Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

@ 11.3 Conduct a Hypothesis Test f X Concept Maps Overview & Inform x + X C D A nightingale.instructure.com/courses/3380812/assignments/34421034?return_to=https%3A%2F%2Fnightingale.instructure.com%2Fcalendar%23view_name%3Dmonth%26view_start%3D2022-11-11 2022-3-M... > Assignments > 11.3

image text in transcribed
image text in transcribed
@ 11.3 Conduct a Hypothesis Test f X Concept Maps Overview & Inform x + X C D A nightingale.instructure.com/courses/3380812/assignments/34421034?return_to=https%3A%2F%2Fnightingale.instructure.com%2Fcalendar%23view_name%3Dmonth%26view_start%3D2022-11-11 2022-3-M... > Assignments > 11.3 Conduct a Hypothesis Test for Mean Population Standard Deviation Known - Critical Value Rejection Region Approach 2022-3 11.3 Conduct a Hypothesis Test for Mean Population Standard Deviation Known - Critical Value Rejection Region Approach Home Due Sunday by 11:59pm Points 100 Submitting an external tool Available Nov 7 at 12am - Nov 27 at 11:59pm Announcements Syllabus Modules Question Grades Suppose a financial adviser would like to make the claim that his clients pay annual credit card interest that is more than 16 hundred dollars, on average. Several of his customers do not believe him, so the financial adviser decides to do a hypothesis People test, at a 10% significance level, to persuade them. He conducts a financial analysis on 21 of his customers and Office 365 calculates the sample average to be 17.8 hundred dollars. Working through the testing procedure: ? Secure Exam Proctor . Ho : u = 16; Ha : M > 16 (Proctorio) . a = 0.1 (significance level) . The test statistic is Library Make Tuition X - HO 17.8 - 16 ZO = 6.34 Payment Vn 1.3 V21 Accredible . The critical value is zo.1 = 1.28. Class Notebook Based on this context and the null and alternative hypothesis, what type of hypothesis test should be used? Honorlock Use the curve below to show your answer. Select the appropriate test by dragging the blue point to a right-, left- or two- Unicheck tailed diagram. The shaded area represents the rejection region. Then, set the critical value(s) on the x-axis by moving the purple slider on the right. Learner Forms Microsoft Teams classes Previous Next 4:01 PM Type here to search w 11/11/2022

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

Technology Ventures From Idea To Enterprise

Authors: Thomas Byers

5th Edition

1260048497, 9781260048490

More Books

Students also viewed these Mathematics questions