Question

In: Statistics and Probability

Do you get more for your money by buying loose or prepackaged carrots? 40 random packages...

Do you get more for your money by buying loose or prepackaged carrots? 40 random packages of carrots, labeled “1 pound” were selected from 8 different grocery stores and weighed to the nearest gram. (Note: grams were used as the unit of measurement so that the measurement could be more precise. One pound is equivalent to 454 grams.) The sample mean weight was 512.2 grams with a standard deviation of 39.3 grams. Is there evidence that the mean weight of a “1 pound” bag of carrots weighs differently than 454 grams (the equivalent of 1 pound)

a. Define the parameter(s) and state the hypotheses.

b. What would be a good graph to display the data from this study?

c. Are the conditions for the appropriate analysis met? Explain and show work or attach a graph if appropriate.

d. Compute the appropriate test statistic (show work). (3 points)

e. How many degrees of freedom does the test statistic have?

f. Find the p-value.

g. Based on your p-value, what do you conclude? Use  = 0.01.

h. Construct a 90% confidence interval for the mean weight (in grams) of a “1 pound” bag of carrots. Write a sentence interpreting your confidence interval.

Solutions

Expert Solution

Given that,
population mean(u)=454
sample mean, x =512.2
standard deviation, s =39.3
number (n)=40
null, Ho: μ=454
alternate, H1: μ!=454
level of significance, α = 0.01
from standard normal table, two tailed t α/2 =2.708
since our test is two-tailed
reject Ho, if to < -2.708 OR if to > 2.708
we use test statistic (t) = x-u/(s.d/sqrt(n))
to =512.2-454/(39.3/sqrt(40))
to =9.3661
| to | =9.3661
critical value
the value of |t α| with n-1 = 39 d.f is 2.708
we got |to| =9.3661 & | t α | =2.708
make decision
hence value of | to | > | t α| and here we reject Ho
p-value :two tailed ( double the one tail ) - Ha : ( p != 9.3661 ) = 0
hence value of p0.01 > 0,here we reject Ho
ANSWERS
---------------
a.
null, Ho: μ=454
alternate, H1: μ!=454
c.
yes,
the conditions for the appropriate analysis met
d.
test statistic: 9.3661
e.
d.f is 2.708
f.
critical value: -2.708 , 2.708
decision: reject Ho
p-value: 0
g.
we have enough evidence to support the claim that the mean weight of a “1 pound” bag of carrots weighs differently than 454 grams.
h.
TRADITIONAL METHOD
given that,
sample mean, x =512.2
standard deviation, s =39.3
sample size, n =40
I.
standard error = sd/ sqrt(n)
where,
sd = standard deviation
n = sample size
standard error = ( 39.3/ sqrt ( 40) )
= 6.214
II.
margin of error = t α/2 * (standard error)
where,
ta/2 = t-table value
level of significance, α = 0.1
from standard normal table, two tailed value of |t α/2| with n-1 = 39 d.f is 1.685
margin of error = 1.685 * 6.214
= 10.47
III.
CI = x ± margin of error
confidence interval = [ 512.2 ± 10.47 ]
= [ 501.73 , 522.67 ]
-----------------------------------------------------------------------------------------------
DIRECT METHOD
given that,
sample mean, x =512.2
standard deviation, s =39.3
sample size, n =40
level of significance, α = 0.1
from standard normal table, two tailed value of |t α/2| with n-1 = 39 d.f is 1.685
we use CI = x ± t a/2 * (sd/ Sqrt(n))
where,
x = mean
sd = standard deviation
a = 1 - (confidence level/100)
ta/2 = t-table value
CI = confidence interval
confidence interval = [ 512.2 ± t a/2 ( 39.3/ Sqrt ( 40) ]
= [ 512.2-(1.685 * 6.214) , 512.2+(1.685 * 6.214) ]
= [ 501.73 , 522.67 ]
-----------------------------------------------------------------------------------------------
interpretations:
1) we are 90% sure that the interval [ 501.73 , 522.67 ] contains the true population mean
2) If a large number of samples are collected, and a confidence interval is created
for each sample, 90% of these intervals will contains the true population mean


Related Solutions

You are buying a car for $25,000. You will put no money down and get a...
You are buying a car for $25,000. You will put no money down and get a loan for the full purchase price. The bank offers you the following loan terms: APR 8% (Annual percentage rate), 3 year loan with quarterly payments. Create an amortization schedule paying off the loan.
You are buying a car for $10,000. You will put down $1,000 of your own money...
You are buying a car for $10,000. You will put down $1,000 of your own money and get a loan for the rest of the purchase price. The bank offers you the following loan terms: APR 6% (Annual percentage rate), 1 year loan with monthly payments. 1. Calculate the amount of the loan payment (PMT): 2. Create an amortization schedule paying off the loan.
You are buying a car for $35,000. You will put $2,000 of your own money down...
You are buying a car for $35,000. You will put $2,000 of your own money down and get a loan for the rest of the purchase price. The bank offers you the following loan terms: APR 12% (Annual percentage rate), 6 year loan with annual payments. Calculate the amount of the loan payment (PMT): Create an amortization schedule paying off the loan.
Where do CFOs get their money news? According to Robert Half International, 47% get their money...
Where do CFOs get their money news? According to Robert Half International, 47% get their money news from newspapers, 15% get it from communication/colleagues, 12% get it from television, 11% from the Internet, 9% from magazines, 5% from radio, and 1% do not know. Suppose a researcher wants to test these results. She randomly samples 76 CFOs and ?nds that 40 of them get their money news from newspapers. Does the test show enough evidence to reject the ?ndings of...
Where do CFOs get their money news? According to Robert Half International, 47% get their money...
Where do CFOs get their money news? According to Robert Half International, 47% get their money news from newspapers, 15% get it from communication/colleagues, 12% get it from television, 11% from the Internet, 9% from magazines, 5% from radio, and 1% do not know. Suppose a researcher wants to test these results. She randomly samples 76 CFOs and finds that 40 of them get their money news from newspapers. Does the test show enough evidence to reject the findings of...
You are considering buying a new​ car, because you think it will save you money. Your...
You are considering buying a new​ car, because you think it will save you money. Your think your old car will cost​ $2,200 in gas and maintenance next year​ (Year 1), and you expect that to increase by​ 6% every year until the end of Year 10. A new car will cost you​ $16,500 now​ (Year 0). You think it will cost​ $500 in gas and maintenance next year​ (Year 1), and you expect that to increase by​ 4% every...
How can you disseminate scholarship in your practice (not money you get for school)?
How can you disseminate scholarship in your practice (not money you get for school)?
Give 10 advise how you get the money to pay your debt (etc) or inject money...
Give 10 advise how you get the money to pay your debt (etc) or inject money purpose from Islamic Finance instruments? Tawaruq & Sukuk etc
n your personal opinion, why do you think micrograms get more negative attention that positive attention?
n your personal opinion, why do you think micrograms get more negative attention that positive attention?
Would you favor spending more federal tax money on the arts? Of a random sample of...
Would you favor spending more federal tax money on the arts? Of a random sample of n1 = 94 politically conservative voters, r1 = 17 responded yes. Another random sample of n2 = 84 politically moderate voters showed that r2 = 22 responded yes. Does this information indicate that the population proportion of conservative voters inclined to spend more federal tax money on funding the arts is less than the proportion of moderate voters so inclined? Use α = 0.05....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT