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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
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 QUESTION 6 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? A. Ho is less than 424 What is the decision rule? B. Accept the alternate hypothesis What is the test statistic? C. Ho is less than 420 Do you reject the null hypothesis? D. Do not reject the alternate hypothesis E. 2.00 F. 0 G. H1 is less than 424 H. Reject the null hypothesis 1. H1 is less than 420 J. 1.65 K. -2.33 L. Do not reject the null hypothesis M. 2.33 N. -2.00
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