Answer:
0.0930
Step-by-step explanation:
Given that one of your friends is testing the effect of drinking coffee on the duration of cold symptoms. The common cold lasts, on average, 6 days.
she tests a one-sided alternative about the population mean cold duration when drinking coffee, H0: μcoffee = 6 Ha: μcoffee < 6 She finds z = −1.68 with one-sided P-value P = 0.0465.
If hypotheses changed to two tailed as:
(Two tailed test)
Since we have mean difference and std error the same, test statistic would remain the same.
p value for two tailed would be = twice the p value for one tail
=
Answer:
The opportunity cost of going to see the Star Wars movie on Friday is $35.
Step-by-step explanation:
You won a free ticket to see the latest Star Wars movie this Friday night with a face value of $15.
Tickets to see your favorite band cost $30, and on any given day, you would be willing to pay as much as $50 for a ticket.
So, the opportunity cost of going to see the Star Wars movie on Friday =
dollars