I paid $15 for 6 pounds of gasoline . What was the price PER gallon ?
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Answer:
Step-by-step explanation:
Hello!
So you have a new type of shoe that lasts presumably longer than the ones that are on the market. So your study variable is:
X: "Lifetime of one shoe pair of the new model"
Applying CLT:
X[bar]≈N(μ;σ²/n)
Known values:
n= 30 shoe pairs
x[bar]: 17 months
S= 5.5 months
Since you have to prove whether the new shoes last more or less than the old ones your statistical hypothesis are:
H₀:μ=15
H₁:μ≠15
The significance level for the test is given: α: 0.05
Your critical region will be two-tailed:
So you'll reject the null Hypothesis if your calculated value is ≤-1.96 or if it is ≥1.96
Now you calculate your observed Z-value
Z=<u>x[bar]-μ</u> ⇒ Z=<u> 17-15 </u> = 1.99
σ/√n 5.5/√30
Since this value is greater than the right critical value, i.e. Zobs(1.99)>1.96 you reject the null Hypothesis. So the average durability of the new shoe model is different than 15 months.
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