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Using the p-value approach, what is your conclusion
Using the p-value approach, what is your conclusion 1. A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. a. Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from $1,150. b. Compute the test statistic. c. Using the p-value approach, what is your conclusion? Let ï¡ = .05. 2. From a population of cans of coffee marked "12 ounces," a sample of 50 cans was selected and the contents of each can were weighed. The sample revealed a mean of 11.8 ounces with a standard deviation of 0.5 ounces. a. Formulate the hypotheses to test to see if the mean of the population is at least 12 ounces. b. Compute the test statistic. c. Using the p-value approach, what is your conclusion ? Let ï¡ = .05. Math Assignment Help, Math Homework help, Math Study Help, Math Course Help
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20 Apr 2016
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Using the p-value approach, what is your conclusion
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