In the past, patrons of a cinema complex have spent an average of $2.50 for popcorn and
Question:
In the past, patrons of a cinema complex have spent an average of $2.50 for popcorn and other snacks, with a standard deviation of $0.90. The amounts of these expenditures have been normally distributed. Following an intensive publicity campaign by a local medical society, the mean expenditure for a sample of 18 patrons is found to be $2.10. In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Null and alternative hypotheses H 0 250 no decline in spending H 1 250 a decline Level of significan...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
The photoluminescence peak of PbS is found to be at 3000 nm. However, the peak is observed to be at 1200 nm when the size of the PbS is reduced to 20 nm. Explain the difference in the...
-
The strength of titanium is found to be 65,000 psi when the grain size is 6.7 10-4 in. and 82,000 psi when the grain size is 3.15 10-5 in. Determine (a) The constants in the Hall-Petch equation;...
-
In Problem 79, if the rate is found to be then approximately how many barrels of oil will the field produce during the first 5 years of production? The second 5 years of production? 120
-
In a recent survey, 80% of the community favored building a police substation in their neighborhood. If 20 citizens are chosen, what is the mean and standard deviation for the number favoring the...
-
Use the applets entitled simulating the Probability of Rolling a 6 and Simulating the Probability of Rolling a 3 or 4 to simulate the probability of the complement of an event. a. Explain how the...
-
A customer relationship manager decided to track customer complaints as part of his ongoing customer satisfaction improvement program. After collecting data for two months, their check sheet appears...
-
Can a project that contains significant real options be valued properly by the NPV criteria? By the construction of scenarios? By the Monte Carlo method? By the certainty equivalent method?
-
Cannon Mountain Mining paid $462,300 for the right to extract mineral assets from a 400,000-ton deposit. In addition to the purchase price, Cannon also paid a $900 filing fee, a $1,800 license fee to...
-
On Oct. 8 2022, Williams Inc, receives its bank statement, which shows a Sept. 30 cash balance of $129,769. Also, in the bank statement was a check copy from one of Williams' customers, returned NSF...
-
Developed by Coca-Cola Asia Pacific, Coca-Cola Fiber+ (or just Coke Plus) is expanding through Hong Kong, Japan, Mainland China, Mongolia, and Taiwan. Coke Plus is a zero calorie soda (essentially...
-
A hypothesis test is carried out using the = 0.01 level of significance, and H 0 cannot be rejected. What is the most accurate statement we can make about the p-value for this test?
-
According to Remodeling magazine, the average cost to convert an existing room into a home office with custom cabinetry and rewiring for electronic equipment is $5976. Assuming a population standard...
-
Recall from Exercise 10.1.16 that the data file MomandChildHeights contains data for students in a statistics class on the following two variables: students height (inches) and biological mothers...
-
INCOME STATEMENT (Figures in $ millions) Net sales $ 12,400 Cost of goods sold 3,660 4,137 2,278 other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before...
-
a) Write a suitable C function to satisfy the following: i. The name of the function is community. ii. When it is called, it will return a floating point number. iii. The function would accept 3...
-
Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $10 par value...
-
Write a Java class, called RatioClass, with three attributes a (int), b (int), and ratio (double). Write another Java class, called Compute Ratio, with a main method which reads two positive integers...
-
12-10. Lanhu Cement Corporation is a leading North American cement producer, with more than 6.5 million metric tons of annual capacity. One of its products is Portland cement. Portland cement's...
-
Suppose we are interested in dynamically maintaining a set S of integers, which is initially empty, while supporting the following two operations: add(v): Adds value v to set S. median( ): Returns...
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
Website administrators sometimes use analysis tools or service providers to track the movements of visitors to the various portions of their site. Overall, the administrator of a political action...
-
What is a power curve and how is it applicable to hypothesis testing?
-
A state representative is reported as saying that about 10% of reported auto thefts involve owners whose cars have not really been stolen, but who are trying to defraud their insurance company. What...
-
tes Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below] The following information is...
-
Assume a company is going to make an investment of $445,000 in a machine and the following are the cash flows that two different products would bring in years one through four. Option A, Option B,...
-
ces Yost received 300 NQOS (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $32 per share). At the time he started working for Cutter Corporation three years...
Study smarter with the SolutionInn App