Question

In: Statistics and Probability

3.       A treadmill manufacturer has developed a new machine with softer tread and better fans than its...

3.       A treadmill manufacturer has developed a new machine with softer tread and better fans than its current model. The manufacturer believes these new features will enable runners to run for longer times than they can on its current machines. To determine whether the desired result is achieved, the manufacturer randomly sampled 35 runners. Each runner was measured for one week on the current machine and for one week on the new machine. The weekly total number of minutes for each runner on the two types of machines was collected. The results are contained in the file . At the 0.02 level of significance, can the treadmill manufacturer conclude that the new machine has the desired result? Treadmill.xlsx

a.       Specify the population parameter(s) of interest (proportion or mean):

b.       Formulate the null (H0) and alternate (HA) hypotheses:

c.       Specify the level of significance (alpha, a, probability of a Type I error):

d.       What is/are the critical value(s)?

e.       What is/are the value(s) of the test statistic?

f.        Based on your graph, do you reject H0 or do not reject H0? Explain

g.       To validate your results, we’ll also check our p-value. What is the p-value?

h.       Based on your p-value, do you reject H0 or do not reject H0? Explain

i.         State your summary statement of the conclusion in non-technical terms.

Runner Current New
1 302 404
2 289 494
3 380 251
4 438 343
5 342 402
6 447 362
7 330 363
8 286 533
9 252 187
10 421 397
11 307 387
12 444 251
13 369 244
14 336 208
15 206 276
16 450 430
17 252 402
18 280 406
19 473 548
20 432 531
21 239 389
22 350 293
23 185 256
24 371 513
25 233 308
26 536 217
27 238 499
28 306 284
29 187 257
30 484 501
31 431 449
32 524 442
33 412 411
34 460 451
35 287 371

Solutions

Expert Solution

Solution:-

Given that

A treadmill manufacturer has developed a new machine with softer tread and better fans than its current model. The manufacturer believes these new features will enable runners to run for longer times than they can on its current machines. To determine whether the desired result is achieved, the manufacturer randomly sampled 35 runners. Each runner was measured for one week on the current machine and for one week on the new machine. The weekly total number of minutes for each runner on the two types of machines was collected. The results are contained in the file . At the 0.02 level of significance, can the treadmill manufacturer conclude that the new machine has the desired result

a. Specify the population parameter(s) of interest (proportion or mean):

Population parameter mean

b. Formulate the null (H0) and alternate (HA) hypotheses:

v/s  

where

= mean of new tread mill

= mean of old tread mill

c. Specify the level of significance (alpha, a, probability of a Type I error):

d. What is/are the critical value(s)?

The teststatistic model is,

Here

e. What is/are the value(s) of the test statistic?

Here

f. Based on your graph, do you reject H0 or do not reject H0? Explain

Accept at 2% loss

g.To validate your results, we’ll also check our p-value. What is the p-value?

p - value

= p(t > 0.9279)

= 0.1783

h. Based on your p-value, do you reject H0 or do not reject H0? Explain

p -value = 0.17 > 0.02

Accept at 2% loss

i. State your summary statement of the conclusion in non-technical terms.

Average mean of new tread mill and current tread mill are equal.

Thanks for supporting...

Please give positive rating...


Related Solutions

A treadmill manufacturer has developed a new machine with softer tread and better fans than its...
A treadmill manufacturer has developed a new machine with softer tread and better fans than its current model. The manufacturer believes these new features will enable runners to run for longer times than they can on its current machines. To determine whether the desired result is achieved, the manufacturer randomly sampled 10 runners. Each runner was measured for one week on the current treadmill and for one week on the new treadmill. The weekly total number of minutes for each...
A tire company has developed a new tread design and claim that the newly designed tire...
A tire company has developed a new tread design and claim that the newly designed tire has a mean life of 60,000 miles or more. To examine the claim, a random sample of 16 prototype tires is tested. The mean tire life for this sample is 60,758 miles. Assume that the tire life is normally distributed with unknown mean µ and standard deviation σ=1500 miles. (a) Please construct a 90% confidence interval for the mean life of the new designed...
A botanist has developed a new hybrid cotton plant that can withstand insects better than other...
A botanist has developed a new hybrid cotton plant that can withstand insects better than other cotton plants. However, there is some concern about the germination of seeds from the new plant. To estimate the probability that a seed from the new plant will germinate, a random sample of 3000 seeds was planted in warm, moist soil. Of these seeds, 2060 germinated. (a) Use relative frequencies to estimate the probability that a seed will germinate. What is your estimate? (Enter...
Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following​...
Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following​ information: Sales Revenue $55,000 Beginning Finished Goods Inventory 20,000 Cost of Goods Sold 33,000 Cost of Goods Manufactured 40,000 Calculate the amount of ending Finished Goods Inventory reported on Super​ Tread's balance sheet. A. $60,00 B. $7,000 C. $27,000 D. $15,000
A tire manufacturer believes that the tread life of its snow tires can be described by...
A tire manufacturer believes that the tread life of its snow tires can be described by Normal model with a mean of 32,000 miles and a standard deviation of 2500 miles. a). If you buy a set of these tires, would it be reasonable for you to hope that they'll last 40,000 miles? Explain. b). Approximately what fraction of these tires can be expected to last less that 30,000 miles? c). Approximately what fraction of these tires can be expected...
A lightbulb manufacturer has developed a new lightbulb that it claims has an average life of...
A lightbulb manufacturer has developed a new lightbulb that it claims has an average life of more than 1,000 hours. A random sample of 50 lightbulbs was taken and had a mean of 1,065 hours and standard deviation of 125 hours. Perform a hypothesis test with a level of significance of 0.01. Perform steps 2 and 3 of the hypothesis test. Perform step 4 of the hypothesis test using the information from the last question. Perform step 5 of the...
A marine equipment manufacturer has developed a new hydrophone line that the company claims has a...
A marine equipment manufacturer has developed a new hydrophone line that the company claims has a mean 10 kilogram breaking force with a standard deviation of 0.5 kilograms. Check the hypothesis that μ = 8 kilograms is checked against the alternative that μ = 8 kilograms if a 50-line random sample is checked and a mean breaking force of 7.8 kilograms is observed. Using a 0.05 grade significance
Better Mousetraps has developed a new trap. It can go into production for an initial investment...
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.3 million. The equipment will be depreciated straight line over 6 years to a value of zero, but in fact it can be sold after 6 years for $694,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year’s forecast sales. The firm estimates production costs equal to $2.00 per trap...
Better Mousetraps has developed a new trap. It can go into production for an initial investment...
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $5.4 million. The equipment will be depreciated straight-line over 6 years, but, in fact, it can be sold after 6 years for $668,000. The firm believes that working capital at each date must be maintained at a level of 15% of next year’s forecast sales. The firm estimates production costs equal to $1.60 per trap and believes that the traps can...
Better Mousetraps has developed a new trap. It can go into production for an initial investment...
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $5.7 million. The equipment will be depreciated straight line over 6 years to a value of zero, but in fact it can be sold after 6 years for $518,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year’s forecast sales. The firm estimates production costs equal to $1.50 per trap...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT