State your null and alternative hypotheses

Assignment Help Finance Basics
Reference no: EM131042156

The belief is that the mean number of hours per week of part-time work of high school seniors in a city is 10.5 hours. Data from a simple random sample of 22 seniors indicated that their mean number of parttime work was 12.3 with a standard deviation of 1.3. Test whether these data cast doubt on the current belief. (use " = 0.05)

Part a: State your null and alternative hypotheses.

Part b: Sketch the rejection region.

Part c: Calculate the test statistic. Plot this value in your sketch in part b.

Part d: Determine the P-value for your test.

Part e: State your conclusions clearly in complete sentences.

Reference no: EM131042156

Questions Cloud

Create a blog where you provide evidence : You are required actively to engage with the material by writing a short discussion of how the material - you mention any extra material relevant to the activity that you have researched on the net.
What are the appropriate hypotheses : A marketing survey involves product recognition in New York and California. Of 558 New Yorkers surveyed, 193 knew the product while 196 out of 614 Californians knew the product. At the 0.05 significance level, test the claim that the recognition r..
Polynomial quotient and a polynomial remainder : Division can be performed via long division. That is, divide the highest-order term of the dividend by the highest-order term of the divisor. The result is the first term of the quotient. Next, multiply the result by the divisor, subtract that fro..
Identify the consequences of rapid population growth : Identify the consequences of rapid population growth and overpopulation for developed and underdeveloped areas. What are the solutions to the population problem? Who will these solutions affect the most and why?
State your null and alternative hypotheses : The belief is that the mean number of hours per week of part-time work of high school seniors in a city is 10.5 hours. Data from a simple random sample of 22 seniors indicated that their mean number
Evidence against the null hypothesis : Why do very small p-values indicate that the evidence against the null hypothesis is strong?
Write a paper about introduction to cultural anthropology : Write a term paper about Introduction to Cultural Anthropology. A Comparison of American and Japanese Death Ritual.
Analyze the various primary and secondary stakeholder groups : Specify the nature, structure, and types of products or services of Apple, and identify two (2) key factors in the organization's external environment that can affect its success. Provide explanation to support the rationale.
Both rectangular and polar representations : Suppose we want to have a polynomial system that is efficient for both sparse and dense polynomials. One way to do this is to allow both kinds of term-list representations in our system. The situation is analogous to the complex-number example of ..

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the price of the bonds

Renfro Rentals has issued bonds that have a 11% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to maturity of 9%. What is the price of the bonds? Round your answer to the nearest cent.

  What will be your estimate of npv and irr

What will be your estimate of NPV and IRR if the average RDS sales price per unit must be reduced by 5 percent (from $10,900 per unit to $10,355 per unit) in order to sell the 18,000 proposed units that are being manufactured? Will you still recommen..

  How much in new fixed assets are required to support

How much in new fixed assets are required to support this growth in sales? Assume the company maintains its current operating capacity.

  Describe why a manager needs to understand the characteristi

Summarize the role of management as it relates to finance in a corporation. In your post, address the following: Indicate the various aspects of finance that management must understand. Describe why a manager needs to understand the characteristics a..

  Wat does it mean to you to live an honest financial life

what does it mean to you to live an honest financial life ? provide an example of someone who has not live an honest

  What would be the may balance of accounts receivable for

diamond window corporations sales half of which are for cashmarch april may140000 240000 160000a. estimate diamonds

  Compute the current price of the company stock

Mack Industries just paid a dividend of $1 each share. Analysts expect the company's dividend to grow 20 percent this year, and 15 percent next year.

  Find the annual interest rate

Find the annual interest rate

  Identify inventory safety stocks

A lockbox plan is Answer used to protect cash, i.e., to keep it from being stolen. used to identify inventory safety stocks. used to slow down the collection of checks your firm writes. used to speed up the collection of checks received.

  Develop a three-to four-page analysis excluding title page

Develop a three-to four-page analysis, excluding the title page and reference pages, on the projected return on investment for your college education and profected future employment. This analysis will consist of two parts.

  Explain mutually exclusive projects

Explain mutually exclusive projects and Construct a choice table for interest rates from 0% to 100%

  If you had a payment that was due you in 5 years for 50000

if you had a payment that was due you in 5 years for 50000 and you could earn a 5 rate of return how much would you

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