Determine the p-value and report the results

Assignment Help Basic Statistics
Reference no: EM132447803

Question 1: At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, "You can average $80 a day in tips." Assume the population of daily tips is normally distributed with a standard deviation of $9.95. Over the first 35 days she was employed at the restaurant, the mean daily amount of her tips was $84.85. At the .01 significance level, can Ms. Brigden conclude that her daily tips average more than $80?

Question 2: The mean income per person in the United States is $50,000, and the distribution of incomes follows a normal distribution. A random sample of 10 residents of Wilm¬ington, Delaware, had a mean of $60,000 with a standard deviation of $10,000. At the .05 level of significance, is that enough evidence to conclude that residents of Wilmington, Delaware, have more income than the national average?

Question 3: Refer to the Lincolnville School District bus data.

a. Select the variable for the number of miles traveled last month. Conduct a hypothesis test to determine whether the mean miles traveled last month equals 10,000. Use the .01 significance level. Find the p-value and explain what it means.

b. A study of school bus fleets reports that the average per bus maintenance cost is $4,000 per year. Using the maintenance cost variable, conduct a hypothesis test to determine whether the mean maintenance cost for Lincolnville's bus fleet is more than $4,000 at the .05 significance level. Determine the p-value and report the results.

Attachment:- Practice Problems.rar

Reference no: EM132447803

Questions Cloud

Public policy can make significant impact on economy : Public policy can make a significant impact on the economy. For example, raising the minimum wage can increase operating expenses for some small businesses.
Building stones on the ncsu campus : Suggest multiple reasons why some of the rock types that you learned about in Lab 4 are not used in campus buildings.
Describe the circumstances under the retail inventory method : Describe the circumstances under which the retail inventory method would be applied and the advantages of using the retail inventory method.
Record Purchased merchandise on account from Salinas Company : Record these transactions in a general journal - Purchased merchandise on account from Salinas Company: Invoice 100 for $1,035; terms n/30
Determine the p-value and report the results : Conduct a hypothesis test to determine whether the mean miles traveled last month equals 10,000. Use the .01 significance level. Find the p-value and explain
Discuss about financial analyst skills : Assess the key ratios for profitability, liquidity, and solvency used by financial analysts to evaluate the financial performance of a company
Discuss theories of life-span development : Discuss theories of life-span development by evaluating a theory that seems especially relevant to you and your role as a social worker
What is continental drift : What is continental drift? What was Alfred Wegener's hypothesis for continental drift, and why was his idea not accepted?
Examine the various types of financial fraud : Evaluate the legal environment for liability related to financial audits and the proactive activities that a professional may take to prevent litigation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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