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Author Question: A company makes two products, A and B. A sells for 100 and B sells for 90 . The variable production ... (Read 227 times)

Bob-Dole

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on: Jun 24, 2018
A company makes two products, A and B. A sells for 100 and B sells for 90 . The variable production costs are 30 per unit for A and 25 for B. The company's objective could be written as: MAX 190x1 - 55x2.
  Indicate whether the statement is true or false

Question 2

A student believes that the average grade on the statistics final examination is 87 . A sample of 36 final examinations is taken. The average grade in the sample is 83.96 . The population variance is 144.
 a. State the null and alternative hypotheses.
  b. Using a critical value, test the hypothesis at the 5 level of significance.
  c. Using a p-value, test the hypothesis at the 5 level of significance.
  d. Using a confidence interval, test the hypothesis at the 5 level of significance.
  e. Compute the probability of a Type II error if the average grade on the final is 85.


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anoriega3

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Reply #1 on: Jun 24, 2018
Answer to Question 1

F

Answer to Question 2

a. H0:  = 87
Ha:   87
b. Do not reject H0, 1.96 < 1.52 < 1.96 . There is not sufficient evidence at  = .05 to conclude that the average statistics final exam grade differs from 87.

c. Do not reject H0, 0.1286 > 0.05 (same conclusion as part b)
d. 80.04 to 87.88; do not reject H0 (same conclusion as part b)
e. .8315


Bob-Dole

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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