Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owner of a local club has recently surveyed a random sample of 300 customers of the club. She would now like to determine whether
The owner of a local club has recently surveyed a random sample of 300 customers of the club. She would now like to determine whether or not the mean age of her customers is greater than 50. She knows that population standard deviation should be 15 years. If so, she plans to alter the entertainment to appeal to an older crowd. If not, no entertainment changes will be made. Suppose she found that the sample mean was 50.25 years. (a) What is the null hypothesis? (b) What is the alternative hypothesis? (c) What is the test statistic? (d) What is the p-value for the test statistics? (e) What should be the decision of the owner at 5% level of significance
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