2. Goodness-of-fit tests Normal population Aa Aa Manufacturing processes, such as coin minting, are subject to small variations due to variations in materials, temperature, and humidity. The variatio...
3. Testing a population mean The test statistic (Chapter 11) Aa Aa You conduct a hypothesis test about a population mean u with the following null and alternative hypotheses: Ho: u-25.8 H1: <25.8 Suppose that the population standard deviation has a known value of a observations, which provides a sample mean of % 30.7. 17.8. You obtain a sample of n =62 Since the sample size large enough, you assume that the sample mean X follows a normal distribution. Let...
3. Hypothesis tests about a population mean, population standard deviation unknowrn Aa Aa Airlines compute the weight of outbound flights using either standard average weights provided by the Federal Aviation Administration (FAA) or weights obtained from their own sample surveys. The FAA standard average weight for a passenger's carry-on items (personal items plus carry-on bags) is 16 pounds. Many airline companies have begun implementing fees for checked bags. Economic theory predicts that passengers will respond to the increase in the...
3. Hypothesis tests about a population mean, population standard deviation unknown Aa Aa Airlines compute the weight of outbound flights using either standard average weights provided by the Federal Aviation Administration (FAA) or weights obtained from their own sample surveys. The FAA standard average weight for a passenger's carry-on items (personal items plus carry-on bags) is 16 pounds Many airline companies have begun implementing fees for checked bags. Economic theory predicts that passengers will respond to the increase in the...
5. The chi-square test for goodness of fit - No difference from a known population Aa Aa Suppose you are reading a study conducted in the year 2000 about welfare recipients in the United States. The authors report the following frequency data on the household size of the 2,352 welfare recipients in their random sample: Observed Frequencies Household Size 5-or-more-person 4-person 3-person 2-person 1-person 282 753 588 400 329 You wonder if welfare recipients tend to live in different-sized households...
2. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
3. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is his credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
4. Hypothesis tests about a population mean, pop ulation standard deviation unknown Airlines compute the weight of outbound flights using either standard average weights provided by the Federal Aviation Administration (FAA) or weights obtained from their own sample surveys. The FAA standard average weight for a passenger's carry-on items (personal items plus carry-on bags) is 16 pounds. Many airline companies have begun implementing fees for checked bags. Economic theory predicts that passengers will respond to the increase in the price...
2. Hypothesis tests about a population mean, population standard deviation known Aa Aa Lenders tighten or loosen their standards for issuing credit as economic conditions change. One of the criteria lenders use to evaluate the creditworthiness of a potential borrower is her credit risk score, usually a FICO score. FICO scores range from 300 to 850. A consumer with a high FICO score is perceived to be a low credit risk to the lender and is more likely to be...
A manufacturing process produces Ping-Pong balls with diameters that have a normal distribution with known population standard deviation of .04 centimeters. Ping-Pong balls with diameters that are too small or too large are considered defective. The manufacturing company claims all their Ping-Pong balls have a diameter of exactly = 0.50 centimeters. Perform a hypothesis test at the 5% level of significance to check if the claim is true. Assume that a random sample of 25 gave a mean diameter of...
A manufacturing process ball bearings with diameters that have a normal distribution with known population standard deviation of .03 centimeters. Ball bearings with diameters that are too small or too large are undesirable. In order to test the claim that μ = 0.50 centimeters, perform a two-tailed hypotheses test at the 5% level of significance. A random sample of 49 gave a mean of 0.48 centimeters. Perform a hypotheses test and state your decision.