Question

A toy manufacturer has developed a new toy and now wants to know if the toy should be positioned in the marketplace as a toy

step 1 - set of hypotheses

step 2 - significance level

step 3 - test statistic and distribution (including degrees of freedom)

step 4 - rejection region (in words)

step 5 - statistical conclusion

step 6 - managerial conclusion

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Answer #1

Grinds, A Let us played with the toy by Boy is the overage pay and elg is the overage played Meill Hypothesis Hot M = ela andpage 1→ Am. -1 382 + (1.–1 ) 53 ~ My on tos-2 EC SP=871 - - - - ) 3 + (n-1) SS comtm-2) Cunbiated Eltimate off Esta potted sample vpage 25 = E(; -pję sånt. 14-)? x 98851077 S; -o- * 5329.077 ) Se | sã = 904.5897 so = 499.0897 Polled Sample variance Sie = (om,-1,page 3

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