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
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
Compute the value of the test statistic (to 2 decimals).
What is the p-value (to 4 decimals)?
Using ? = .01, is a premium rate justified for this client?
_____YesNo
Answer:
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.
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 = 3.2 minutes. Is the premium rate justified? Compute the value of the test statistic (to 2 decimals). What is...
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 = 3.7 minutes. Is the premium rate justified? 20.3 13.7 16.2 18.1 14.3 17.3 14.6 17.4 18.5 10.2 15.1 16.6...
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. 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. A sample of 35 surveys provided the survey times shown in the file named Fowle. Based upon past studies, the population standard deviation is assumed known with σ = 4 minutes. Is the premium rate justified?(a). Formulate the null...
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