What is the p-value

Assignment Help Basic Statistics
Reference no: EM13111619

Last year the records of Dairy Land Inc., a convenience store chain, showed the mean amount spent by a customer was $30. A sample of 40 transactions this month revealed the mean amount spent was $33 with a standard deviation of $12. At the 0.05 significance level, can we conclude that the mean amount spent has increased? What is the p-value? Follow the five-step hypothesis testing procedure.

Reference no: EM13111619

Questions Cloud

Hypothesis testing to compare two populations : The company believes that it averages about the same weight per bag in each of two production lines. To test this idea, they will perform a hypothesis test to compare the two lines at the alpha level of 0.05. State the null and alternative hypothe..
What would be your expected results : If you were given a sample of chromosomal DNA and asked to determine if it is bacterial or eukaryotic, what experiment would you perform, and what would be your expected results?
Determining null hypothesis : A manufacturer wants to increase the absorption capacity of a sponge. Based on past data, the average sponge could absorb 3.5 ounces.
Importance of economics as it relates pollution prevention : Discuss the importance of economics as it relates to pollution prevention. Supple at least two seperate examples to augment your discussion.
What is the p-value : Last year the records of Dairy Land Inc., a convenience store chain-What is the p-value? Follow the five-step hypothesis testing procedure.
Why might low blood sugar levels occur : Discuss the events that take place with glucose levels and insulin secretion both after and meal and during exercise. Why might low blood sugar levels occur?
Find concentration of hydrogen ions in the rainfall : The pH of uncontaminated rain water is about 5.6. The pH of rain falling in Cleveland, OH is 4.2 and that in Omaha, NE is 5.5. What is the concentration of hydrogen ions in the rainfall of each city? [H] 6.3 ^ -5 for Cleveland.
What is a reasonable conclusion : Henri tested the effects of a blood pressure reducing drug and found that blood pressure dropped significantly in those treated but did not change in an untreated control group. What is a reasonable conclusion from this experiment?
Description of z test for proportion : The producer of a TV special expected about 40 percent of the viewing audience to watch a rerun of a 1965 Beatles Concert. A sample of 200 homes revealed 60 to be watching the concert.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Identify the regression equation

Identify the regression equation and make the prediction. Show your procedure, or explain how you reached your answer. Costs of Television: Find the best predicted quality score of a Hitachi television with a price of $1900. Is the predicted qualit..

  Relative risk and odds ratio

Do you think this detection bias would strengthen or attenuate the association between vegetarian diet and learning disabilities? Defend your choice briefly.

  Marginal probability-conditional probability

If an apartment is selected at random, what is the probability that it is not a 2 bedroom apartment on the 2nd floor?

  Measures of center for the given data

Determine the mean number of times the machine was used per day.

  Improving the fit of regression model

How might you go about creating a stronger regression model? For example, you have a multiple regression model with an adjusted R-Square of 0.49, which would explain 49% of the variance of the dependent measure

  Simple regression analysis-state crime case

We are asked to investigate the hypothesis that the number of crimes is related to police expenditures because states with higher crime rates are likely to increase their police force, thereby spending more on the number of officers on the street.

  Seamstress performing at an acceptable quality level

A sample has just been taken with the following lengths: 21.25, 22.0, 21.5, 20.75, 21.25, 21.35, 21.35, 21.35, 21.35, 21.35, 21.35, and 21.35. Is the new seamstress performing at an acceptable quality level?

  Probability that simple random sample automobile insurance

What is the probability that a simple random sample of automobile insurance policies will have a sample mean within $25 of the population mean the for each of the following sample sizes: 30, 50, 100, 400?

  Hypothesis testing for matched sample

Estimate with 95% confidence the mean reduction in time it takes for someone who has taken the sleeping pill to fall asleep.

  Computing the mean and median mileages

Each vehicle had the gallon of gas added to the empty tank and then driven until empty. Number of miles travelled for all twelve readings are below. Use data to compute the mean and median mileages.

  Central limit theorem and poisson distribution

A business has 5 telephone lines. The first rings every minute on the average, the second every ½ minute, the third every 2 minutes, the fourth every 5 minutes,

  Probability for testing having defective brakes

A sample of 4 trucks is randomly selected. What is the probability that 2 of those tested have defective brakes.

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