Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Greetings Please assist by answering thebelow homework questions. The chamber of commerce of a Florida Gulf Coast community advertises that area residential property is available
Greetings
Please assist by answering thebelow homework questions.
- The chamber of commerce of a Florida Gulf Coast community advertises that area residential property is available at a mean cost of R125,000 or less per lot. Suppose a sample of 32 properties provided a sample mean of R130,000 per lot and a sample standard deviation of R12,500. Use a .05 level of significance to test the validity of the advertising claim. Draw diagrams and show all working out.
- The College Board reported that the average number of freshman class applications to public colleges and universities is 6000 (USAToday,December26, 2002). During a recent application/enrollment period, a sample of 32 colleges and universities showed that the sample mean number of freshman class applications was 5812 with a sample standard deviation of 1140. Does the data indicate a change in the mean number of applications? Use = .05.
- Shorney Construction Company bids on projects assuming that the mean idle time per worker is 72 or fewer minutes per day. A sample of 30 construction workers will be used to test this assumption. Assume that the population standard deviation is 20 minutes.
- State the hypotheses to be tested.
- What is the probability of making a Type II error when the population mean idle time is 80 minutes?
- What is the probability of making a Type II error when the population mean idle time is 75 minutes?
- What is the probability of making a Type II error when the population mean idle time is 70 minutes?
(For the probabilities, use the appropriate tables)
- The U.S. Energy Administration reported that the mean price for a gallon of regular gasoline in the United States was $2.357 (U.S. Energy Administration, January 30, 2006). Data for a sample of regular gasoline prices at 50 service stations in the Lower Atlantic states are contained in the data file named Gasoline. Conduct a hypothesis test to determine whether the mean price for a gallon of gasoline in the Lower Atlantic states is different from the national mean. Use = .05 for the level of significance, and state your conclusion.
Thanks
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