In: Statistics and Probability
Nationally, about 11% of the total U.S. wheat crop is destroyed each year by hail.† An insurance company is studying wheat hail damage claims in a county in Colorado. A random sample of 16 claims in the county reported the percentage of their wheat lost to hail.
14 | 8 | 7 | 10 | 14 | 18 | 13 | 9 |
7 | 10 | 26 | 20 | 15 | 10 | 14 | 7 |
The sample mean is x = 12.6%. Let x be a random variable that represents the percentage of wheat crop in that county lost to hail. Assume that x has a normal distribution and σ = 5.0%. Do these data indicate that the percentage of wheat crop lost to hail in that county is different (either way) from the national mean of 11%? Use α = 0.01.
b). Compute the z value of the sample test statistic.
(Round your answer to two decimal places.) ___________?
(c) Find (or estimate) the P-value. (Round your answer to
four decimal places.) _________?