Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. For each statement below, determine whether it is true or false. a. A researcher performed the following hypothesis test: 0: = 35 : <

1. For each statement below, determine whether it is true or false.

a. A researcher performed the following hypothesis test: 0: = 35 : < 35 The test statistic for the test was t = 2.7069 and the p-value was 0.995. The alternative hypothesis was supposed to be : 35 which means the p-value for the test should be 1.99.

b. A 95% confidence interval for estimating is calculated to be (62.2528, 73.2156). The margin of error for this interval is 10.9628 c. For a given sample size, the t critical value corresponding to a 95% confidence interval is greater than the t critical value corresponding to a 90% confidence interval.

2. In 2020, the average national cost for health insurance was $456 per month for an individual. It is believed that the current average is higher than this. To investigate this claim, a sample of 126 individual health insurance plans is selected. The average cost of the plans in this sample is $470.23 with a standard deviation of $48.56.

a. Conduct the appropriate hypothesis test at the 0.05 level of significance. (possible p-values: 0.0007, 0.0014, 0.9993)

b. Based on the decision made in part a, what type of error is possible?

c. Describe the error you selected in part b in the context of this problem by choosing one correct option for each of the two parts shown. The data leads us to support/not support (choose 1) the claim that the mean cost of an individual health insurance plan is more than $456 per month, when in reality the mean is/is not (choose 1) more than $456 per month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Mathematics questions