Question

In: Economics

You are interested in estimating the average number of pizza slices a college student eats in...

You are interested in estimating the average number of pizza slices a college student eats in one month. In a random sample of 30 college students, you find the average to be 18.924 slices with a sample variance of 120. What is the p-value for a two-sided hypothesis test where the null is that the true population mean is 14 slices per month?

Solutions

Expert Solution

Given:

Null Hypothesis: population mean (μ) = 14

Alternative Hypothesis: population mean (μ) ≠ 14

Sample mean () = 18.924

Sample size (n) = 30

Sample variance (V) = 120

We use t-test since sample size is small and population variance is also unknown

t-statistic (t) = - μ / s/√n

where s =standard deviation = √sample variance = √120 = 10.95445

and s/√n = standard error of the mean = 10.95445/√30 = 10.95445/5.477226 = 2

              now, t = - s/√n

                    = 18.924 – 14 / 2

                      = 4.924 / 2

= 2.462

Now, we find p-value in excel by following formula

= tdist(x,deg_freedom,tails)

Where x = t = 2.462

             deg_freedom = n-1 = 29

             tails = 2

= tdist(2.462,29,2) = 0.02001 = p-value


Related Solutions

Suppose that you are interested in estimating the average number of miles per gallon of gasoline...
Suppose that you are interested in estimating the average number of miles per gallon of gasoline your car can get. You calculate the miles per gallon for each of the next twenty-five times you fill the tank. Suppose that in truth, the values for your car are bell-shaped, with a mean of 20 miles per gallon and a standard deviation of 1. Find the possible sample means you are likely to get based on your sample of twenty-five observations. Consider...
A community health association is interested in estimating the average number of maternity days women stay...
A community health association is interested in estimating the average number of maternity days women stay in the local hospital. A random sample is taken of 36 women who had babies in the hospital during the past year. The following numbers of maternity days each woman was in the hospital are rounded to the nearest day. 3 3 4 3 2 5 3 1 4 3 4 2 3 5 3 2 4 3 2 2 1 6 3 4...
A manufacturer of college textbooks is interested in estimating the strength of the bindings produced by...
A manufacturer of college textbooks is interested in estimating the strength of the bindings produced by a particular binding machine. Strength can be measured by recording the force required to pull the pages from the binding. If this force is measured in pounds, how many books should be tested to estimate with 99% confidence to within 0.1 lb, the average force required to break the binding? Assume that σ is known to be 0.7 lb. (Use the value of z...
A 2010 study asserts that the number of hours that the average college student studies each...
A 2010 study asserts that the number of hours that the average college student studies each week has been steadily dropping (The Boston Globe, July 4, 2010). In fact, the researchers state that, in the U.S., today’s undergraduates study an average of 14 hours per week. Suppose an administrator at a local university wants to show that the average study time of students at his university differs from the national average. He takes a random sample of 35 students at...
Suppose you are interested in estimating the relationship between edu (number of years of university education)...
Suppose you are interested in estimating the relationship between edu (number of years of university education) and the inc (annual income measured in ten thousand) and you run the following regression: ??? = ?? + ?? ??? + ? 4.A Suppose ?? = ???? , ?? = ???? , ??? ? = 8. Further, if you know, ?̅ = 3.2125, ?̅= 25.875, ∑ (?? − ?̅ ? ?=1 ) (?? − ?̅) = 5.8125 and ∑ (?? − ?̅) 2...
Student Debt – Vermont: The average student loan debt of a U.S. college student at the...
Student Debt – Vermont: The average student loan debt of a U.S. college student at the end of 4 years of college is estimated to be about $21,800. You take a random sample of 141 college students in the state of Vermont and find the mean debt is $23,000 with a standard deviation of $2,800. You want to construct a 99% confidence interval for the mean debt for all Vermont college students. (a) What is the point estimate for the...
Student Debt – Vermont: The average student loan debt of a U.S. college student at the...
Student Debt – Vermont: The average student loan debt of a U.S. college student at the end of 4 years of college is estimated to be about $22,500. You take a random sample of 146 college students in the state of Vermont and find the mean debt is $23,500 with a standard deviation of $2,600. We want to construct a 90% confidence interval for the mean debt for all Vermont college students. (a) What is the point estimate for the...
A researcher specializing in the area of juvenile delinquency is interested in estimating the average age...
A researcher specializing in the area of juvenile delinquency is interested in estimating the average age when delinquency first begins. Taking a random sample of 57 juveniles, she determines a sample mean of 13.4 years and a sample standard deviation of 1.5 years. Construct a 99% confidence interval to estimate when the average population (mean) age of delinquency begins
A social psychologist is interested in if the type of music a college student is listening...
A social psychologist is interested in if the type of music a college student is listening to has any effect on the number of hours per week the student studies. A group of college students identified to one of four types of music: rock and roll, jazz, country, and showtunes. Ten students were selected for each group. In addition to this the psychologist wondered if gender would have an impact on the hours studying as well so each of the...
You are interested in finding a 98% confidence interval for the average number of days of...
You are interested in finding a 98% confidence interval for the average number of days of class that college students miss each year. The data below show the number of missed days for 10 randomly selected college students. 5 4 10 8 1 2 6 5 8 11 a. To compute the confidence interval use a distribution. b. With 98% confidence the population meannumber of days of class that college students miss is between and days. c. If many groups...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT