Compute the value of the test statistic

Assignment Help Business Management
Reference no: EM132394130

The mean income per person in the U.S is $41,500 and the distribution of incomes follows a normal distribution. A random sample of 10 residents of Wilmington, Delaware had a mean of $47,500 with a standard deviation of $10,600. At the level 0.010 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average?

State the decision rule for 0.010 significance level. (Round your answer to 3 decimal places)

Compute the value of the test statistic. (Round your answer to 2 decimal places)

Reference no: EM132394130

Questions Cloud

Discuss the laboratory testing that can be done : Discuss the laboratory testing that can be done. Describe if chromosomal analysis is/was indicated, and detail the chromosomal change that caused the disease.
Developing accountability in risk management : Developing Accountability in Risk Management. How do outcomes, causes, and risks differ, and what are the implications of confusing these?
Compute the value of the test statistic : At the 0.05 significance level, can we conclude that the mean waiting time is less than 3 minutes?
Implications of having fiber-optic cable to everyone home : What are the implications of having fiber-optic cable to everyone's home? How do you feel about the net neutrality issue?
Compute the value of the test statistic : Compute the value of the test statistic. (Round your answer to 2 decimal places)
Find the probability that a single randomly selected : A population of values has a normal distribution with µ=247 and s= 62.2. You intend to draw a random sample of size n=16.
Probability that you will succeed in completing a flush : Calculate the probability that you will succeed in completing a "flush".
Calculate x and y using the same initial conditions : Calculate x and y using the same initial conditions and parameters you did for the previous question, but this time run it for 500 iterations.
Which depositor creates donuts with a more consistent weight : Which depositor creates donuts with a more consistent weight? Explain your answer using a complete sentence.

Reviews

Write a Review

Business Management Questions & Answers

  Organization buildinghow does organization building

organization buildinghow does organization building contribute to transformational change? what are some strategies

  What is the importance of this separation

Why is this a best practice? How can this be accomplished and what is the importance of this separation?

  Information technology security policy framework

Establishing an effective Information Technology Security Policy Framework is critical in the development of a comprehensive security program. Additionally, there are many security frameworks that organizations commonly reference when developing t..

  Analyze to decide which is the best manufacturing option

What forces in the environment will be the most important to analyze to decide which is the best manufacturing option and what kind of management and information system will you need to make sure Lartor has sufficient control over cost and quality?

  Design a flowchart that is also a fully functional program

Using Visual Logic, design a flowchart that is also a fully functional program. According to your design, the program must:

  Identify and describe the strengths

1 Apply SWOT analysis to your organization and identify and describe the strengths, weakness, opportunities and threats 2 Assess and discuss the implications of key strengths, weakness, opportunities and threats ( in your list) to your organization

  What public policy trend do you consider most significant

what public policy trend do you consider most significant at the federal state and local levels? why?1. what public

  Townspeople at various prices

a) When the price of a doughnut is 50 cents, what is the market demand for doughnuts?

  Initial idea proposal through final deployment

When looking at the life span for the development of an application or system from the initial idea proposal through final deployment.

  How can a marketing plan be applied to a new product launch

How can a marketing plan be applied to a new product launch? Please use at least one reference for me to be able to research further.

  Examples of encapsulation or information

What are some examples of encapsulation or information hiding in the Bible?

  Morgan-s re-design using the spider plant metaphor

How might Morgan's re-design using the spider plant metaphor relate to how decisions are made, sources and nature of conflict.

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