What is the p-value of your hypothesis test

Assignment Help Business Management
Reference no: EM133014479

A test of the breaking strengths of seven ropes manufactured by a company showed a mean breaking strength of 6,150 pounds and a standard deviation of 100 pounds. The manufacturer claims the mean breaking strength is 6,225 pounds.

You run a hypothesis test with H0: μ ≥ 6,225 and H1: μ < 6,225. Technically you should run a t-test but for purposes of this exercise, you use the normal distribution. You also use the sample standard deviation as the population standard deviation.

1. Does the test data support the manufacturer's claim at a 5% level of significance? What about a 1% level of significance?

2. What is the p-value of your hypothesis test?

Reference no: EM133014479

Questions Cloud

What are the tools or equipment need : What are the tools or equipment need to be prepared while receiving and checking incoming stock or deliveries?
What is the p-value of the test : A researcher tested 100 chemical solutions for the presence of a certain element. The sample average was 8.30% with a sample standard deviation of 0.03%. Let µ
Design and develop information systems : Using the information provided in the case study, build a Use Case Diagram using any diagramming software.
Prepare a schedule showing the intangible asset : Prepare a schedule showing the intangible asset section of Janes's December 31, 2021, balance sheet
What is the p-value of your hypothesis test : A test of the breaking strengths of seven ropes manufactured by a company showed a mean breaking strength of 6,150 pounds and a standard deviation of 100 pounds
Explain milton friedman arguments supporting : Explain Milton Friedman's arguments supporting that a company's only obligation is to make money.
Why are ppps the most common type of dmo structure : What are the weaknesses of this structure? What is the most common method of DMO funding?
Calculate the basic eps for abc ltd for the year ending : As of 30 June 2022, there were 9.75 million ordinary shares on issue. Calculate the basic EPS for ABC Ltd for the year ending 30 June 2023
Essay for business issue of coca cola company : Article Review 2 of Writing a two page essay for business issue of Coca Cola Company name: Coca Cola

Reviews

Write a Review

Business Management Questions & Answers

  Calculate the taxable equivalent rate of return

Calculate the taxable equivalent rate of return if BB's marginal tax rate is 33%.

  1how well do pouches of mackerel satisfy the six properties

1.how well do pouches of mackerel satisfy the six properties of ideal money durable portable divisible uniform quality

  Computer crime scene investigation standard operating

Create your own Computer Crime Scene Investigation Standard Operating Procedures (SOP). Assume that you are the Program Manager of a new company that specializes in Computer Crime Scene Investigations.

  Analyze the methods used by nasa in its structured profit

Analyze the methods used by NASA in its structured profit approach, and speculate on how VectorCal could possibly use the same structured profit approach with their manufacturing operations. Support your analysis with examples of such an approach.

  Nearshoring and offshoring differ from re-shoring

You are leading a project in which you may need to outsource a key portion of the project. You are not sure which outsourcing options make sense for your firm.

  Information technology affect organizational dynamics

How does information technology affect organizational dynamics? Do you think those affects are positive or negative? Why?

  The justice department prosecuted under the act

The Justice Department prosecuted under the act, claiming that the merger would establish a violation of the antitrust laws

  Is there anything you would like to have clarified

Was there anything that you've already taken and applied in your workplace? Is there anything you would like to have clarified? What are your goals for the next week?

  Improve the organization culture

What recommendations support how the study of power and politics could influence leadership behavior and improve the organization's culture?

  How did management handle the crisis

1. What was the outcome of the BP oil spill in April 20th 2010 2. How did management handle the crisis?

  Develop a detailed agenda for the given kaizen event

Develop a detailed agenda for this kaizen event. Your agenda should outline the event's activities, timing, duration, and Lean tools. Explain your rationale for each agenda item.

  Discuss the importance of measuring sales performance

Account for the interfaces between selling and other marketing communications mix elements, detailing one such interface with examples.

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