Mushfiqur Rahman

NSU ID # 072188030
Assignment 01_Bus 173.1
10.23: A company selling licenses for new e-commerce computer
software advertises that firms using this software obtain, on average
during the first year, a yield of 10% on their initial investments. A ran-
dom sample of 10 of these franchises produced the following yields for
the first year of operation:

6.1 9.2 11.5 8.6 12.1 3.9 8.4 10.1 9.4 8.9

Assuming that population yields are normally distributed, test the
company's claim.

Answer:




Mushfiqur Rahman
NSU ID # 072188030
Assignment 01_Bus 173.1
Using Minitab

Calculation:

One-Sample T: x

Test of mu = 10 vs mu not = 10

Variable N Mean StDev SE Mean
x 10 8.820 2.401 0.759

Variable 95.0% CI T P
x ( 7.102, 10.538) -1.55 0.155














P-value:

Cumulative Distribution Function

Student's t distribution with 9 DF

x P( X <= x )
1.5500 0.9222