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Read, understand and solve each item carefully. Show your complete solution on the answer sheet column.
Direction: Solve each problem showing all the necessary steps and computations.
1. Given are the capital shares of 12 randomly chosen member accounts of a certain cooperative.
Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750,
2. 17800, 15000, 22100, 10210 Given are the capital shares of 12 randomly chosen member
accounts of a certain cooperative.
Shared Capital: 7500, 12800, 9650, 13000, 25000, 15000, 15500, 17250, 18600, 21050, 16750,
17800, 15000, 22100, 10210
Can it be claimed that the average capital share of the members is significantly different from
16,000? Use a 1% level of significance and follow the necessary steps below: (10 points)
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
3. A sample of 800 items produced on a new machine showed that 48 of them are defective. The
factory will get rid the machine if the data indicates that the proportion of defective items is
significantly more than 5%. At a significance level of 5%, is there enough evidence to get rid of
the machine? The following steps should be indicated in your answer: (10 points)
iv. Computation: Paste here the solution you made using Excel; or write your manual
computation.
The machine should be replaced, based on the data collected, because the
The percentage of defective items appears to be substantially more than 5%.
Can it be claimed that the average capital share of the members is significantly different from
16,000? Use a 1% level of significance and follow the necessary steps below: (10 points)
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
mean = 16148.267
4. A sample of 800 items produced on a new machine showed that 48 of them are defective. The
factory will get rid the machine if the data indicates that the proportion of defective items is
significantly more than 5%. At a significance level of 5%, is there enough evidence to get rid of
the machine? The following steps should be indicated in your answer: (10 points)
vi. Computation: Paste here the solution you made using Excel; or write your
manual computation.