Question
1.The HHS Department has stated that the average family spends at least $2,200 on their monthly energy bill.You would like to test the HSS Departments
1.The HHS Department has stated that the average family spends at least $2,200 on their monthly energy bill.You would like to test the HSS Departments claim so you randomly select 34 families and get a sample average of $2,025 with a standard deviation of $568.You would like to test the HHS Departments claim at the level of significance of .05.
A.What will be the alternative hypothesis?(just need to state - 1-tail -Lower, 1-tail-Upper or 2-tail -just put one of those 3 answers in the body of the discussion board).
B.What is the probability of the test statistic for this specific problem? (take into consideration if this is 1-tail or 2-tail test)
C.What conclusion will you come to? (just need to state Accept Ho or Reject Ho and Accept Ha - just put one of those 2 answers in the body of the discussion board).
D.Using the critical value approach at what critical value or values will you start rejecting the null hypothesis? (make sure you are very careful and detailed with your answer, pay attention to signs and values)
2.The US Treasury Department claims that 36.4% do not claim on their tax returns crypto/foreign bank accounts.You randomly select 210 people who have crypto/foreign bank accounts and find that 87 do not claim on their tax returns their crypto/foreign bank accounts.Conduct a hypothesis test for The US Treasury's claim.Use a level of significance of .05. (Round the sample proportion to 4 decimal places when using in the test statistic)
A.What will be the alternative hypothesis?(just need to state - 1-tail -Lower, 1-tail-Upper or 2-tail -just put one of those 3 answers in the body of the discussion board, but you will have a more detailed solution on your worksheet that you will attach as a PDF)
B.What is the probability of the test statistic for this specific problem? (take into consideration if this is 1-tail or 2-tail test)
C.What conclusion will you come to? (just need to state Accept Ho or Reject Ho and Accept Ha - just put one of those 2 answers in the body of the discussion board).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started