Question

In: Statistics and Probability

A seafood restaurant often receives complaints from it’s patrons that the lobster is too small. The...

A seafood restaurant often receives complaints from it’s patrons that the lobster is too small. The menu lists the weight of a lobster as 462g. The next time the restaurant receives a batch of 60 lobsters it weighs them and finds the average is 451g with a standard deviation of 31g. Do you think the restaurant sells lobsters that are smaller than advertised? Perform a hypothesis test at α = 0.01

Solutions

Expert Solution

Population mean:  = 462,

Sample size: n= 60,

Sample mean: = 451,

Sample standard deviation: s = 31

Significance level:   = 0.01

null and alternative hypothesis is

Ho:   = 462

Ha:   < 462

formula for test statistics is

t = -2.749

test statistics: t = -2.749

now calculate P-Value for this one tailed test with df= n-1 = 60 - 1 = 59

using following excel command we get p-value as,

P-Value = 0.0040

decision rule is,

Reject Ho if (P-Value) < ( )

Here, ( P-Value = 0.0040 ) < ( = 0.01 )

Hence,

Null hypothesis is rejected.

Therefore there is sufficient evidence to conclude that the restaurant sells lobsters that are smaller than advertised weight of 462.


Related Solutions

1. A seafood restaurant often receives complaints from it’s patrons that the lobster is too small....
1. A seafood restaurant often receives complaints from it’s patrons that the lobster is too small. The menu lists the weight of a lobster as 462g. The next time the restaurant receives a batch of 60 lobsters it weighs them and finds the average is 449g with a standard deviation of 31g. Do you think the restaurant sells lobsters that are smaller than advertised? Perform a hypothesis test at α = 0.01 2. The lifespan of a fruit fly is...
4. (4 marks) A seafood restaurant often receives complaints from it’s patrons that the lobster is...
4. A seafood restaurant often receives complaints from it’s patrons that the lobster is too small. The menu lists the weight of a lobster as 462g. The next time the restaurant receives a batch of 60 lobsters it weighs them and finds the average is 451g with a standard deviation of 31g. Do you think the restaurant sells lobsters that are smaller than advertised? Perform a hypothesis test at α = 0.01.
The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners....
The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data: Average Number Sold per Day, y Price, x Average Number Sold per Day, y Price, x 200 $6.00 155 $8.25 190 6.50 156 8.50 188 6.75 148 8.75 180 7.00 140 9.00 170 7.25 133 9.25 162 7.50 160 8.00 Obtain a linear regression line for the above data, and use it to predict the number of...
The probability of finding a seafood restaurant in a small beach town is 37/100. You decide...
The probability of finding a seafood restaurant in a small beach town is 37/100. You decide to look in 15 different small beach towns for a seafood restaurant. What are the potential outcomes of finding seafood restaurants in each town? What are the potential outcomes of finding seafood restaurants in 5 or fewer towns? What are the potential outcomes of finding seafood restaurants in 10 of the towns? Please explain the calculations and reasoning.
Assume that you’ve owned and operated a very successful elite seafood restaurant in a rather small...
Assume that you’ve owned and operated a very successful elite seafood restaurant in a rather small strip mall for several years. A Red Lobster chain seafood restaurant is just about to open across the street from you in another strip mall. Explain how this may affect your total revenue, marginal revenue, marginal cost, and total cost. In other words what, if any, changes would you have to make to what, how, and how much you produce to remain competitive
Hotel California is a small modern-style hotel located not too far from the Central Bangkok District....
Hotel California is a small modern-style hotel located not too far from the Central Bangkok District. Your job is to write a simple piece of software to manage the room occupancy. The hotel has two buildings; each building has four floors; and each floor has a different number of rooms. Building A has five rooms on each floor. Building B has four rooms on each floor. Each room is graded with Standard, Deluxe, and Suite, and the rates per night...
Hotel California Hotel California is a small modern-style hotel located not too far from the Central...
Hotel California Hotel California is a small modern-style hotel located not too far from the Central Bangkok District. Your job is to write a simple piece of software to manage the room occupancy. The hotel has two buildings; each building has four floors; and each floor has a different number of rooms. Building A has five rooms on each floor. Building B has four rooms on each floor. Each room is graded with Standard, Deluxe, and Suite, and the rates...
In your small business as a clothing distributor, you often source products from other countries where...
In your small business as a clothing distributor, you often source products from other countries where cotton is produced. Recently, you received an email from an international labor group alleging that some of the local middlemen you use to purchase cotton are unfairly compensating the small cotton growers for their crops. The labor group asks that your company only purchase “Fairtrade” certified cotton so that you have assurance that the farmers with smaller operations will receive fair market value for...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT