The hypothesis test is a one tailed test.
The test statistic follows a normal distribution. The value of the test statistic is:
We search the z table to find the z value for which Pr(z)>x=0.95. According to the z table that value is 1.645.
Therefore, we will reject
if
The p value is 0.0618
Since this is not the case, we fail to reject
Using the critical value approach, the null hypothesis is
not rejected, because
. Using the p value approach, the null hypothesis is
accepted, p value is greater than the
significance level. Therefore, you fail
to conclude that the mean weight has increased.
3. Hypothesis tests about a population mean, population standard deviation unknown Aa Aa Airlines compute the...
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...
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...
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 passengens will respond to the increase in the price of a checked bag by substituting carry-on bags for checked bags. As...
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 of a checked bag by substituting carry-on bags for checked bags. As...
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...
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...
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...
Because of safety considerations, in May 2003 the Federal Aviation Administration (FAA) changed its guidelines for how small commuter airlines must estimate passenger weights. Under the old rule, airlines used 180 pounds as a typical passenger weight (including carry-on luggage) in warm months and 185 pounds as a typical weight in cold months. A journal reported that an airline conducted a study to estimate average passenger plus carry-on weights. They found an average summer weight of 183 pounds and a...
2. Hypothesis tests about a population mean, population standard deviation known 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 extended credit...
A sample mean, sample size, and population standard deviation are given. Use the one-mean z-test to perform the required hypothesis test at the given significance level. Use the critical -value approach. 20) -7.1, n = 18,0 = 1.5, Ho: u = 10; Ha: < 10, a = 0.01 A) z = -8.20; critical value=-2.33; reject Ho B) Z -8.20; critical value = 1.96; do not reject Ho C) Z=-8.20; critical value = -2.33; do not reject Ho D) 2 --8.20;...