« previous next »

Author Question: DEA is used to measure the relative efficiency of two (or more) units in different industries, such ... (Read 105 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
on: Jun 24, 2018
DEA is used to measure the relative efficiency of two (or more) units in different industries, such as a bank and a school.
  Indicate whether the statement is true or false

Question 2

The average gasoline price of one of the major oil companies has been 3.00 per gallon. Because of shortages in production of crude oil, it is believed that there has been a significant INCREASE in the average price. In order to test this belief, we randomly selected a sample of 36 of the company's gas stations and determined that the average price for the stations in the sample was 3.06 . Assume that the standard deviation of the population () is 0.09.
 a. State the null and alternative hypotheses.
  b. Test the claim at  = .05.
  c. What is the p-value associated with the above sample results


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 24, 2018
Answer to Question 1

F

Answer to Question 2

a. H0:   3

Ha:  > 3
b. z = 4; therefore, reject H0 . There is sufficient evidence at  = .05 to conclude that there has been an increase in the average price.
c. less than .001


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Fura-2, a Ca2+-sensitive fluorochrome, can be used to monitor the relative conce Fura-2, a Ca2+-sensitive fluorochrome, can be used to monitor the relative conce
Calipers are used to measure the body fat on the triceps of a patient. Calipers are used to measure the body fat on the triceps of a patient.
A goniometer is used to measure range of motion of the patient’s arm. A goniometer is used to measure range of motion of the patient’s arm.
Repeating Units of DNA and RNA Repeating Units of DNA and RNA
Ways to Measure Percentage of Body Fat Ways to Measure Percentage of Body Fat
Productivity in Selected Industries in the Early 1990s Productivity in Selected Industries in the Early 1990s
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library