Question
Q1, Table 5 Low Price Medium price High price High quality 65 55 80 Low quality 40 15 45 Using table 5 above 1) What
Q1,Table 5
Low Price | Medium price | High price | ||
High quality | 65 | 55 | 80 | |
Low quality | 40 | 15 | 45 | |
Using table 5 above
1) What is the probability of randomly selecting a low price product
2) What is the probability of selecting a low quality product and high price
3) What is the probability of selecting a low quality or high price product
4) Given a client selects high quality, what is the probability of selecting a medium price product
A, 0.350
B,0.150
C,0.600
D,0.280
E0.733
F0.330
G,0.95 ?
Q2, Match the questions with answers.
Hypothesis: A popular survey says the mean number of clients who use the organization website is 424. You want to prove it is less. Your sample of 100 shows a mean of 420 clients use the website with a standard deviation of 20. Use a 99% confidence level
What is your alternative hypothesis?
-
What is the decision rule?
-
What is the test statistic?
-
Do you reject the null hypothesis?
-
A. Accept the alternate hypothesis
B.2.33
C. H1 is less than 424
D. Do not reject the null hypothesis
E. 0
F.H0 is less than 424
G. -2.33
H. -2.00
I. Reject the null hypothesis
J. H0 is less than 420
K. Do not reject the alternate hypothesis
L. H1 is less than 420
M. 1.65
N. 2.00
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