Question

In: Statistics and Probability

Imagine someone has created new shoe technology and would like to be able to say that...

Imagine someone has created new shoe technology and would like to be able to say that their shoes have led to faster event times. Imagine the data represents Men’s 400 meter freestyle times with the new shoes. Compare against the industry rival’s reported mean time of 4.13 minutes. Complete a one-tailed hypothesis test at the 5% significance level for a single mean to determine if the new suits are statistically faster (hint: is a faster time a smaller or larger time?).

Data Set: 400 Meter Race Times

3.77, 3.51, 3.91, 4.49, 3.71, 3.97, 3.43, 4.47, 3.74, 3.77, 4.08, 4.31, 4.27, 4.17, 3.90, 4.36, 3.84,3.70, 3.68, 4.14, 3.85, 3.86, 3.80, 4.09, 4.03, 4.65, 3.50, 4.54, 4.27, 4.61, 3.89, 4.23, 4.46, 3.84, 3.63, 3.99, 3.88, 3.97, 3.51, 4.62

  1. What is the null hypothesis?
  2. What is the alternative hypothesis?
  3. What is the critical value of the t statistic (use degrees of freedom = 40 as being close enough)?
  4. What is the test statistic (a.k.a. calculated value of the t-statistic) from the data set?
  5. What is your decision?
  6. What is your conclusion?

Solutions

Expert Solution

Create the following table.

data data-mean (data - mean)2
3.77 -0.241 0.058081
3.51 -0.501 0.251001
3.91 -0.101 0.010201
4.49 0.479 0.229441
3.71 -0.301 0.090601
3.97 -0.041 0.001681
3.43 -0.581 0.337561
4.47 0.459 0.210681
3.74 -0.271 0.073441
3.77 -0.241 0.058081
4.08 0.069 0.004761
4.31 0.299 0.089401
4.27 0.259 0.067081
4.17 0.159 0.025281
3.90 -0.111 0.012321
4.36 0.349 0.121801
3.84 -0.171 0.029241
3.70 -0.311 0.096721
3.68 -0.331 0.109561
4.14 0.129 0.016641
3.85 -0.161 0.025921
3.86 -0.151 0.022801
3.80 -0.211 0.044521
4.09 0.079 0.006241
4.03 0.019 0.000361
4.65 0.639 0.408321
3.50 -0.511 0.261121
4.54 0.529 0.279841
4.27 0.259 0.067081
4.61 0.599 0.358801
3.89 -0.121 0.014641
4.23 0.219 0.047961
4.46 0.449 0.201601
3.84 -0.171 0.029241
3.63 -0.381 0.145161
3.99 -0.021 0.000441
3.88 -0.131 0.017161
3.97 -0.041 0.001681
3.51 -0.501 0.251001
4.62 0.609 0.370881

Find the sum of numbers in the last column to get.

Here null hypothesis is

Alternative hypothesis is

Test statistics is

T-Value (right-tailed): 1.6849

As t critical is greater than t statistics we fail to reject the null hypothesis

Hence we conclude that the new suits are not statistically faster


Related Solutions

Considering a new chain of shoe stores. The marketing department of the corporation would like to...
Considering a new chain of shoe stores. The marketing department of the corporation would like to know the customers and their preferences. What questions would you ask before developing an IS for data collection and analysis? Please list five questions.
Imagine that someone has just devised a new muscular endurance test. What would you do to...
Imagine that someone has just devised a new muscular endurance test. What would you do to prove that it is a valid test? (Show all steps, including evaluative ones.)
Imagine that your new client would like to form a partnership. The client has asked you...
Imagine that your new client would like to form a partnership. The client has asked you to assist in avoiding transactions that might result in a taxable transaction for the partnership. Recommend at least two (2) transactions that the partnership should avoid in order to prevent a taxable transaction to the partnership. Provide a rationale for your recommendation.
Imagine you are an entrepreneur with a new idea and would like to start a business...
Imagine you are an entrepreneur with a new idea and would like to start a business with your idea, but lack capital. Go to the U.S. Small Business Administration’s Website, located at http://www.sba.gov/content/sbic-program, and read about the Small Business Investment Companies (SBIC) Program. Also, explore the Website for information regarding sources available for providing venture capital. Provide an overview (two to three paragraphs) of your start-up company. In the overview of your company, describe its products, historical financial performance, major...
Rodriguez began reviewing a proposal for a new hiking shoe being considered. The hiking shoe would...
Rodriguez began reviewing a proposal for a new hiking shoe being considered. The hiking shoe would be named Persistence. The hiking and active walking sector was one of the fastest growing areas of the footwear industry and one they had not yet entered. The business case for the hiking shoe needed some work; but after preliminary analysis, she focused on the following information: 1. The life of the Persistence project would be only three years, given the steep technological learning...
Imagine a situation where a neighbor has an ugly tree that you would like to remove....
Imagine a situation where a neighbor has an ugly tree that you would like to remove. You complain but your neighbor likes her tree. Now suppose that she has the legal right to keep it; then, according to the economist Ronald Coase’s analysis, you would have to pay her to remove it. (Case 3 & 4 below) If you have a right to protection from her pernicious tree, then she can pay you to tolerate it. (Case 1 & 2...
One of the items that businesses would like to be able to test is whether or...
One of the items that businesses would like to be able to test is whether or not a change they make to their procedures is effective. Remember that when you create a hypothesis and then test it, you have to take into consideration that some variance between what you expect and what you collect as actual data is because of random chance. However, if the difference between what you expect and what you collect is large enough, you can more...
One of the items that businesses would like to be able to test is whether or...
One of the items that businesses would like to be able to test is whether or not a change they make to their procedures is effective. Remember that when you create a hypothesis and then test it, you have to take into consideration that some variance between what you expect and what you collect as actual data is because of random chance. However, if the difference between what you expect and what you collect is large enough, you can more...
Would someone be able to explain the difference between ∆Grxn = -RTLnKeq and ∆G = ∆H...
Would someone be able to explain the difference between ∆Grxn = -RTLnKeq and ∆G = ∆H - T∆S? I am not sure on the difference in context when they are used. Thanks
Imagine you are working for a Korean company. How you would be able to deal with...
Imagine you are working for a Korean company. How you would be able to deal with the Korean management style, and what would probably be the biggest cultural challenges for you to accommodate to such an environment?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT