A man bought a computer on hire purchase by making a down payment of$1500 and twelve monthly payments of $250 each. calculate th
1 answer:
You might be interested in
Answer:
Pvalue of 0.0446 < 0.05, which means that we reject the null hypothesis and accept the alternative hypothesis, that the true mean is larger than the specification.
Step-by-step explanation:
The average weight of a package of rolled oats is supposed to be at most 18 ounces.
This means that the null hypothesis is:
Is the true mean larger than the specification?
Due to the question asked, the alternate hypothesis is:
The test statistic is:
In which X is the sample mean, is the value tested at the null hypothesis,
is the standard deviation and n is the size of the sample.
18 is tested at the null hypothesis:
This means that
A sample of 18 packages shows a mean of 18.20 ounces with a sample standard deviation of 0.50 ounces.
This means that
Value of the test statistic:
Pvalue of the test:
Probability of finding a sample mean above 18.2, which is 1 subtracted by the pvalue of z = 1.7.
Looking at the z-table, z = 1.7 has a pvalue of 0.9554.
1 - 0.9554 = 0.0446
0.0446 < 0.05, which means that we reject the null hypothesis and accept the alternative hypothesis, that the true mean is larger than the specification.