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Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can...

Fowle Marketing Research, Inc., bases charges to a client on the assumption that telephone surveys can be completed in a mean time of 15 minutes or less. If a longer mean survey time is necessary, a premium rate is charged. Suppose a sample of 35 surveys produces the data in the Microsoft Excel Online file below. Use a known σ = 3.9 minutes. Is the premium rate justified?

Open spreadsheet

  1. Formulate the null and alternative hypotheses for this application.

    H0: μ _________greater than or equal to 15greater than 15less than or equal to 15less than 15equal to 15not equal to 15

    Ha: μ _________greater than or equal to 15greater than 15less than or equal to 15less than 15equal to 15not equal to 15

  2. Compute the value of the test statistic (to 2 decimals).

  3. What is the p-value (to 4 decimals)?

  4. Using ? = .01, is a premium rate justified for this client?

    _____YesNo

0 0
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Answer #1

Answer:

Ansoeo hat afnthe n fomin jobeve thal ble mkeligg Reseaech ncy chays to aclint o le asmpio tht elephoe ap Cim be Comdehd namAhe cakalalion of the tol slaliskc s -S 3135 3 0-657 3.034 the alala ted lest shatstic value is 3.034 explanation 1 Hint nekld) the leve of santiaioo ool the alulated p-alue s Oo084 faumthe values pvalue ond Devel of Smti tha the ell observe Camce Th

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Answer #2

Plz refer to these correction data:

a) 

H0?  15

Ha? > 15

b) 3.034

c: 0.0012

d: Reject H0. There is sufficient evidence to conclude that the premium rate should be charged.


source: MBA course Material
answered by: d8062
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