Test the hypothesis that the average age of cars

Assignment Help Accounting Basics
Reference no: EM13765428

The Department of Transportation would like to test the hypothesis that the average age of cars on the road is less than 10 years. A random sample of 50 cars had an average age of 9.5 years. It is believed that the population standard deviation for the age of cars is 3.4 years. The Department of Transportation would like to set α = 0.10. Which one of the following statements is true

A. Because the p-value is less than α, we fail to reject the null hypothesis and conclude that the average age of cars on the road is less than 10 years.

B. Because the p-value is greater than α, we reject the null hypothesis and cannot conclude that the average age of cars on the road is less than 10 years.

C. Because the p-value is less than α, we reject the null hypothesis and conclude that the average age of cars on the road is less than 10 years.

D. Because the p-value is greater than α, we fail to reject the null hypothesis and cannot conclude that the average age of cars on the road is less than 10 years.

Reference no: EM13765428

Questions Cloud

What is the net present value of this investment : An orcharder spends $100,000 to planet pomegranate bushes. It will take four years for the bushes to provide a usable crop. He estimates that every year for 20 years after that he will receive a crop worth $9,500 per year. If the discount rate is 9%,..
What is annas holding period return : Anna purchased 100 shares of spring, inc. stock of at a price of $54.34 three years ago. She sold all stocks today for $53.35. During the year the stock paid dividends of $3.25 per share. What is Anna's holding period return?
Problems related to vietnam : 1. What, if anything, can Western countries do to help improve the political climate for doing business in Vietnam? Give specific examples.
What are the net cash flows of the project for the years : Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,310,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life.
Test the hypothesis that the average age of cars : The Department of Transportation would like to test the hypothesis that the average age of cars on the road is less than 10 years. A random sample of 50 cars had an average age of 9.5 years. It is believed that the population standard deviation fo..
Rise to a triangular arbitrage opportunity : What is IFE? If the expected US one-year interest rate is 0.25%, expected UK one-year interest rate is 0.5%, use IFE to predict the expected pound spot rate in dollar one year from now.
Telecommunications-networking routing algorithms : Complex routing algorithms are used to maintain routing tables. What algorithms are used, and how do they work? What are the advantages and disadvantages of each?
What is the target variable cost per mouse : A company believes it can sell 5,600,000 of its proposed new optical mouse at a price of $10.00 each. There will be $8,000,000 in fixed costs associated with the mouse. If the company desires to make a profit $2,000,000 on the mouse, what is the targ..
Construct one original descriptive argument : Descriptions "describe"-they depict the "what is" of a statement. Prescriptions "prescribe"-they express the "what ought to be" of a statement. Construct one original descriptive argument and one original prescriptive argument for the topic you sel..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate rons gross and net pay how excited should ron be

ron works for the local supermarket. rons pay is 10 per hour for the first forty hours each week. he receives time and

  Three years ago a machine was purchased for 5000 assuming a

three years ago a machine was purchased for 5000. assuming a ten-year life and straight line depreciation with a no

  Annual per-share dividend

Analyze: what annual per-share dividend was paid to common stockholders in 2010?

  On january 2 2009 porter corporation issued 30000 shares of

on january 2 2009 porter corporation issued 30000 shares of 6 cumulative preferred stock at 100 par value. on december

  A depreciation method in which a plant assets depreciation

a depreciation method in which a plant assets depreciation expense for a period is determined by applying a constant

  Warren and spencer are partners in a drilling

warren and spencer are partners in a drilling operation.warren purchased a drilling rig to be used in the partnerships

  Do the following scenarios qualify as section 351

do the following scenarios qualify as section 351 nontaxable transfers? if so for which transferors-shareholders does

  Prepare the shareholders equity section of tnl systems

the shareholders equity section of the balance sheet of tnl systems inc. included the following accounts at december 31

  In 2013 alex a calendar-year taxpayer purchased business

in 2013 alex a calendar-year taxpayer purchased business equipment 5-year property for 700000. the property was placed

  Dee brewery issued 35000000 of bonds on 7100 the bonds have

dee brewery issued 35000000 of bonds on 7100. the bonds have a term of 10 years with an 8 interest rate. interest is

  On march 1 2013 beldon corporation purchased land as a

on march 1 2013 beldon corporation purchased land as a factory site for 60000. an old building on the property was

  The kroger co is one of the largest retailers in the united

the kroger co. is one of the largest retailers in the united states and also manufactures and processes some of the

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