Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please assist with questions on the screen below 6 Preview File Edit View Go Tools Window Help . Thu 26 May 06:29 . E V
Please assist with questions on the screen below
6 Preview File Edit View Go Tools Window Help . Thu 26 May 06:29 . E V Class Test 3 Questions.pdf 6) Q Q Li] A? V lj (:9 My . Question 3 Frequent checks on the spending patterns of tourists returning from countries in Asia were made and the average amount spent by all tourists was found to be R1010 per day. To determine whether there has been a change in the average amount spent, a sample of 70 travelers was selected and the mean was determined as R1090 per day with a standard deviation of R300. A researcher wants to test for evidence of a change in the expenditure amount changed, using 0.05 level of significance. . What is the appropriate distribution to use? Motivate your answer. [3] ii. State your hypotheses. [2] iii. Is there a claim? What is the claim and in which part of the hypothesis does the claim resides? [3] iv. Use a distribution curve to determine the rejection and non-rejection region using critical values for the appropriate distribution. [5] v. Calculate the test statistic of the distribution. [2] vi. Compare your test statistic to the critical value. [2] State both your statistical and a management conclusion. Health > [3] g-ag-gcugw aim n r em?" .1 F' II'EEJIStep 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