Shopping Cart
0 items
 
CHARITY AND SPONSOR ADS

For a recent year, the mean fare to fly from Charlotte

For a recent year, the mean fare to fly from Charlotte
Click to enlarge
Price: $9.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

INSTANT DOWNLOAD

Solution Guide / Answer Key:

 

For a recent year, the mean fare to fly from Charlotte, North Carolina, to Chicago, Illinois, on a discount ticket was $267. A random sample of 13 round-trip discount fares on this route last month gives:


$321, $286, $290, $330, $310, $250, $270,$ 280,$ 299,$265,$ 291, $275, $281


For each problem:

1. State the null (Ho) and alternative (Ha) hypotheses

2. Select or note the (alpha) level of significance (for the test)

3. Identify [for later Calculation] the test statistic formula (e.g.: z, t)

4. Determine the Critical Value and Formulate a Decision Rule based on the critical value

5. Derive and Compute The Test Statistic Value

6. Make a Decision: Decide to Reject or not Reject the Null Hypothesis

7. State the implication(s) to the original exercise scenario.

Write Review
Your Name:


Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.