A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast. Specifically, the mean time to finish their standard test course should be less than 5555 seconds for a former Olympic champion. To test it, the champion will ski the course 8 times. The champion's times (selected at random) are 50.450.4, 65.965.9, 49.549.5, 50.950.9, 48.248.2, 48.548.5, 53.853.8, and 43.543.5 seconds to complete the test course. Should they market the wax? Assume the assumptions and conditions for appropriate hypothesis testing are met for the sample. Use 0.05 as the P-value cutoff level.
Calculate the test statistic.
Calculate the P-value.
The null and alternative hypothesis for the test is:
; i..e, the true mean time to finish the standard test course is not different than 55 seconds.
; i.e., the true mean time to finish the standard test course is less than 55 seconds.
Test-statistic: and it follows a t-distribution with degrees of freedom,
sample mean,
sample standard deviation,
So, the test-statistic is calculated as
P-value: Since it is a left-tailed test, so the p-value for the test-statistic is calculated as-
So, the p-value for the hypothesis test is calculated as
Decision:
Since,
So at 5% significance level the sample data does not provides sufficient evidence to support the alternative hypothesis, hence we fail to reject the null hypothesis H0.
A company is developing a new high performance wax for cross country ski racing. In order...
A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast. Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test it, the champion will ski the course 8 times. The champion's times (selected at random) are 57.3,63.1, 46.1, 50.4,46.4, 47.2, 53.1, and 42.3 seconds to complete the test...
A company is developing a new high-performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast. Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test it, the champion will ski the course 8 times. The champion's times are 55.7, 60.5, 50.8, 54.5, 49.2, 47.1, 51.1, and 42.9 seconds to complete the test course. Complete...
A company is developing a new high performance wax for cross country ski racing. In order to justify the price marketing wants, the wax needs to be very fast. Specifically, the mean time to finish their standard test course should be less than 55 seconds for a former Olympic champion. To test it, the champion will ski the course 8 times. The champion's times (selected at random) are 57.6, 61.4, 45.8, 53.4, 45.3, 45.1, 54.8, and 40.5 seconds to complete...
A professional skier was trying to decide whether to use a new racing wax for cross-country skis. He decided that the wax would be worth the price if he could average less than 55 seconds on a course he knew well, so he planned to test the wax by racing on the course 8 times. His sample of race times found a mean of 53.1 seconds, and standard deviation 7.0 seconds. Is this sufficient evidence he should he buy the...