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Please solve incorrect questions Section 8.4 A simple random sample of 700 elements generates a sample proportion 1') = 0.69. 3. Provide the 90% confidence
Please solve incorrect questions
Section 8.4
A simple random sample of 700 elements generates a sample proportion 1') = 0.69. 3. Provide the 90% confidence interval for the population proportion (to 4 decimals). ( 0.6510 0 0.7199 0) b.Provide the 99% confidence interval for the population proportion (to 4 decimals). ( 0.6450 M 0.7350 M) According to the Vivino website, the mean price for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is $32.48. A New Englandbased lifestyle magazine wants to determine if red wines of the same quality are less expensive in Providence, and it has collected prices for 56 randomly selected red wines of similar quality from wine stores throughout Providence. The mean and standard deviation for this sample are $30.15 and $12, respectively. 3. Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. H0: ,u greater than or equal to 32.48 v 9 Ha: ,u less than 32.48 v K20 b. Using the sample from the 56 bottles, what is the pvalue? The pvalue is between 0.05 and 0.10 v M. c. At a = 0.05, what is your conclusion? M the null hypothesis. We K10 conclude that the price in Providence for a bottle of red wine that scores 4.0 or higher on the Vivino Rating System is less than the population mean of $32.48. d. Repeat the preceding hypothesis test using the critical value approach. t is Q0 the critical value of 1.673 0 (to 3 decimals), M the null hypothesisStep by Step Solution
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