Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. A

1.

The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an average selling price of $123,550. Is there evidence that the costs of homes for sale in this subdivision are actually lower than claimed?What is the p-value for a one-sided test of the data provided above?

2.

For the conjecture "The average age of students in this class is 20", the null hypothesis is

Select one:

a. The average age of students in this class is not 20b. We reject the hypothesis that the average age of students in this class is 20c. We do not reject the hypothesis that the average age of students in this class is 20d. The average age of students in this class is 20

3.Consider the following null and alternative hypotheses. Ho: 79 H1: > 79 These hypotheses _______________.

4.The region of the distribution in hypothesis testing in which the null hypothesis is rejected is called the _______

5.Nationwide, the average waiting time until a electric utility customer service representative answers a call is 300 seconds per call. The Gigantic Kilowatt Energy Company took a sample of 35 calls and found that, on the average, they answered in 240 seconds per call with a standard deviation of $50. Can the company claim that they are faster than the average utility?

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_2

Step: 3

blur-text-image_3

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

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions