Is the true mean greater than the hypothesized mean

Assignment Help Business Economics
Reference no: EM132135981

In a certain city, a school administrator hypothesized that students enroll in school within 5 km from their homes. To check this claim you asked 30 student from the said city and you found that the mean distance between their schools and homes is 5.3 km with standard deviation of 0.2 km. Is the true mean greater than the hypothesized mean? Use α = 0.05.

Reference no: EM132135981

Questions Cloud

Define an s - t cut for node-capacitated networks : In a standard s - t maximum flow problem, we assume edges have capacities, and there is no limit on how much flow is allowed to flow through a node.
Write a select statement that returns one column : Write a SELECT statement that returns one column from the Vendor table named Full Name.
What was the total cost of this survey : Of the people interviewed, 220 liked a thin crust, 270 like a thick crust, 70 liked both and 50 did not like pizza at all. What was the total cost of this surve
Create a stack using linked lists if we force ourselves : We can create a stack using linked lists if we force ourselves to insert and remove nodes only at the top of the list.
Is the true mean greater than the hypothesized mean : Is the true mean greater than the hypothesized mean? Use a = 0.05.
What is the probability : If a home is known to be more than $250 000, what is the probability that it is less than $280 000?"
What is the probability : b. What is the probability that all 14 workers from the sample cashed out their retirement? accounts?
Assign to variable numyes the number of occurrences : Write Python statements corresponding to the following assign to variable numYes the number of occurrences of 'Y' in list answers.
What do all the changes really mean for healthcare : What do all the changes really mean for healthcare - How will healthcare systems evolve to best leverage a global market for their services

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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