Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $$ 67.29. You want to test this claim. Based on a sample of 130 textbooks at the store, you find an average of 66.69 and a standard deviation of 18.4. The point estimate is: ___ (to 3 decimals) The 95 % confidence interval (use z*) is: ___to ___ (to 3 decimals) 2. Test the claim that the proportion of people...

  • Got all the multiple choice ones correct just need help with the wrong answers Test the...

    Got all the multiple choice ones correct just need help with the wrong answers Test the claim that the proportion of people who own cats is larger than 80% at the 0.10 significance level. The null and alternative hypothesis would be Ho: ? < 0.8 Ho: ? > 0.8 Ho:p > 0.8" H! : ? > 0.8 H1 : ? < 0.8 H1 : p < 0.8 The test is: right-tailed left-tailed two-tailed Based on a sample of 600 people,...

  • Assume that the data has a normal distribution and the number of observations is greater than...

    Assume that the data has a normal distribution and the number of observations is greater than fifty. Find the critical z value used to test a null hypothesis. α-0.05for a left-tailed test. SELECT ALL APPLICABLE CHOICES B) 1.96 士1.96 ±1.645 1.645 E) None of these 19 Assume that a simple random sample has been selected from a normally distributed population and test the conclusion that addresses the original claim and select three correct choices. A test of sobriety SELECT ALL...

  • The price to earnings ratio (P/E) is an important tool in financial work. A random sample...

    The price to earnings ratio (P/E) is an important tool in financial work. A random sample of 14 large U.S. banks (J. P. Morgan, Bank of America, and others) gave the following P/E ratios.† 24 16 22 14 12 13 17 22 15 19 23 13 11 18 The sample mean is x ≈ 17.1. Generally speaking, a low P/E ratio indicates a "value" or bargain stock. Suppose a recent copy of a magazine indicated that the P/E ratio of...

  • all of these pls D) In repeated sampling, 95% of the sample means will fall within the interval created. 4) A retired statistician was interested in determising the average cost of a $200,000.00 t...

    all of these pls D) In repeated sampling, 95% of the sample means will fall within the interval created. 4) A retired statistician was interested in determising the average cost of a $200,000.00 term lle insurance policy for a 60-year-old male non-smoker. He randomly sampled 63 subjects (60-year-old male non-smokers) and constructed the following 95 percent c mean cost of the term life insurance: ($850.00, $1050.00) State the appeopriate confidence interval for the interpretation for this term life insurance cost...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT