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in a clinical trial 27 out of 854 patients in a condrug dalycomed of the symptoms, pois now on coming company is there will c
The average day one of a computer stock in 2011 wp-35 mon shares, according to resource. A stock analystbeves that the stock
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Answer #1

1.

np0(1-p0) = 854 * 0.029 * (1 - 0.029) = 24.04779

Because np0(1-p0) = 24.0 > 10, the sample size is less than 5% of the population size, and sample can be assumed to be a random sample, the requirements for testing the hypothesis are satisfied.

H0: p = 0.029 versus H1: p > 0.029

Standard error of sample proportion, SE = sqrt(p0(1-p0)/n) = sqrt(0.029 * (1-0.029)/854) = 0.005742218

Sample proportion, p = 27/854 = 0.03161593

Test statistic , z = (p - p0) / SE = (0.03161593 - 0.029) / 0.005742218 = 0.46

P-value = P(z > 0.46) = 0.323

A. Since p-value > alpha, do not reject the null hypothesis.

2.

(a)

H0: \mu = 35.1 million shares

H1: \mu \ne 35.1 million shares

(b)

Standard error of mean, SE = s / sqrt(n) = 14.5 / sqrt(30) = 2.6473

Degree of freedom = n-1 = 30-1 = 29

Critical t value at df = 29 and 95% confidence interval is  2.045

Lower Bound = 26.5 - 2.045 * 2.6473 =  21.086

Upper Bound = 26.5 - 2.045 * 2.6473 =  31.914

(c)

Since the value 35.1 million shares does not lie in the interval,

D. Reject the null hypothesis because \mu = 35.1 million shares does not fall in the confidence interval.

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