A sample of 61 items provided a sample mean of 932, a sample mode of 900, and a sample standard deviation of 11. Test the following hypotheses using ? = .05. What is your conclusion?
H0: ?2? 80Ha: ?2> 80

What will be an ideal response?


?

?2 = 90.75 > 79.082 (p-value is between .005 and .01); reject H0
The population variance is more than 80.

Business

You might also like to view...

The aspect of a cultural system which describes the mental characteristics of a people and the way they relate to their environment and social groups is known as ________

A) ecology B) social structure C) ideology D) anthropology

Business

New information should be introduced in the conclusion of your speech

Indicate whether this statement is true or false.

Business

A company shows a $600 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $200. This adjusting entry results in:

A. $200 difference between the debit and credit columns of the Unadjusted Trial Balance. B. $200 of prepaid insurance. C. An error in the financial statements. D. $200 increase in net income. E. $200 decrease in net income.

Business

Sometimes firms require riskier projects to have shorter payback periods

Indicate whether the statement is true or false

Business