Unit 3 Exam Practice Problems Chapters 9 & 14 Chapter 9 Ho: μ20 Consider the following hypothesis test: 1. H1: H20 A sample of 50 provided a sample mean of 19.4. The population standard deviation is...


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Unit 3 Exam<br>Practice Problems<br>Chapters 9 & 14<br>Chapter 9<br>Ho: μ20<br>Consider the following hypothesis test:<br>1.<br>H1: H20<br>A sample of 50 provided a sample mean of 19.4. The population standard deviation is 2.<br>a. Compute the value of the test statistic.<br>b. What is the p-value?<br>c. Using a .05, what is your conclusion?<br>d. What is the rejection rule using the critical value? What is your conclusion?<br>Ho: μ245<br>Consider the following hypothesis test:<br>2.<br>H1: H<45<br>A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results.<br>Use a= .01.<br>x=44 and s = 5.2<br>a.<br>b.<br>x 43 and s = 4.6<br>5.0<br>x46 and s<br>C.<br>Ten years ago 53 % of American families owned stocks or stock funds. Sample data collected by the Investment<br>Company Institute indicate that the percentage is now 46% (The Wall Street Journal. October 5, 2012).<br>3.<br>Develop appropriate hypotheses such that rejection of Ho will support the conclusion that a smaller<br>proportion of American families own stocks or stock funds in 2012 than 10 years ago.<br>a.<br>Assume that the Investment Company Institute sampled 300 American families to estimate the percent<br>owning stocks or stock funds was 46% in 2012. What is the p-value for your hypothesis test?<br>At a .01, what is your conclusion?<br>b.<br>C.<br>Chapter 14<br>

Extracted text: Unit 3 Exam Practice Problems Chapters 9 & 14 Chapter 9 Ho: μ20 Consider the following hypothesis test: 1. H1: H20 A sample of 50 provided a sample mean of 19.4. The population standard deviation is 2. a. Compute the value of the test statistic. b. What is the p-value? c. Using a .05, what is your conclusion? d. What is the rejection rule using the critical value? What is your conclusion? Ho: μ245 Consider the following hypothesis test: 2. H1: H<45 a="" sample="" of="" 36="" is="" used.="" identify="" the="" p-value="" and="" state="" your="" conclusion="" for="" each="" of="" the="" following="" sample="" results.="" use="" a=".01." x="44" and="" s="5.2" a.="" b.="" x="" 43="" and="" s="4.6" 5.0="" x46="" and="" s="" c.="" ten="" years="" ago="" 53="" %="" of="" american="" families="" owned="" stocks="" or="" stock="" funds.="" sample="" data="" collected="" by="" the="" investment="" company="" institute="" indicate="" that="" the="" percentage="" is="" now="" 46%="" (the="" wall="" street="" journal.="" october="" 5,="" 2012).="" 3.="" develop="" appropriate="" hypotheses="" such="" that="" rejection="" of="" ho="" will="" support="" the="" conclusion="" that="" a="" smaller="" proportion="" of="" american="" families="" own="" stocks="" or="" stock="" funds="" in="" 2012="" than="" 10="" years="" ago.="" a.="" assume="" that="" the="" investment="" company="" institute="" sampled="" 300="" american="" families="" to="" estimate="" the="" percent="" owning="" stocks="" or="" stock="" funds="" was="" 46%="" in="" 2012.="" what="" is="" the="" p-value="" for="" your="" hypothesis="" test?="" at="" a="" .01,="" what="" is="" your="" conclusion?="" b.="" c.="" chapter="">

Jun 01, 2022
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