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Hypothesis Test: Mean vs. error n df t p-value (one-tailed. The firm examined 35 randomly chosen fax transmissions during the next year.54 Faced with rising fax costs. (a) At the .7522 35 34 5. yielding a sample mean of 14. a firm issued a guideline that transmissions of 10 pages or more should be sent by 2-day mail instead.9.45 pages.01 level of significance.01 level of significance. (b) Use Excel to find the right-tailed p-value. is the true mean greater than 10? Sure.4500 0. (a) At the . Hypothesized Value 10. Exceptions are allowed. dev.44 with a standard deviation of 4. is the true mean greater than 10? (b) Use Excel to find the right-tailed p-value.4400 4. the true mean is greater than 10. std.0000 14.90 5. but they want the average to be 10 or below. upper) .76E-07 hypothesized value mean Values std.

56

A coin was flipped 60 times and came up heads 38 times. (a) At the .10 level of significance, is the coin biased toward heads? Show your decision rule and calculations. (b) Calulate a p-value and interpret it.

Hypothesis test for proportion vs hypothesized value Observed 0.6333 38/60 38. 60 Hypothesized 0.5 30/60 30. 60 0.0645 2.07 0.0389 p (as decimal) p (as fraction) X n std. error z p-value (twotailed)

The alpha valuation for the 2-tailed test is 0.05 or 0.10 for the 1-tailed test (that means in support of heads). The test statistic z* is observed as the variation between the seen ratio and test ratio = 0.633 - 0.50 = 0.1333, divided by the standard error of the ratio (SE). The SE for a ratio is identified as the SQRT (pq/n), where p and q were the ratio and 1proportion described earlier (0.633 and 0.3667). We obtain an SE valuation of 0.06455 It helps to make the test statistic z* = 0.133/0.06455 = 2.0656 Applying one-sided probability of 0.0194 or 1.94%, that is less than the 0.10 alpha level. The 2-tailed probability is two times this quantity or 0.0389, that is also less than α =0.10. We will refrain from the NULL theory and deduce this coin isn't a fair coin and biased in support of heads.

9.62

The Web-based company Oh Baby! Gifts has a goal of processing 95 percent of its orders on the same day they are received. If 485 out of the next 500 orders are processed on the same day, would this prove that they are exceeding their goals, using a=.025? (See story.news.yahoo.com accessed June 25, 2004.)

Hypothesis test for proportion vs hypothesized value Observed 0.97 485/500 485. 500 Hypothesized 0.95 475/500 475. 500 0.0097 2.05 0.0201 p (as decimal) p (as fraction) X n std. error z p-value (one-tailed, upper)

The test statistic z* is found out as the variation between the observed ratio and test ratio = 0.97 - 0.95 = 0.02, divided by the standard error of the ratio (SE). The SE for a ratio is found out as the SQRT (pq/n), where p and q were the ratio and 1proportion described above (0.97 and 0.03). We obtain an SE value of 0.00975. It helps to make the test statistic z* = 0.02/0.00975 = 2.0519567. One-sided probability of 0.0201 or 2.01%, which is just less by 2.5% alpha level. The probability 485 out of 500 orders in fact comes from a population less than or equivalent to 0.95 is about 2.01% - that is improbable. So we would deduce this surpasses their objective.

which is only slightly higher than the 0. std. error n df t p-value (one-tailed.622 = 1.0567. The p-value is 0. does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket? State your hypotheses and decision rule.66 .66 and dividing by the standard error of the average (SE).250) = 0. (a) At the 5 percent level of significance.05 α cut-off.05 we don’t decline the NULL theory and can’t deduce that the mean expenditure is more than $250. (b) Is this a close decision? Hypothesis Test: Mean vs. upper) The test statistic t* is obtained by deducting (250.66 78.66 with a standard deviation of $78. . The SE is the standard deviation divided by the square root of the sample size = 78.0567 is above 0. determining that the mean out-of-pocket patient billing above the reimbursed amount was $275. The test statistic t* is 0.0567573 hypothesized value mean Values std.11.11 15.11/SQRT (25) = 78.64 An auditor reviewed 25 oral surgery insurance claims from a particular surgical office.622 25 24 1.622.11/5 = 15.643.9. dev.6425554 0. Since the p-value of 0. Hypothesized Value 250 275.66/15.

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Exercises from the E-Text Complete and submit the following problem set solutions from Chapter 9 of the e-text, Applied Statistics in Business and Economics, to your personal folder: Chapter 9 – Ch...

Exercises from the E-Text Complete and submit the following problem set solutions from Chapter 9 of the e-text, Applied Statistics in Business and Economics, to your personal folder: Chapter 9 – Chapter Exercises 9.54, 9.56, 9.62, and 9.64 Note: Methods of computation could include the usage of Excel®, SPSS®, Lotus®, SAS®, MINITAB®, or by hand computation.

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