Solved: Determine the p-value for the test, Basic Statistics

+44 141 628 6080
[email protected]

Determine the p-value for the test

Consider the hypothesis test given by:

H₀: μ = 530
H₁: μ ≠ 530

In a random sample of 85 subjects, the sample mean is found to be x(bar) = 522.3. Also, the population standard deviation is σ = 29.

Determine the P-value for this test. Is there sufficient evidence to justify the rejection of H₀ at the α = 0.01 level? Explain.

View Complete Question

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Determine the p-value for the test

Reference No:- TGS0680063

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : What is the amount of goodwill on the date of purchase

Anton Company purchased the Hair Company on January 1, Year 1 for $600,000. The fair market value of the net assets was $400,000. What is the amount of goodwill on the date of purchase? It was established as a separate reporting unit.

Q : Computing the required return

The next dividend payment by ZYX, hnc will be $2.85 per share. The dividends are anticipated to maintain a 4.5 percent growth rate, forever. If ZYX stock currently sells for $84 per share, what is the required return?

Q : Compute expected share price using price ratio analysis

Price Ratio Analysis for Internet Companies Given the information below for HooYah! Corporation, compute the expected share price at the end of 2009 using price ratio analysis.

Q : Determine the actual hourly rate paid to employees

The Worldwide Credit Card, Inc., uses standards to control the labor time involved in opening mail from card holders and recording the enclosed remittances.

Q : Determine the p-value for the test

Determine the P-value for this test. Is there sufficient evidence to justify the rejection of H0 at the α = 0.01 level? Explain.

Q : Find weighted average cost of capital by historical market

Calculate the weighted average cost of capital on the basis of Historical Market Value Weights for. Company's debt represents 25%, preferred stock 10%, common stock equity represents 65% of total capital.

Q : Explain the rate and efficiency variances

In the past, the 10 persons employed in the production of Fruta consisted of 4 senior workers and 6 assistants. During June, the company experimented with 5 senior workers and 5 assistants.

Q : Proportion of men saying female bosses are harshly critical

At the 0.05 significance level, is there sufficient evidence to support the claim that the proportion of women saying female bosses are harshly critical is higher than the proportion of men saying female bosses are harshly critical? Show all work

Q : Case study of mickelson corporation

Mickelson Corporation will pay a $2.90 per share dividend next year. The next company pledges to increase its dividend by 4.75 percent per year, indefinitely.

1955443

Questions
Asked

3,689

Active Tutors

1429838

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Determine the p-value for the test

Reference No:- TGS0680063

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : What is the amount of goodwill on the date of purchase

Q : Computing the required return

Q : Compute expected share price using price ratio analysis

Q : Determine the actual hourly rate paid to employees

Q : Determine the p-value for the test

Q : Find weighted average cost of capital by historical market

Q : Explain the rate and efficiency variances

Q : Proportion of men saying female bosses are harshly critical

Q : Case study of mickelson corporation

What is meant by an incomplete abortion

Which sign indicates a child is a victim of bullying

Pregnant client about having a chorionic villus sampling

Discuss nursing diagnosis of deficient fluid volume

Defining characteristics of this diagnostic label

What is meant by an incomplete abortion

Discussion about fear of having contracted herpes

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Determine the p-value for the test

Reference No:- TGS0680063

Recent Questions Asked Basic Statistics

Q : What is the amount of goodwill on the date of purchase

Q : Computing the required return

Q : Compute expected share price using price ratio analysis

Q : Determine the actual hourly rate paid to employees

Q : Determine the p-value for the test

Q : Find weighted average cost of capital by historical market

Q : Explain the rate and efficiency variances

Q : Proportion of men saying female bosses are harshly critical

Q : Case study of mickelson corporation

Asked Questions