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5Slide
Hypothesis Tests
 Developing Null and Alternative Hypotheses
 Type I and Type II Errors
 Hypothesis Tests for Population Mean: s Known
 Hypothesis Tests for Population Mean: s Unknown
6Slide
One-tailed
(lower-tail)
One-tailed
(upper-tail)
Two-tailed
0 0:H  
0:aH  
0 0:H  
0:aH  
0 0:H  
0:aH  
Summary of Forms for Null and Alternative
Hypotheses about a Population Mean
 The equality part of the hypotheses always appears
in the null hypothesis.
 In general, a hypothesis test about the value of a
population mean  must take one of the following
three forms (where 0 is the hypothesized value of the
population mean).
7Slide
Type I and Type II Errors
Correct
Decision
Type II Error
Correct
Decision
Type I Error
Reject H0
(Conclude  > µ0)
Accept H0
(Conclude  < µ0)
H0 True
( < µ0)
H0 False
( > µ0)Conclusion
Population Condition
8Slide
Two Basic Approaches to Hypothesis Testing
 There are two basic approaches to conducting a
hypothesis test:
 1- p-Value Approach, and
2- Critical Value Approach
9Slide
1- p-Value Approach to
One-Tailed Hypothesis Testing
 Reject H0 if the p-value < 
 In order to accept or reject the null hypothesis the p-value is
computed using the test statistic --Actual Z value.
 Do not reject (accept) H0 if the p-value > 
10Slide
2- Critical Value Approach
One-Tailed Hypothesis Testing
 Use the Z table to find the critical Z value, and
 Use the equation to find the actual Z--Z .
 The rejection rule is:
• Lower tail: Reject H0 if Actual z < Critical -z
• Upper tail: Reject H0 if Actual z > Critical z
In other words, if the actual Z (Z ) is in the rejection
region, then reject the null hypothesis.

s


/
x
z
n
Equation for finding the
actual Z value:
11Slide
Steps of Hypothesis Testing
Step 1. Develop the null and alternative hypotheses.
Step 2. Specify  and n.
Step 3. Compute critical Z and actual Z values.
Step 4. Use either of the following approaches to
make conclusion:
1- p-Value Approach, or
2- Critical Approach
12Slide
 Example: Metro EMS
 The EMS director wants to
perform a hypothesis test, with a
0.05 level of significance, to determine
whether the service goal of the response time to be
at most 12 minutes or less is being achieved.
 The response times for a random
sample of 40 medical emergencies
were tabulated. The sample mean
is 13.25 minutes. The population
standard deviation is believed to
be 3.2 minutes.
One-Tailed Tests About a Population Mean:
s Known
13Slide
1. Develop the hypotheses.
2. Level of significance and sample size are: = .05
n = 40
H0:  
Ha: 
 p -Value and Critical Value Approaches
One-Tailed Tests About a Population Mean:
s Known: Solution
3. Compute the value of the test statistic.

s
 
  
13.25 12
2.47
/ 3.2/ 40
x
z
n
Actual z
14Slide
5. Make conclusion about H0
 We are at least 95% confident that Metro EMS is
not meeting the response goal of 12 minutes.
 p –Value Approach
4. Compute the p –value.
From the Z table the actual z = 2.47
p–value = 0.5 - .4932 = .0068
Because p–value = .0068 <  = .05, we reject H0.
One-Tailed Tests About a Population Mean:
s Known: Solution Continued
using Z table,
15Slide
p-value

0 Zc =
1.645
 = .05
z
Za =
2.47
Solution Continued
Because p–value = .0068 <  = .05, we reject H0.
16Slide
5. Make conclusion about H0
 We are at least 95% confident that Metro EMS is
not meeting the response goal of 12 minutes.
Because actual z = 2.47 > Critical z = 1.645
we reject H0.
 Critical Value Approach
For  = .05, z.05 = 1.645
4. Determine the critical value and rejection rule.
Reject H0 if actual z > 1.645
Finding critical z value
0.5 – 0.05 = 0.45
Then, from table
1.64 + 1.65
3.29 / 2 = 1.645
One-Tailed Tests About a Population Mean:
s Known: Solution Continued
17Slide
 Excel: SWStat
One-Tailed Tests About a Population Mean:
s Known
18Slide
 Excel: SWStat
One-Tailed Tests About a Population Mean:
s Known
PApproach
Critical Approach
Because actual z = 2.47 >
Critical z = 1.645 we
reject H0, or
Because p–value = .0068
< α = .05, we reject
H0
19Slide
Example: Glow Toothpaste
 Two-Tailed Test for Population Mean: s Known
Quality assurance procedures call for
the continuation of the filling process if the
sample results are consistent with the assumption that
the mean filling weight for the population of toothpaste
tubes is 6 oz.; otherwise the process will be adjusted.
The production line for Glow toothpaste
is designed to fill tubes with a mean weight
of 6 oz. Periodically, a sample of 30 tubes
will be selected in order to check the
filling process.
20Slide
Example Continued: Glow Toothpaste
Perform a hypothesis test, at the 0.03
level of significance, to help determine
whether the filling process should continue
operating or be stopped and corrected.
Assume that a sample of 30 toothpaste
tubes provides a sample mean of 6.1 oz.
The population standard deviation is
believed to be 0.2 oz.
 Two-Tailed Test for Population Mean: s Known
21Slide
1. Determine the hypotheses.
2. Alpha and sample size are given
3. Compute the value of the test statistic.
 = .03 and n=30
 p –Value and Critical Value Approaches
H0:  
Ha: 6 
Two-Tailed Tests About a Population Mean:
s Known: Solution

s
 
  0 6.1 6
2.74
/ .2/ 30
x
z
n
Actual z
22Slide
5. Determine whether to reject or to accept H0.
 p –Value Approach
4. Compute the p –value.
For actual z = 2.74, the probability = 0.4969, thus
p–value = 2(0.5 – 0.4969) = 2 (0.0031) = 0.0062
Because p–value = .0062 <  = .03, we reject H0.
 We are at least 97% confident that the mean filling
weight of the toothpaste tubes is not 6 oz.
Two-Tailed Tests About a Population Mean:
s Known: Solution Continued
23Slide
/2 =
.015
0
z/2 = 2.17
z
/2 =
.015
-z/2 = -2.17
za = 2.74z = -2.74
1/2
p -value
= .0031
1/2
p -value
= .0031
Solution Continued
Because p–value = .0062 <  = .03, we reject H0.
24Slide
Two-Tailed Tests About a Population Mean:
s Known: Solution Continued
Critical Value Approach
 To Find the Critical Z Value:
/2 =
.015
Given that  = 0.03, thus /2 = .015 and
0.5 – 0.015 = 0.485
 Then from the table we need to find the z
value of 0.485.
 Locate 0.485 in the Z Table.
 Thus, the critical z value for 0.485 is 2.17
Critical z/2 = 2.17
Critical z/2
0.485
0.5
25Slide
 Critical Value Approach
Conclusion:
 We are at least 97% confident that the mean filling weight
of the toothpaste tubes is not 6 oz.
 Because actual z of 2.74 > critical z of 2.17, we reject H0
Two-Tailed Tests About a Population Mean:
s Known: Solution Continued

s
 
  0 6.1 6
2.74
/ .2/ 30
x
z
n
Actual Z
26Slide
/2 = .015
0 2.17
Reject H0
z
Reject H0
-2.17
Actual Z Value
z
x
n


s
0
/
/2 = .015
Critical Approach: Solution Continued
= 2.74
Critical Z values
Because actual z of 2.74 > critical z of 2.17, we reject H0.
27Slide
 Excel: SWStat
Two-Tailed Tests About a Population Mean:
s Known
28Slide
 Excel: SWStat
Two-Tailed Tests About a Population Mean:
s Known
PApproach
Critical Approach
THOUGHT
Confidence Intervals Versus
Hypothesis Tests
 A standard confidence interval is equivalent to a
two-tail hypothesis test.
 All two tails tests can be handled either as
hypothesis tests or as confidence intervals.
 The confidence interval has the appeal of
providing a graphic feeling for how close the
hypothesized value lies to the ends of confidence
interval.
 Rejection Rule: If the confidence interval
does not contain H0 , we reject H0.
 32 males between the ages of 40 and 69 years with
moderate carotid disease were tested at the Henry
Hospital over 39-,months period. Their mean systolic
pressure was 146.6 mmHg with a standard deviation of
17.3 mmHg. At a = 0.05, is this sample consistent with a
population mean of 140 mmHg, which is considered a
borderline for dangerously high blood pressure (note:
recent medical evidence suggests 130 as a borderline, but
we will use the older benchmark)?
Thinking Challenge Example
 Apply confidence interval approach to test the hypothesis
32Slide
 Confidence Interval Approach:
 For this problem, the two-sided hypothesis would be:
H0:  4
Ha:  4
 The 95% confidence interval (α=0.05) for  is:
x t
s
n
 /2
 Since interval 140.36 <  < 152.84 does not contain  =140 we
would reject the hypothesis H0:  4 in favor of Ha:  4
Margin of Error
Thinking Challenge Example
Solution
146 – + (2.040) 17.3 /5.657
33Slide
 Test Statistic
Hypothesis Tests About a Population Mean:
s Unknown
t
x
s n

 0
/
This test statistic has a t distribution
with n - 1 degrees of freedom.
Actual t Value
34Slide
A State Highway Patrol periodically samples
vehicle speeds at various locations
on a particular roadway.
The sample of vehicle speeds
is used to test the hypothesis
Example: Highway Patrol
 One-Tailed Test About a Population Mean: s Unknown
The locations where H0 is rejected are deemed
the best locations for radar traps.
H0:  < 65
35Slide
Example Continued: Highway Patrol
At Location F on I-75, a sample of 64 vehicles shows a
mean speed of 66.2 mph with a
sample standard deviation of
4.2 mph. Use  = .05 to
test the hypothesis.
Use Excel
36Slide
Using SWStat
37Slide
Solution Using SWStat
PApproach
Critical Approach
Since p=0.0128 < α=0.05
we reject H0
 The locations where H0
is rejected are deemed
the best locations for radar
traps.
H0:  < 65
38Slide

0 critical t = 1.669
Reject H0
Do Not Reject H0
t
One-Tailed Test About a Population Mean:
s Unknown: Solution Continued
t Statistic = Actual t = 2.286
39Slide
 The current rate for producing 5
amp fuses at Ariana Electric Co. is
250 per hour. A new machine has
been purchased and installed that,
according to the supplier, will
increase the production rate. The
production hours are normally
distributed. A sample of 10 randomly
selected hours from last month
revealed that the mean hourly
production on the new machine was
256 units, with a sample standard
deviation of 6 per hour.
At the .05 significance level
can Ariana Electric Co.
conclude that the new
machine is faster?
Thinking Challenge
and
Solution
40Slide
Step 4
State the decision rule.
There are 10 – 1 = 9
degrees of freedom.
Step 1
State the null and
alternate hypotheses.
H0: µ < 250
H1: µ > 250
Step 2
Select the level of
significance. It is .05.
Step 3
Find a test statistic. Use
the t distribution since s
is not known and n < 30.
The null hypothesis is rejected if t > 1.833 or, using the
p-value, the null hypothesis is rejected if p ≤ 0.05
41Slide
162.3
106
250256





ns
X
t

 Computed t (or actual t) of 3.162 >
critical t of 1.833 and
 From Excel, p of .0058 < 
So we reject Ho
 The p(t >3.162) is .0058
for a one-tailed test.
Step 5
Make a decision
and interpret the
results.
Conclusion
The mean number of
amps produced by the
new machine is more
than 250 per hour.
Actual t
42Slide
Solution Using SWStat
43Slide
Solution Continued
 Since computed t (or actual t)
of 3.162 > critical t of 1.833
and since p of .0058 < 
thus, we reject Ho
Hence, we conclude that the
mean number of amps
produced by the new machine
is more than 250 per hour.
H0: µ < 250
44Slide
 A group of young businesswomen wish to open a
high fashion boutique in a vacant store, but only if
the average income of households in the area is
more than $45,000. A random sample of 9
households showed the following results.
Thinking Challenge
$48,000 $44,000 $46,000
$43,000 $47,000 $46,000
$44,000 $42,000 $45,000
and
Solution
45Slide
 Use the statistical techniques in Excel (SWStat) to
advise the group on whether or not they should
locate the boutique in this store. Use a 0.05 level of
significance. (Assume the population is normally
distributed).
Thinking Challenge
(Continued)
46Slide
Thinking Challenge 4 (Solution)
47Slide
Summary of
Selecting an Appropriate Test Statistic for a
Test about a Population Mean
End of Chapter 10
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Test hypothesis

  • 1. 1Slide Online Tutoring |Homework Help Exam Preparations
  • 2. 2Slide A term too broad to define, Statistics is an important subject studied by almost all commerce graduates and undergraduates across the globe. We at Homework Guru offer best Statistics Homework Help available online.
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  • 4. 4Slide Why Homework Guru ? All experts registered with us are handpicked and have to clear more than 5 exams before being inducted for Statistics Homework Help We are available 24 X 7 so you can connect to us anytime and from anywhere All the solutions we provide are properly proof read, 100% genuine and plagiarism free. Our Statistics tutoring sessions take place in our specially customized online classroom. You and your tutor can review financial statements and cash flows using the interactive white board. We not just solve your problem but also explain you the concepts so that you dont need to come back again for Statistics help.
  • 5. 5Slide Hypothesis Tests  Developing Null and Alternative Hypotheses  Type I and Type II Errors  Hypothesis Tests for Population Mean: s Known  Hypothesis Tests for Population Mean: s Unknown
  • 6. 6Slide One-tailed (lower-tail) One-tailed (upper-tail) Two-tailed 0 0:H   0:aH   0 0:H   0:aH   0 0:H   0:aH   Summary of Forms for Null and Alternative Hypotheses about a Population Mean  The equality part of the hypotheses always appears in the null hypothesis.  In general, a hypothesis test about the value of a population mean  must take one of the following three forms (where 0 is the hypothesized value of the population mean).
  • 7. 7Slide Type I and Type II Errors Correct Decision Type II Error Correct Decision Type I Error Reject H0 (Conclude  > µ0) Accept H0 (Conclude  < µ0) H0 True ( < µ0) H0 False ( > µ0)Conclusion Population Condition
  • 8. 8Slide Two Basic Approaches to Hypothesis Testing  There are two basic approaches to conducting a hypothesis test:  1- p-Value Approach, and 2- Critical Value Approach
  • 9. 9Slide 1- p-Value Approach to One-Tailed Hypothesis Testing  Reject H0 if the p-value <   In order to accept or reject the null hypothesis the p-value is computed using the test statistic --Actual Z value.  Do not reject (accept) H0 if the p-value > 
  • 10. 10Slide 2- Critical Value Approach One-Tailed Hypothesis Testing  Use the Z table to find the critical Z value, and  Use the equation to find the actual Z--Z .  The rejection rule is: • Lower tail: Reject H0 if Actual z < Critical -z • Upper tail: Reject H0 if Actual z > Critical z In other words, if the actual Z (Z ) is in the rejection region, then reject the null hypothesis.  s   / x z n Equation for finding the actual Z value:
  • 11. 11Slide Steps of Hypothesis Testing Step 1. Develop the null and alternative hypotheses. Step 2. Specify  and n. Step 3. Compute critical Z and actual Z values. Step 4. Use either of the following approaches to make conclusion: 1- p-Value Approach, or 2- Critical Approach
  • 12. 12Slide  Example: Metro EMS  The EMS director wants to perform a hypothesis test, with a 0.05 level of significance, to determine whether the service goal of the response time to be at most 12 minutes or less is being achieved.  The response times for a random sample of 40 medical emergencies were tabulated. The sample mean is 13.25 minutes. The population standard deviation is believed to be 3.2 minutes. One-Tailed Tests About a Population Mean: s Known
  • 13. 13Slide 1. Develop the hypotheses. 2. Level of significance and sample size are: = .05 n = 40 H0:   Ha:   p -Value and Critical Value Approaches One-Tailed Tests About a Population Mean: s Known: Solution 3. Compute the value of the test statistic.  s      13.25 12 2.47 / 3.2/ 40 x z n Actual z
  • 14. 14Slide 5. Make conclusion about H0  We are at least 95% confident that Metro EMS is not meeting the response goal of 12 minutes.  p –Value Approach 4. Compute the p –value. From the Z table the actual z = 2.47 p–value = 0.5 - .4932 = .0068 Because p–value = .0068 <  = .05, we reject H0. One-Tailed Tests About a Population Mean: s Known: Solution Continued using Z table,
  • 15. 15Slide p-value  0 Zc = 1.645  = .05 z Za = 2.47 Solution Continued Because p–value = .0068 <  = .05, we reject H0.
  • 16. 16Slide 5. Make conclusion about H0  We are at least 95% confident that Metro EMS is not meeting the response goal of 12 minutes. Because actual z = 2.47 > Critical z = 1.645 we reject H0.  Critical Value Approach For  = .05, z.05 = 1.645 4. Determine the critical value and rejection rule. Reject H0 if actual z > 1.645 Finding critical z value 0.5 – 0.05 = 0.45 Then, from table 1.64 + 1.65 3.29 / 2 = 1.645 One-Tailed Tests About a Population Mean: s Known: Solution Continued
  • 17. 17Slide  Excel: SWStat One-Tailed Tests About a Population Mean: s Known
  • 18. 18Slide  Excel: SWStat One-Tailed Tests About a Population Mean: s Known PApproach Critical Approach Because actual z = 2.47 > Critical z = 1.645 we reject H0, or Because p–value = .0068 < α = .05, we reject H0
  • 19. 19Slide Example: Glow Toothpaste  Two-Tailed Test for Population Mean: s Known Quality assurance procedures call for the continuation of the filling process if the sample results are consistent with the assumption that the mean filling weight for the population of toothpaste tubes is 6 oz.; otherwise the process will be adjusted. The production line for Glow toothpaste is designed to fill tubes with a mean weight of 6 oz. Periodically, a sample of 30 tubes will be selected in order to check the filling process.
  • 20. 20Slide Example Continued: Glow Toothpaste Perform a hypothesis test, at the 0.03 level of significance, to help determine whether the filling process should continue operating or be stopped and corrected. Assume that a sample of 30 toothpaste tubes provides a sample mean of 6.1 oz. The population standard deviation is believed to be 0.2 oz.  Two-Tailed Test for Population Mean: s Known
  • 21. 21Slide 1. Determine the hypotheses. 2. Alpha and sample size are given 3. Compute the value of the test statistic.  = .03 and n=30  p –Value and Critical Value Approaches H0:   Ha: 6  Two-Tailed Tests About a Population Mean: s Known: Solution  s     0 6.1 6 2.74 / .2/ 30 x z n Actual z
  • 22. 22Slide 5. Determine whether to reject or to accept H0.  p –Value Approach 4. Compute the p –value. For actual z = 2.74, the probability = 0.4969, thus p–value = 2(0.5 – 0.4969) = 2 (0.0031) = 0.0062 Because p–value = .0062 <  = .03, we reject H0.  We are at least 97% confident that the mean filling weight of the toothpaste tubes is not 6 oz. Two-Tailed Tests About a Population Mean: s Known: Solution Continued
  • 23. 23Slide /2 = .015 0 z/2 = 2.17 z /2 = .015 -z/2 = -2.17 za = 2.74z = -2.74 1/2 p -value = .0031 1/2 p -value = .0031 Solution Continued Because p–value = .0062 <  = .03, we reject H0.
  • 24. 24Slide Two-Tailed Tests About a Population Mean: s Known: Solution Continued Critical Value Approach  To Find the Critical Z Value: /2 = .015 Given that  = 0.03, thus /2 = .015 and 0.5 – 0.015 = 0.485  Then from the table we need to find the z value of 0.485.  Locate 0.485 in the Z Table.  Thus, the critical z value for 0.485 is 2.17 Critical z/2 = 2.17 Critical z/2 0.485 0.5
  • 25. 25Slide  Critical Value Approach Conclusion:  We are at least 97% confident that the mean filling weight of the toothpaste tubes is not 6 oz.  Because actual z of 2.74 > critical z of 2.17, we reject H0 Two-Tailed Tests About a Population Mean: s Known: Solution Continued  s     0 6.1 6 2.74 / .2/ 30 x z n Actual Z
  • 26. 26Slide /2 = .015 0 2.17 Reject H0 z Reject H0 -2.17 Actual Z Value z x n   s 0 / /2 = .015 Critical Approach: Solution Continued = 2.74 Critical Z values Because actual z of 2.74 > critical z of 2.17, we reject H0.
  • 27. 27Slide  Excel: SWStat Two-Tailed Tests About a Population Mean: s Known
  • 28. 28Slide  Excel: SWStat Two-Tailed Tests About a Population Mean: s Known PApproach Critical Approach
  • 30. Confidence Intervals Versus Hypothesis Tests  A standard confidence interval is equivalent to a two-tail hypothesis test.  All two tails tests can be handled either as hypothesis tests or as confidence intervals.  The confidence interval has the appeal of providing a graphic feeling for how close the hypothesized value lies to the ends of confidence interval.  Rejection Rule: If the confidence interval does not contain H0 , we reject H0.
  • 31.  32 males between the ages of 40 and 69 years with moderate carotid disease were tested at the Henry Hospital over 39-,months period. Their mean systolic pressure was 146.6 mmHg with a standard deviation of 17.3 mmHg. At a = 0.05, is this sample consistent with a population mean of 140 mmHg, which is considered a borderline for dangerously high blood pressure (note: recent medical evidence suggests 130 as a borderline, but we will use the older benchmark)? Thinking Challenge Example  Apply confidence interval approach to test the hypothesis
  • 32. 32Slide  Confidence Interval Approach:  For this problem, the two-sided hypothesis would be: H0:  4 Ha:  4  The 95% confidence interval (α=0.05) for  is: x t s n  /2  Since interval 140.36 <  < 152.84 does not contain  =140 we would reject the hypothesis H0:  4 in favor of Ha:  4 Margin of Error Thinking Challenge Example Solution 146 – + (2.040) 17.3 /5.657
  • 33. 33Slide  Test Statistic Hypothesis Tests About a Population Mean: s Unknown t x s n   0 / This test statistic has a t distribution with n - 1 degrees of freedom. Actual t Value
  • 34. 34Slide A State Highway Patrol periodically samples vehicle speeds at various locations on a particular roadway. The sample of vehicle speeds is used to test the hypothesis Example: Highway Patrol  One-Tailed Test About a Population Mean: s Unknown The locations where H0 is rejected are deemed the best locations for radar traps. H0:  < 65
  • 35. 35Slide Example Continued: Highway Patrol At Location F on I-75, a sample of 64 vehicles shows a mean speed of 66.2 mph with a sample standard deviation of 4.2 mph. Use  = .05 to test the hypothesis. Use Excel
  • 37. 37Slide Solution Using SWStat PApproach Critical Approach Since p=0.0128 < α=0.05 we reject H0  The locations where H0 is rejected are deemed the best locations for radar traps. H0:  < 65
  • 38. 38Slide  0 critical t = 1.669 Reject H0 Do Not Reject H0 t One-Tailed Test About a Population Mean: s Unknown: Solution Continued t Statistic = Actual t = 2.286
  • 39. 39Slide  The current rate for producing 5 amp fuses at Ariana Electric Co. is 250 per hour. A new machine has been purchased and installed that, according to the supplier, will increase the production rate. The production hours are normally distributed. A sample of 10 randomly selected hours from last month revealed that the mean hourly production on the new machine was 256 units, with a sample standard deviation of 6 per hour. At the .05 significance level can Ariana Electric Co. conclude that the new machine is faster? Thinking Challenge and Solution
  • 40. 40Slide Step 4 State the decision rule. There are 10 – 1 = 9 degrees of freedom. Step 1 State the null and alternate hypotheses. H0: µ < 250 H1: µ > 250 Step 2 Select the level of significance. It is .05. Step 3 Find a test statistic. Use the t distribution since s is not known and n < 30. The null hypothesis is rejected if t > 1.833 or, using the p-value, the null hypothesis is rejected if p ≤ 0.05
  • 41. 41Slide 162.3 106 250256      ns X t   Computed t (or actual t) of 3.162 > critical t of 1.833 and  From Excel, p of .0058 <  So we reject Ho  The p(t >3.162) is .0058 for a one-tailed test. Step 5 Make a decision and interpret the results. Conclusion The mean number of amps produced by the new machine is more than 250 per hour. Actual t
  • 43. 43Slide Solution Continued  Since computed t (or actual t) of 3.162 > critical t of 1.833 and since p of .0058 <  thus, we reject Ho Hence, we conclude that the mean number of amps produced by the new machine is more than 250 per hour. H0: µ < 250
  • 44. 44Slide  A group of young businesswomen wish to open a high fashion boutique in a vacant store, but only if the average income of households in the area is more than $45,000. A random sample of 9 households showed the following results. Thinking Challenge $48,000 $44,000 $46,000 $43,000 $47,000 $46,000 $44,000 $42,000 $45,000 and Solution
  • 45. 45Slide  Use the statistical techniques in Excel (SWStat) to advise the group on whether or not they should locate the boutique in this store. Use a 0.05 level of significance. (Assume the population is normally distributed). Thinking Challenge (Continued)
  • 47. 47Slide Summary of Selecting an Appropriate Test Statistic for a Test about a Population Mean
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Editor's Notes

  • #40: Upper-Tailed Z Test