Find the p-value for hypothesis test

Assignment Help Business Economics
Reference no: EM132124949

University bookstores order books that instructors adopt for the courses. The number of copies order matches the projected the demand. However, at the end of the semester the bookstore has too many copies on hand and must return them to the publisher. THe bookstore has a policy that the proportion of books returned should be kept as small as possible. the average is supposed to be less Than 10% . To see whether the policy is working, a random sample of 30 book titles was drawn and the fraction of the total originally ordered that are returned Is recorded. The sample mean is 8.1% and the sample standard deviation is 3.7%. Find the P-value for that this hypothesis test.

Ha :y < 10%

Round p-values to four decimals and include the leading zero.

Reference no: EM132124949

Questions Cloud

Find the p-value of hypothesis test : A random sample of 165 flights completed this year reveals that 153 were on time. Find the P-value of this hypothesis test.
Which type of growth strategy has enigma breweries adopted : Enigma Breweries plans to grow and expand its business and profits. Which type of growth strategy has Enigma Breweries adopted?
Find the probability of event c or event d occurring : A single card is randomly drawn from one standard 52-card deck of playing cards, and events C and D are as follows: C=the card drawn is a king
How does their business operation support their strategy : Supply chain, logistics, human resource development, inventory management, customer service, quality, forecasting.
Find the p-value for hypothesis test : The sample mean is 8.1% and the sample standard deviation is 3.7%. Find the P-value for that this hypothesis test.
How would the new culture impact the organization : Last year, you were tasked with deploying an employment engagement survey. While there are areas where the company is excelling, there is an opportunity.
Find the p-value for hypothesis test : In some states allow requires drivers to turn on their headlights when driving in the rain. A highway patrol officer believes that lesson one-quarter
Analyze the environment of failed healthcare organization : Includes assessment. Must post first. PEST is a great way to analyze the environment of a failed healthcare organization.
Explain how the converging-diverging sessions : What organizational conditions seem to support creative thinking at Nottingham-Spirk? Why do these conditions support creativity?

Reviews

Write a Review

Business Economics Questions & Answers

  Production function-what is the total cost to produce

An agricultural firm has a production function (products of the whole year) given by q = 500 SQRT(SF). q is output of agricultural products in pounds. S is land area in square feet. F is number of farmers working. Find the best way to produce 10000 p..

  Treasury bills usually less than federal funds rate

Explain carefully why interest rates on each of the following short-term financial instruments will be closely tied to the level federal funds rate: short-term bank CDs, short-term Treasury bills, short-term commercial paper. Why is the yield on shor..

  Checking account deposits at the chartered banks

If it is estimated that the checking account (demand) deposits at the chartered banks are $500. Using the above information, calculate M1, and money multiplier (m).

  What is the interval which would contain

Illustrate what is the estimated KWH also illustrate what is the interval which would contain 95 percent of such estimates.

  Describe elderly individuals who complain for cost

Describe elderly individuals who complain about the increasing cost of their medications have no real complaint.

  What price should it charge as competitive firm

The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve: Determine the profit-maximizing price of each meal assuming The Blue Dragon is behaving as a monopo..

  Analysis of the international economy

Develop a minimum 1,050-word analysis of the international economy in which you do the following:

  Internet banking likely to have on the demand for cash money

What impact is increased internet banking likely to have on the demand for cash money? Be specific and detailed in your answer.

  Aggregate demand and supply analysis to predict the effects

Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..

  Business cycles based on the idea of schumpeterian growth

The basic idea of Schumpeterian Business Cycles is that new technologies require creative destruction but will yield positive growth. These two opposing forces have impacts onto the real economy at different times, which will create fluctuations arou..

  Draw a production possibility frontier for the production

Draw a Production Possibility Frontier for the production of hamburgers and milkshakes at a hamburger restaurant.

  Three arguments used to promote

Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws

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