What would be appropriate null and alternative hypothesis

Reference no: EM131405413

The president of a company that manufactures central home air conditioning units has told an investigative reporter that at least 85% of its homeowner customers claim to be "completely satisfied" with the overall purchase experience.

If the reporter were to subject the president's statement to statistical scrutiny by questioning a sample of the company's residential customers, would the test be one-tail or two-tail? What would be the appropriate null and alternative hypotheses?

Reference no: EM131405413

Questions Cloud

Opportunity cost of going to college next year : Sandy could take a job paying $10,000 a year when she graduates from high school, or she can go to college and pay $9,000 a year for tuition. Measured in dollars, what is her opportunity cost of going to college next year?

What is the accounting value of country a : What is the accounting value of Country A's Net International Investment Position at the beginning of 2015?

Pure-strategy nash equilibria : a. Write out or graph each player's best-response correspondence. b. What outcomes can be supported as pure-strategy Nash equilibria?

Determining the lawsuit and litigates : Honest John s law firm currently charges a $500 fee per lawsuit and litigates 40 cases per month. John, the firm s president, believes that reducing the fee to $450 per case would increase the firm s caseload to 50 per month. The firm could handle..

What would be appropriate null and alternative hypothesis : If the reporter were to subject the president's statement to statistical scrutiny by questioning a sample of the company's residential customers, would the test be one-tail or two-tail? What would be the appropriate null and alternative hypotheses..

Demand for the company product : The manager of a company notices that the company's total revenue would increase if the manager raises the price of the company's product. Accordingly, the manager can assert that the demand for the company's product is: elastic or inelastic, or z..

Analyze time interest earned and gross profit margin ratios : Calculate and analyze the following ratios for your selected company for the last two years from the SEC Form 10-K: Current Ratio, Inventory Turnover, Debt Ratio, Time Interest Earned and Gross Profit Margin.

Describe the competing views : Describe the competing views on whether and how the budget deficit impacts economic growth.

Would given be a type i error or a type ii error : If the scientist is correct, and the world does not take her seriously, would this be a Type I error or a Type II error? Briefly explain your reasoning.

User Account

All Pages