Significant amount of annual disposable income

Assignment Help Basic Statistics
Reference no: EM131501147

With the below question, I believe that I am required to do a Hypothesis Test. However, I am unsure how to conduct this in order to answer the below question properly. Could you please help on how to do this hypothesis test? The n = 191. Specifically, I am really unsure what the null hypothesis and alternative hypothesis is.

"Based on casual observation, my sense is that out biggest shopper segment is established adults above 40 with a significant amount of annual disposable income (i.e. with disposable incomes between $80,001 and $100,000 per year). Can you establish whether this conjecture is true?"

Reference no: EM131501147

Questions Cloud

Terms of dimensions of overall measures : Do survey participants who have different IT roles (Q1) differ in terms of dimensions of overall measures (Q4-Q7).
What is the expected npv of project : Fethe's Funny Hats is considering selling trademarked, orange-haired curly wigs for University of Tennessee football games. What is the expected NPV of project?
Prepare the journal entries for any impairment loss : Required: Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations
What is the future value compounded quarterly : What is the future value of $1,100, placed in a savings account for four years if the account pays 6.00%, compounded quarterly?
Significant amount of annual disposable income : Based on casual observation, my sense is that out biggest shopper segment is established adults above 40 with a significant amount of annual disposable income.
Federal governments take to keep drug prices down : What can state and federal governments take to keep drug prices down? Why are state governments interested in keeping prescription prices lower?
What is the value of the ordinary shares : What is the value of the ordinary shares if you require a 12% return?
What is your expected return : If you require an 8% return, given the current price, should you sell or buy more preference shares? What is your expected return?
Sampling distribution of the proportions : Find the standard deviation of the sampling distribution of the proportions?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Natural tolerances for the distance between the holes

Mounting-hole distances. Figure 27.10 (page 27-23) displays a record sheet for 18 samples of distances between mounting holes in an electrical meter. The data file adds  and s for each sample.

  Statistical quality in an organization

Statistical Quality in an Organization

  Construct a 95 confidence interval for the population

in a survey 1864 out of 2246 randomly selected adults in the united states said that texting while driving should be

  Question on normal distribution and z-score

The amounts of money requested on home loan applications at a particular bank follow the normal distribution, with a mean of $80,000 and a standard deviation of $24,000. A loan application is received during the day.

  Everlast automobile tires-normal distribution with mean

Research shows that the life time of Everlast automobile tires is normally distributed with a mean value of 70,000 miles and a standard deviation of 7,000 miles. What is the probability of having a tire that lasts more than 80,000 miles?

  A dice is thrown thrice

A dice is thrown thrice. What is the probability that the largest score that turns up is three times the smallest?

  A newspaper article reported that a poll based on a sample

a newspaper article reported that a poll based on a sample of 1150 residents of a state showed that the states

  Lower number of purchases

What type of t test should be used to decide if there was a significantly lower number of purchases made while the signs were displayed? Using the results provided, tell me if the results were significant (and why)?

  Normally distributed population

Suppose we have the following data: From a normally distributed population we take a sample of size 25, the mean of the sample is 2.2 and the sample standard deviation is 0.42.

  Find the sample mean of observations

1) We test the null hypothesis H0: μ = 10 and the alternative Ha: μ ≠ 10 for a normal population with σ = 4. A random sample of 16 observations is drawn from the population and we find the sample mean of these observations is x = 12. The P-value is c..

  Relationship drugs-reoffending-non directional hypothesis

Non directional/ Are reoffending and drugs related? Directional/ Are reoffending and drugs inversely related, such that drugs decrease as reoffending increases?

  Statistics solution manual openintro

Thanksgiving spending, Part II. Exercise 4.12 provides a 95% confidence interval for the average spending by American adults during the six-day period after Thanksgiving 2009: ($80.31,$89.11).

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