MBA 510 Individual – Problem Set II

Chapter 9 Exercise 1212. The American Sugar Producers Association wants to try the toy with yearly sugar consumption. A sample of 16 people reveals the fee-tail yearly consumption to be 60 pounds with a standard deviation of 20 pounds. A. What is the value of the acres mean? What is the shell estimate of this value? arrange: The reality mean is unknown because the sum of the values is not known. The outflank estimate is 60 pounds, which is also the sample mean. The population mean is the sum of all the values in the population abstract by the number of values in the population. B. Explain wherefore we pauperisation to use the t scattering. What assumption do you imply to make? decide: We need to use the t diffusion because the standard deviation is unknown and the sample size is bitty than 30. I would need to make a normality assumption. C. For a 90 percent assurance musical detachment, what is the value of t?Answer: N-1 = 15, which gives a value of df of 15. Usi ng the 90% interval t is equal to: 1.753D. Develop the 90 percent confidence interval for the population mean. Answer:X ± t S which equals: 68.765 and 51.235?nX = 60, t = 1.753, S = 20, n = 16. The endpoints for the confidence interval ar: 68.765 for the velocity confidence limit and 51.

235 for the lower confidence limit. E. Would it be middling to conclude that the population mean is 63 pounds?Answer: Yes it would be reasonable to conclude that the population mean is 63 pounds because it waterfall between the 68.765 and 51.235 intervals. Chapter 10 Exercise 6For Exercises 5?8: (a) pass on the null hypothesi s and the alternate hypothesis. (b) verbali! ze the decision rule. (c) reckon the value of the test statistic. (d) What is... If you want to take up a all-embracing essay, order it on our website: BestEssayCheap.com

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