Question #78835

Given that H0: μ ≤ 15
H1: μ > 15
A sample of 40 provides a sample mean of 16.5 and a sample standard deviation of 7
i. At α= 0.02, what is the critical value for z and what is the rejection rule?
ii. Compute the value of the test statistics z ?
1

Expert's answer

2018-07-04T09:49:08-0400

Answer on Question #78835 – Math – Statistics and Probability

Question

Given that H0: μ15\mu \leq 15

H1: μ>15\mu > 15

A sample of 40 provides a sample mean of 16.5 and a sample standard deviation of 7.

i. At α=0.02\alpha = 0.02, what is the critical value for z and what is the rejection rule?

ii. Compute the value of the test statistics z.

Solution

I. zcrit=z0.02=2.054z_{crit} = z_{0.02} = 2.054.

Reject the null hypothesis if z>2.054z > 2.054.

II. z=xˉμσ/n=16.5157/40=1.36<2.054z = \frac{\bar{x} - \mu}{\sigma / \sqrt{n}} = \frac{16.5 - 15}{7 / \sqrt{40}} = 1.36 < 2.054.

Fail to reject the null hypothesis.

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Assignment Expert
05.07.18, 18:23

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ANGELA OUMA
05.07.18, 17:34

A firm uses two inputs, K and L to manufacture final product. The price per unit of these inputs are sh. 20 and sh. 4 respectively. What combination of inputs should a firm use to maximize output given that the budget is fixed at sh. 390?

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