Question

We would like to conduct a hypothesis test to determine whether the true mean rent amount...

We would like to conduct a hypothesis test to determine whether the true mean rent amount for all one-bedroom apartments in Winnipeg differs from $850. We take a random sample of 50 one-bedroom apartments and calculate the sample mean to be $900. A 98% confidence interval for μ is calculated to be (830, 970). The conclusion for our test would be to:

Question 8 options:

A)

fail to reject H0 at the 2% level of significance since the value 850 is contained in the 98% confidence interval.

B)

fail to reject H0 at the 1% level of significance since the value 900 is contained in the 98% confidence interval.

C)

reject H0 at the 1% level of significance since the value 900 is contained in the 98% confidence interval.

D)

fail to reject H0 at the 2% level of significance since the value 900 is contained in the 98% confidence interval.

E)

reject H0 at the 2% level of significance since the value 850 is contained in the 98% confidence interval.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

OPTION A

Fail to reject H0 at the 2% level of significance since the value 850 is contained in the 98% confidence interval

Add a comment
Know the answer?
Add Answer to:
We would like to conduct a hypothesis test to determine whether the true mean rent amount...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • In order to conduct a hypothesis test for the population mean, a random sample of 24...

    In order to conduct a hypothesis test for the population mean, a random sample of 24 observations is drawn from a normally distributed population. The resulting sample mean and sample standard deviation are calculated as 6.3 and 2.5, respectively. (You may find it useful to reference the appropriate table: z table or t table). H0: μ ≤ 5.1 against HA: μ > 5.1 a-1. Calculate the value of the test statistic. (Round all intermediate calculations to at least 4 decimal...

  • In order to conduct a hypothesis test for the population mean, a random sample of 28...

    In order to conduct a hypothesis test for the population mean, a random sample of 28 observations is drawn from a normally distributed population. The resulting sample mean and sample standard deviation are calculated as 17.9 and 1.5, respectively. (You may find it useful to reference the appropriate table: z table or t table) H0 : μ 17.5 against HA: μ > 17.5 a-1. Calculate the value of the test statistic. (Round all intermediate calculations to at least 4 decimal...

  • In order to conduct a hypothesis test for the population mean, a random sample of 24...

    In order to conduct a hypothesis test for the population mean, a random sample of 24 observations is drawn from a normally distributed population. The resulting sample mean and sample standard deviation are calculated as 4.8 and 0.8, respectively. (You may find it useful to reference the appropriate table: z table or t table) H0 : μ s 4 , 5 against HA: μ > 4 . 5 a-1. Calculate the value of the test statistic. (Round all intermediate calculations...

  • We would like to conduct a hypothesis test at the 2% level of significance to determine...

    We would like to conduct a hypothesis test at the 2% level of significance to determine whether the true mean pH level in a lake differs from 7.0. Lake pH levels are known to follow a normal distribution. We take 10 water samples from random locations in the lake. For these samples, the mean pH level is 7.3 and the standard deviation is 0.37. Using the critical value approach, the decision rule would be to reject H0 if the test...

  • In order to conduct a hypothesis test for the population proportion, you sample 290 observations that...

    In order to conduct a hypothesis test for the population proportion, you sample 290 observations that result in 87 successes. (You may find it useful to reference the appropriate table: z table or t table) H0: p ≥ 0.36; HA: p < 0.36. a-1. Calculate the value of the test statistic. (Negative value should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) a-2. Find the p-value....

  • In order to conduct a hypothesis test for the population mean, a random sample of 20...

    In order to conduct a hypothesis test for the population mean, a random sample of 20 observations is drawn from a normally distributed population. The resulting sample mean and sample standard deviation are calculated as 12.9 and 2.4, respectively. (You may find it useful to reference the appropriate table: z table or ttable). Ho : μ 12.1 against HA: μ > 12.1 a-1. Calculate the value of the test statistic. (Round all intermediate calculations to at least 4 decimal places...

  • In order to conduct a hypothesis test for the population proportion, you sample 450 observations that...

    In order to conduct a hypothesis test for the population proportion, you sample 450 observations that result in 189 successes. (You may find it useful to reference the appropriate table: z table or t table) H0: p ≥ 0.45; HA: p < 0.45. a-1. Calculate the value of the test statistic. (Negative value should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.) TEST STATISTIC = a-2....

  • In order to conduct a hypothesis test for the population mean, a random sample of 28...

    In order to conduct a hypothesis test for the population mean, a random sample of 28 observations is drawn from a normally distributed population. The resulting sample mean and sample standard deviation are calculated as 17.9 and 1.5, respectively. (You may find it useful to reference the appropriate table: z table or t table). HO: MS 17.5 against HA: > 17.5 a-1. Calculate the value of the test statistic. (Round all intermediate calculations to at least 4 decimal places and...

  • A sample of 31 observations is selected from a normal population. The sample mean is 11, and the population standard deviation is 3. Conduct the following test of hypothesis using the 0.05 significanc...

    A sample of 31 observations is selected from a normal population. The sample mean is 11, and the population standard deviation is 3. Conduct the following test of hypothesis using the 0.05 significance level. H0: μ ≤ 10 H1: μ > 10 Is this a one- or two-tailed test? One-tailed test Two-tailed test What is the decision rule? Reject H0 when z > 1.645 Reject H0 when z ≤ 1.645 What is the value of the test statistic? (Round your...

  • . We would like to conduct a hypothesis test at the 10% level of significance to...

    . We would like to conduct a hypothesis test at the 10% level of significance to determine whether the true mean score of all players in a bowling league differs from 150. The mean and standard deviation of the scores of 12 randomly selected players are calculated to be 170 and 16, respectively. Scores of all players in the league are known to follow a normal distribution. The P-value of the appropriate test of significance is

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT