Reference no: EM131444613
The UNLV Mini Mart sells five different types of coffee mugs. The manager reports that the five types are equally popular. Suppose that a sample of 500 purchases yields observed counts 120, 90, 110, 100, and 80 for types 1, 2, 3, 4, and 5, respectively.
|
Type
|
1
|
2
|
3
|
4
|
5
|
|
Number of mugs
|
120
|
90
|
110
|
100
|
80
|
Assume we want to use a 0.05 significance level to test the claim that the five types are equally popular.
(a) Identify the null hypothesis and the alternative hypothesis.
(b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit.
(c) Determine the P-value for the test. Show all work; writing the correct P-value, without supporting work, will receive no credit.
(d) Is there sufficient evidence to support the manager's claim that the four types are equally popular? Justify your answer.
|
Calculate annual coupon interest payments
: Assume that today's date is February 15, 2015. Robin Hood Inc. bond is an annual-coupon bond. Par value of the bond is $1,000. Calculate annual coupon interest payments. Company-Robin Hood Price-128.499 Coupon Rate-6.534 Maturity date-2-15-2035 YTM- ..
|
|
Compute kevins taxable income
: Kevin recieved tax refunds when he filed his 2015 tax returns in April of 2016. His federal refund was $600 and his state refund was $300. Kevin claimed the $300 state tax overpayment as an itemized deduction on his 2015 return. Due to changes in cir..
|
|
Expected wait time for a hat before the sewing starts
: a. What is the expected wait time for a hat before the sewing starts? b. What is the average time to get a hat monogramed (wait time plus sewing)? c. What is the average number of hats waiting to start the monogram?
|
|
Create a wider or narrower interval
: Suppose you reduce your level of confidence to 90%. Will this create a wider or narrower interval? Does this mean that precision will increase or decrease?
|
|
Identify the null hypothesis and alternative hypothesis
: (a) Identify the null hypothesis and the alternative hypothesis. (b) Determine the test statistic. Show all work; writing the correct test statistic, without supporting work, will receive no credit. (c) Determine the P-value for the test. Show all..
|
|
Does nursing theory have a role in clinical practice
: What are your thoughts about nurses saying that "theory has no role in clinical practice"? Does nursing theory have a role in clinical practice? How would you use nursing theory to improve or evaluate the quality of clinical practice? Be sure to ..
|
|
Stock price in five years if p-e ratio remained unchanged
: Kellogg Co. (K) recently earned a profit of $2.52 earnings per share and has a P/E ratio of 19.50. The dividend has been growing at a 9 percent rate over the past few years. If this growth rate continues, what would be the stock price in five years i..
|
|
What is the yield to maturity on the bonds
: Dan is considering the purchase of Super Technology, Inc. bonds that were issued 7 years ago. When the bonds were originally sold they had a 26-year maturity and a 5.55 percent coupon interest rate, paid annually. The bond is currently selling for $1..
|
|
Identify the null hypothesis and alternative hypothesis
: (a) Identify the null hypothesis and the alternative hypothesis. (b) Determine the test statistic. Show all work; writing the correct test statistic, with out supporting work, will receive no credit.
|