Hypotheses test for single mean

Reference no: EM1315915

A large company that produces allergy medications claims that Americans lose an average of 40 hours of work to problems related to seasonal allergies. A consumer advocacy group believes that this claim is actually just "hype" intended to sell more medication. The advocacy group would like to obtain statistical evidence about this issue and takes a random sample of 100 American workers. They find that these 100 people lost an average of 38 hours with a standard deviation of 9.5 hours. What is the P-value for this significance test?

A) 0.98

B) 0.50

C) 0.04

D) 0.02

Reference no: EM1315915

Questions Cloud

Stating hypotheses for single-mean test : What are the null and alternative hypotheses in this situation?

Preparing of single step and multi step income statements : Preparing of single step and multi step income statements given the revenue and expenses account balances and tax rate and prepare two income statements and the Retained Earnings Statement. Use the single-step format and multiple-step income formats.

Find the domain of given equation : Find the domain of given equation.

Calculate minimum income to ensure positive utility : Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?

Hypotheses test for single mean : They find that these 100 people lost an average of 38 hours with a standard deviation of 9.5 hours. What is the P-value for this significance test?

What did you find to be the most valuable information : Valuable information or data regularly covered in the company - What did you find to be the most valuable information or data regularly covered in The WSJ and why and How will you utilize the WSJ in your personal life or career after this course?

Petersburg paradox-positive expected value of game : Assume that the payouts of the game were changed (if necessary) such that it results in gamblers having a positive expected value.

Find composition of two equation : Find composition of two equation

Ratio analysis and assets and liability classifications : Ratio analysis, assets and liability classifications, revenue and expenses reporting, basis and calculations for accrual basis accounting and reporting and Basic earnings per share is evaluated

User Account

All Pages