Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on average during the first year, a yield

image text in transcribed

A company selling licenses for new e-commerce computer software advertises that firms using this software obtain, on average during the first year, a yield of 11% on their initial investments. A random sample of 10 of these franchises produced the yields shown below for the first year of operation. 11.3 8.3 14.2 4.6 8.2 10.5 9.4 8.8 6.6 9.5 Assuming that population yields are normally distributed, test the company's claim at the 1significance level. Click the icon to view the upper critical values of the Student's t distribution. What are the null and alternative hypotheses for this test? A. Ho: #11 H =11 C. Ho: H11 > 11 B. Ho: 11 < 11 D. Ho: H=11 H: #11 For this test at the significance level & with sample mean x, hypothesized mean o, sample standard deviations, and sample size n, what is the form of the decision rule? x-Ho A. Reject Ho if -tn-1, - B. Reject Ho if ->tn-1, x-Ho x-Ho C. Reject Ho if < In-1,a/2 or reject Ho if >tn-1,0/2 Determine the value(s) for - tn - 1,, tn - 1,, or t-1,a/2 as appropriate for this test. Question Viewer (Round to two decimal places as needed. Use a comma to separate answers as needed.)

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

Discrete and Combinatorial Mathematics An Applied Introduction

Authors: Ralph P. Grimaldi

5th edition

201726343, 978-0201726343

More Books

Students also viewed these Mathematics questions

Question

Describe a similar behavior you have observed.

Answered: 1 week ago