Calculate the p value for this test

Assignment Help Accounting Basics
Reference no: EM13951145

A pharmaceutical manufacturer is concerned that the mean impurity concentration in pills should not exceed 2%. It is known that impurity concentrations follow a normal distribution with a population standard deviation 0.32%. A random sample of 64 pills from a production run was checked, and the sample mean impurity concentration was found to be 2.05%.

a) Test at the 5% level the null hypothesis that the population mean impurity concentration is 2% or less against the alternative that it is more than 2%.

b) Calculate the p-value for this test?

Reference no: EM13951145

Questions Cloud

Define the term conflict : Define the term "conflict" and describe how it impacts the negotiation process. Your explanation should include the 4 levels of conflict and the dysfunctions that conflict can create. In your response, you need to also provide your opinion as to w..
What is the role of statistical analysis in simulation : How do pseudo-random numbers affect the accuracy of a simulation?
Tool for project planning and scheduling : You need to select a tool for project planning and scheduling from various tools available in the market. What factors would you consider in selecting the most appropriate software tool for your company? Based on the stated factors, how will you c..
Discuss the business ethics to promote ethical behaviour : Discuss the business ethics (concept, common issues, ethical decision factors), actions to promote ethical behavior, social responsibility (concept/dimensions, consumerism), and the business legal environment (source of law, resolution of disputes..
Calculate the p value for this test : Test at the 5% level the null hypothesis that the population mean impurity concentration is 2% or less against the alternative that it is more than 2%.
Security and privacy in the 21st century : Read the following article and describe the issues associated with using social media networks. Then describe privacy and security consequences that might occur, especially when using the social media networks inappropriately.
Use the encase software or digital forensics framework : Compare and contrast systems forensic uses of the military, law enforcement agencies, and private corporations. Determine which of these groups has the greatest need for systems forensics and what issues may arise if adequate forensics operations ..
Indicate how you would measure the variable : Identify and list the variables for analysis required to address the question/problem. For each variable, indicate how you would measure the variable (just list a few typical values, and the maximum and minimum values if the variable is quantitati..
Write a c program that takes an integer argument : Write a C program that takes an integer argument from the command line and outputs the sum of all digits of the integer. For example, the result of the invocation sum of digits 12345 should be 15.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd