1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kruka [31]
2 years ago
10

A recent national survey found that high school students watched an average (mean) of 6.8 DVDs per month with a population stand

ard deviation of 1.8 DVDs. The distribution of DVDs watched per month follows the normal distribution. A random sample of 36 college students revealed that the mean number of DVDs watched last month was 6.2. At the .05 significance level, can we conclude that college students watch fewer DVDs a month than high school students?
value:
10.00 points
Required information
a. State the null hypothesis and the alternate hypothesis.
b. State the decision rule.
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign.Round your answer to 1 decimal place.)
d. What is your decision regarding H0?
e. What is the p-value? (Round your answer to 4 decimal places.)
Business
1 answer:
Lunna [17]2 years ago
3 0

Answer:

A)Null hypothesis; μ ≥ 6.8

Alternative hypothesis; μ < 6.8

B) The decision rule is that we reject the null hypothesis for all z-scores less than - 1.65

C)test statistic: z = -2

D) We reject Null hypothesis H0.

E) P-value ≈ 0.0228

Explanation:

We are given;

Sample size; n = 36

Population mean; μ = 6.8

Sample mean; x¯ = 6.2

Standard deviation; σ = 1.8

A) Let's state the hypotheses;

Null hypothesis; μ ≥ 6.8

Alternative hypothesis; μ < 6.8

B) The significance level is 0.05.

Let us find out the z-score that corresponds to a probability of 1 - 0.5 - 0.05 = 0.45 in the normal probability table attached.

From the table attached, we can that the corresponding z-score is approximately 1.6 + 0.05 = 1.65

The alternative hypothesis contains less than symbol which means this test is left tailed.

Thus, the rejection region includes all z-scores that are smaller than -1.65. Which means we reject the null hypothesis for all z-scores less than - 1.65

C) Formula for the test statistic is;

z = (x¯ - μ)/(σ/√n)

z = (6.2 - 6.8)/(1.8/√36)

z = -0.6/0.3

z = -2

D) The test statistic gotten is z = -2

This is less than the z-score for the rejection the rejection region is answer B above.

Thus, we reject the null hypothesis.

E) from online p-value from z-score calculator attached , using; z = -2; significance value = 0.05, one tailed hypothesis, we have;

P-value = 0.02275

To 4 decimal places gives;

P-value ≈ 0.0228

You might be interested in
The Widget Co. purchased new machinery three years ago for $4 million. The machinerycan be sold to the Roman Co. today for $2 mi
Oduvanchick [21]

Answer: A. $4,600,000; $3,900,000

Explanation:

Based on the information that have been provided in the question, the book value will be calculated as:

= Net working capital + Current liabilities + Net fixed assets

= $725,000 + $1,375,000 + $2,500,000

= $4,600,000

Market value will be:

= $1,900,000 + $2,000,000

= $3,900,000

Therefore, the answer is option A.

4 0
3 years ago
__________ is an example of a term that is unique to a regional culture in the United States. a. Nope b. Fix’n c. Cool d. Really
insens350 [35]

Answer:

B. Fix'n

Explanation:

I got a 100% on my quiz

8 0
3 years ago
Read 2 more answers
The Perfect Manager (Scenario)Brenda Kraft has proven herself to be an able manager. Her section has a high project completion r
geniusboy [140]

Answer and Explanation: From the given case/scenario we can state that, Brenda is an <em>effective manager . </em>Brenda Kraft has been known to completing high no. of projects and accomplishing every goal possible. These factors have played a key role in here being an effective manager. Although from the given information, nothing can be said about her efficiency, i.e. efficient manager tends to be incorrect since completing several projects does not reveal anything about their efficiency.

8 0
3 years ago
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $36,000;
butalik [34]

Answer:

$152,000

Explanation:

Calculation for How much was Krug's total liabilities after the adjusting entries

Reported total liabilities $140,000

Add Accrued expenses $18,000

Less Rent revenue earned ($6,000)

Total liabilities $152,000

($140,000+$18,000-$6,000)

Therefore the amount of Krug's total liabilities after the adjusting entries will be $152,000

8 0
3 years ago
Rule 103 of Regulation M requires that a market maker in a stock that is also a syndicate member in an "add-on" offering of that
e-lub [12.9K]

The available options are:

A. can only place a stabilizing bid at, or below the Public Offering Price

B. can only position trade the stock

C. cannot fill any orders for that security

D. can either resign as a market maker or can act as a passive market maker

Answer:

can either resign as a market maker or can act as a passive market maker

Explanation:

Rule 103 of Regulation which deals with Limits On Syndicate Members who are Market Makers requires that a market maker in a stock that is also a syndicate member in an "add-on" offering of that issue, during the 20-day cooling off period "can either resign as a market maker or can act as a passive market maker."

Hence, in this case, the correct answer is "can either resign as a market maker or can act as a passive market maker."

6 0
3 years ago
Other questions:
  • You own a portfolio consisting of the following​ stocks:
    6·1 answer
  • Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s
    15·1 answer
  • 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification
    10·1 answer
  • Siebel Incorporated, a non-publicly traded company, has 2009 after-tax earnings of $25 million, which are expected to grow at 6
    14·1 answer
  • You manage a plant that​ mass-produces engines by teams of workers using assembly machines. The technology is summarized by the
    10·1 answer
  • Which of the following items is not needed to prepare a sales budget by product line?
    15·1 answer
  • Alex left his position as a manager for Macy's after two years. He complained of being burned out from having to fulfill too man
    5·1 answer
  • Assume just for this question that the portfolios have identical betas, but one has high investment-specific risk (standard devi
    8·1 answer
  • The idea of diminishing returns to an input in production suggests that if a local college adds more and more custodians, the ma
    14·1 answer
  • Can someone pls help me ASAP due today and I will mark brainlist
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!