Calculate the test statistic value for population mean

Reference no: EM1321479

A recent survey indicated that the average amount spent for breakfast by business managers was $7.58 with a standard deviation of $0.42. It was felt that breakfasts on the West Coast were higher than $7.58. A sample of 81 business managers on the West Coast had an average breakfast cost of $7.65. 13. At a = 0.05, what is the test value?

a. -1.5

b. 1.96

c. 1.64

d. 1.5

Reference no: EM1321479

Questions Cloud

Knowledge of age score account for in competence scores : How much variation does knowledge of Age Score account for in Competence Scores?

Probability of two mutually exclusive events : Probability of two mutually exclusive events intersecting Can be any value between 0 to 1, Must always be equal to 1.

Java program to declare an integer array and initializing it : Write down a complete Java program that declares an integer array, intArray, and initialize it to {1, 2, 3, 4, 5, 6, and 7}. The program must have the following methods:1) void displayOddPositions (). This method displays array elements in the odd..

Assume that the central bank of an economy : Assume that the central bank of an economy contracts the money supply.

Calculate the test statistic value for population mean : A sample of 81 business managers on the West Coast had an average breakfast cost of $7.65. 13. At a = 0.05, what is the test value?

Components of the hawthorne study : Describe how the components of the Hawthorne study are incorporated in current human resource functions? What was the main idea behind this study?

What two variables have the strongest positive strength : What two variables have the strongest positive strength of relationship?

Roy rogers the lead broker : Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference

Current attitude toward the company : Describe an ineffective electronic marketing email, text message, or pop-up ad you have received. Why was the selected message ineffective? What was your reaction to it? What is your current attitude toward the company?

User Account

All Pages