« previous next »

Author Question: DEA is used to measure the relative efficiency of two (or more) units in different industries, such ... (Read 104 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?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

(a) The relative age ranges of different dating techniques depend upon the half-life of the system u (a) The relative age ranges of different dating techniques depend upon the half-life of the system u
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Units of Radiation Measurement Units of Radiation Measurement
Transport of acetyl units and reducing equivalents used in fatty acid synthesis Transport of acetyl units and reducing equivalents used in fatty acid synthesis
Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ... Astronaut Rachel leaves Earth in a spaceship at a speed of 0.960c relative to an observer on ...
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library