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Recently the national average yield on municipal bonds has been μ = 4.19%. A random sample of 16 Arizona municipal bonds gave an average yield of 5.11% with a sample standard deviation s = 1.15%. Does this indicate that the population mean yield for all Arizona municipal bonds is greater than the national average? Use α = 0.05. Assume x is normally distributed.
a) State the null and the alternate hypothesis.
b) Identify the sampling distribution to be used: the standard normal distribution or the Student's t distribution. Find the critical value(s).
c) Compute the z or t value of the sample test statistic.
d) Find the P value or an interval containing the P value for the sample test statistic.
e) Based on your answers to a through d, decide whether or not to reject the null hypothesis at the given significance level. Explain your conclusion in the context of the problem.
A certain airplane has 2 independent alternators to provide electrical power. The probability that a given alternator will fail on a 1 hour flight is 0.02. What is the probability that (a) both will fail? (b) Neither will fail? (c) One or the othe..
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Perform a proper analysis. Describe your null and alternative hypothesis, report the p-value. What is your conclusion?
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Researcher asked group of 30 students - 12 of them supported change, 13 of them didn't, and 5 had no opinion. This is not binomial model as?
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