Write the null and alternative hypothesis

Assignment Help Business Economics
Reference no: EM132586842

Four different paints are advertised to have the same drying times. To verify the manufacturer's claim, seven samples were tested for each of the paints. The time in minutes until the paint was dry enough for a second coat to be applied was recorded. Below are the results which may be imported into MSExcel for analysis: (Assume the populations are normally distributed, the populations are independent and the population variances are equal)

Paint 1
Paint 2
Paint 3
Paint 4
120
120
117
128
112
130
122
131
121
121
123
131
118
126
115
129
118
126
123
127
121
114
126
126
118
117
126
137

a. Write the Null and Alternative hypothesis to test whether there is a difference in dry time between the samples of each paint?

b. What statistic would you use to analyze this?

c. At a 0.01 level of significance, what would be your decision rule?

d. From your analysis, is there a difference between drying times?

e. If there was a difference in dry times how would you determine which paint has the different drying time? (i.e. what formula would you use and what is your decision criteria?) (this is not asking for a calculation)

Reference no: EM132586842

Questions Cloud

State the null and alternative hypothesis : For cost purposes, Holly's Nursery managers use two and one half hours of labor time for planting a medium - sized tree.
What are arguments of the proponents of multiculturalism : What are the major arguments of the proponents of multiculturalism? What are the major arguments of multiculturalism's opponents
What would the computed value for the statistic be : A study by Consumer Reports showed that 70% of supermarket shoppers believe supermarket brands to be as good as national name brands.
MNG91217 Project Management Principles Assignment : MNG91217 Project Management Principles Assignment Help and Solution, Southern Cross University -Assessment Writing Service
Write the null and alternative hypothesis : Four different paints are advertised to have the same drying times. To verify the manufacturer's claim, seven samples
Explain concept by applying it to young girls experiences : Feminist writers have theorized that cultural constructions of menstruation indicate that "the aim is to contain the monstrous feminine."
What effect of the corona virus : What effect of the Corona virus on the international economy?
Find the optimal contract length when the marginal cost : Find the optimal contract length when the marginal cost of writing a contract of length L is:

Reviews

Write a Review

Business Economics Questions & Answers

  Draw a production possibility fronteir

With the aid of a diagram, draw a Production Possibility Fronteir (PPF) for an economy producing televisions and potatoes.

  Demand curve intersects the aggregate supply is saving zero

The output level at which the aggregate demand curve intersects the aggregate supply is Saving zero. Macro equilibrium is achieved. Full employment is sustainable. Micro equilibrium is achieve

  Interest rates are rising-using graphical analysis

Interest rates are rising and there is an expectation among consumers that there will be a severe recession over the coming months. Using graphical analysis, demonstrate the impact each of these will have on the economy and specifically on Canadian G..

  Budgetary cuts from the various levels of government

What are the social and global economic impacts on health care in the present day relating to budgetary cuts from the various levels of government (local, state, and federal)?

  What is the level of production-price and total profit

A monopolist faces the following demand curve: P = 120 - .02Q . The firms cost function is given by C = 60Q + 25; 000: Assume that the firm maximizes profits. What is the level of production, price, and total profit per week? What will be the level o..

  Debits or credits in the us balance of payments

1. Classify each of the following as debits or credits in the U.S. balance of payments.

  What is the expected end of year after tax cash flow

The current price of scrap steel is $6/pound, but it was 4.87/pound just 4 years ago. What is the average inflation rate for scrap steel? Assuming in the last year of a project that Revenue was $100,000, Expenses were $50,000, Working Capital Release..

  Maximizing output for price searcher who is making zero

In class is was claimed that at the wealth maximizing output for a price searcher who is making zero (economic) profits, the Average Total Cost Curve must be tangent to the Demand Curve rather than merely be equal to but bisecting the Demand (either ..

  What is the value of the insurance policy today

If the interest rate is 9% compounded monthly. What is the value of the insurance policy today?

  Required to produce the first unit in production run

380 labor hours were required to produce the first unit in a production run. 140 labor hours were required to produce the 4^th unit. You base been asked to determine a quote for an order of 4 units. If the labor rate is $25,00 per hour, how much will..

  Company propose for the funds raised by the ipo

What does this company do? What purpose does the company propose for the funds raised by the IPO?

  Performance appraisal and compensation packages

How are its performance appraisal and compensation packages in these locations different from those in countries with individualistic cultures like the United

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