What is alternative hypothesis and p-value

Assignment Help Business Economics
Reference no: EM132132933

An egg farmer wanted to determine if increasing the amount of time the lights were on in his hand house would increase egg production. For example of 8 chickens he determined the production before and after increasing the amount of time the lights were on. The sample mean for before was 5.125 and the sample mean after is 6.75. The sample standard deviation of the difference is 3.962. Add the 5% significance level, has there been an increase in production? What is alternative hypothesis and p-value?

Reference no: EM132132933

Questions Cloud

Average alcohol consumption in australia : Suppose you are a statistics consultant, hired to study whether a tax on alcohol has decreased average alcohol consumption in Australia
Discuss about the simple keynesian model : Businesses continually pressure the Federal Reserve to lower nominal interest rates. They argue that this action will lead to beneficial results in the economy.
Limit theorem and the empirical rule : In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal?
What percentage of the time is the owner waiting on table : What percentage of the time is the owner waiting on a table?
What is alternative hypothesis and p-value : Add the 5% significance level, has there been an increase in production? What is alternative hypothesis and p-value?
Identify five security threats : Identify five security threats (types of attacks) that are applicable and provide insight into the vulnerabilities that the threats pose.
What is the alternative hypotheses and p-value : At the 5% significance, does facility A produce higher a number of defective units out of its total production than facility B?
What is the change in the total amount : Assume a visitor from another nation decides to open a checking account at J & R National Bank. The visitor deposits $20,000 that is new money to the Macro.
What are your views on how the can be addressed : Australian are considered generally under-insured (from a personal insurance perspective). Discuss what this statement means and what are your views.

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