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9.3 If you use a 0.10 level of significance in a two-tail hypothesis

Resolved Question:

9.3 If you use a 0.10 level of significance in a two-tail
hypothesis test, what is your decision rule for rejecting a
null hypothesis that the population mean is 500 if you use
the Z test?





For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output; this information is needed in order to receive full credit on these problems.

9.13 Do students at your school study more than, less
than, or about the same as students at other business
schools? BusinessWeek reported that at the top 50 business
schools, students studied an average of 14.6 hours per
week. (Data extracted from “Cracking the Books,” Special
Report/Online Extra, www.businessweek.com, March 19,
2007.) Set up a hypothesis test to try to prove that the
mean number of hours studied at your school is different
from the 14.6-hour-per-week benchmark reported by
BusinessWeek.
a. State the null and alternative hypotheses.
b. What is a Type I error for your test?
c. What is a Type II error for your test?



For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output; this information is needed in order to receive full credit on these problems.

9.14 The quality-control manager at a light bulb
factory needs to determine whether the mean life of
a large shipment of light bulbs is equal to 375 hours. The population
standard deviation is 100 hours. A random sample of
64 light bulbs indicates a sample mean life of 350 hours.
a. At the 0.05 level of significance, is there evidence that
the mean life is different from 375 hours?
b. Compute the p-value and interpret its meaning.
c. Construct a 95% confidence interval estimate of the population
mean life of the light bulbs.
d. Compare the results of (a) and (c). What conclusions do
you reach?



For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output; this information is needed in order to receive full credit on these problems.

9.25 A manufacturer of chocolate candies uses machines
to package candies as they move along a filling line. Although
the packages are labeled as 8 ounces, the company
wants the packages to contain a mean of 8.17 ounces so that
virtually none of the packages contain less than 8 ounces. A
sample of 50 packages is selected periodically, and the
packaging process is stopped if there is evidence that the
mean amount packaged is different from 8.17 ounces. Suppose
that in a particular sample of 50 packages, the mean
amount dispensed is 8.159 ounces, with a sample standard
deviation of 0.051 ounce.
a. Is there evidence that the population mean amount is
different from 8.17 ounces? (Use a 0.05 level of
significance.)
b. Determine the p-value and interpret its meaning




For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output; this information is needed in order to receive full credit on these problems.

9.48 Southside Hospital in Bay Shore, New York,
commonly conducts stress tests to study the heart
muscle after a person has a heart attack. Members of the diagnostic
imaging department conducted a quality improvement
project with the objective of reducing the turnaround time for
stress tests. Turnaround time is defined as the time from when
a test is ordered to when the radiologist signs off on the test
results. Initially, the mean turnaround time for a stress test was
68 hours. After incorporating changes into the stress-test
process, the quality improvement team collected a sample of
50 turnaround times. In this sample, the mean turnaround
time was 32 hours, with a standard deviation of 9 hours. (Data
extracted from E. Godin, D. Raven, C. Sweetapple, and
F. R. Del Guidice, “Faster Test Results,” Quality Progress,
January 2004, 37(1), pp. 33–39.)
a. If you test the null hypothesis at the 0.01 level of significance,
is there evidence that the new process has reduced
turnaround time?
b. Interpret the meaning of the p-value in this problem.




For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output; this information is needed in order to receive full credit on these problems.

9.55 The U.S. Department of Education reports that 46%
of full-time college students are employed while attending
college. (Data extracted from “The Condition of Education
2009,” National Center for Education Statistics, nces.ed.
gov.) A recent survey of 60 full-time students at Miami University
found that 29 were employed.
a. Use the five-step p-value approach to hypothesis testing
and a 0.05 level of significance to determine whether the
proportion of full-time students at Miami University is
different from the national norm of 0.46.
b. Assume that the study found that 36 of the 60 full-time
students were employed and re
Submitted: 10 months ago.
Category: Business and Finance Homework
Expert:  R.R. Jha replied 10 months ago.
Hi,

I'd be glad to help with these questions. I'll work over them and get back to you as soon as I'm done.


Regards
Customer: replied 10 months ago.

If at all possible could you send the answered questions in excel format? Thanks.

Customer: replied 10 months ago.
Relist: Other.
still has not answered!
Customer: replied 10 months ago.
Relist: Other.
Taking to long to answer my questions.
Expert:  R.R. Jha replied 10 months ago.
Yes, I'll send all answers in excel format, each question in a separate spreadsheet. I'll send them within a couple of hours.

Thanks
Customer: replied 10 months ago.

Thank you!

Expert:  R.R. Jha replied 10 months ago.
Most welcome!
Expert:  R.R. Jha replied 10 months ago.
Please download excel file below

https://app.box.com/s/zn0ajxxgaus1kpi7ev1o

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If you need help with any other questions, just add 'RRJha' at the start of question and send them in.

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