Question
5.4 if you are only concerned about gas stations are short selling customers, i.e., you will be happily silent if they pump 1.05 gallon and
5.4
if you are only concerned about gas stations are short selling customers, i.e., you will be happily silent if they pump 1.05 gallon and only charge for 1 gallon. Then, using the hypothesis terms, our H0 becomes mu >=1, H1: mu < 1..
assume the volume of gas dispensed for one supposed gallon, denoted as X, follows normal distribution with a known sigma=0.02. And you decide to use X_bar out of 30 measures of one supposed gallon as the test statistic, whatare reject region and do not reject region this time using alpha=0.05, respectively? Draw the density function, identify the rejection non rejection region on the graph, and use excel for the calculation.
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