Posted: November 9th, 2016

If you were to test the null hypothesis that the daily mean revenue was $675, which test would you use? A.) t test of a population proportion

An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past 5 years, the mean daily revenue was $675 with a population standard deviation of $75. A sample of 30 days reveals a daily mean revenue of $625. If you were to test the null hypothesis that the daily mean revenue was $675, which test would you use? A.) t test of a population proportion B.) Z test of a population proportion C.) t test of population mean D.) Z test of a population mean 6.) Microsoft Excel was used on a set of data involving the number of defective items found in a random sample of 46 cases of light bulbs produced during a morning shift at a plant. A manager wants to know if the mean number of defective bulbs per case is greater than 20 during the morning shift. She will make her decision using a test with a level of significance of 0.10. The following information was extracted from the Microsoft Excel output for the sample of 46 cases: n = 46; Arithmetic Mean = 28.00; Standard Deviation = 25.92; Standard Error = 3.82; Null Hypothesis: H0 : ? ? 20; ? = 0.10; df = 45; T Test Statistic = 2.09; One-Tail Test Upper Critical Value = 1.3006; p-value = 0.021; Decision = Reject. True or False: Referring to Scenario 9-1, the manager can conclude that there is sufficient evidence to show that the mean number of defective bulbs per case is greater than 20 during the morning shift using a level of significance of 0.10. True False