Question

In: Statistics and Probability

USING Graphing Calculator: TI 84+ AND +4 METHOD, NOT WALDS (please:)) The test statistic of z=-2.50...

USING Graphing Calculator: TI 84+ AND +4 METHOD, NOT WALDS (please:))

The test statistic of z=-2.50 is obtained when testing the claim that p<0.75

a. find the critical value(s)

b. Using sig. level alpha=0.05 should we reject null or fail to reject null?

Solutions

Expert Solution

Solution:

Given: The test statistic of z=-2.50 is obtained when testing the claim that p<0.75

Part a) find the critical value(s)

We have to use TI 84 plus calculator to find critical value.

Since this is left tailed test , we have one critical value which is in left tail.

Level of significance = 0.05

Use following steps in TI 84:

Press 2ND and VARS

Select invNorm(

Enter Numbers:

Area is level of significance

For z , Mean is 0 and standard deviation is 1.

Click on Paste and press Enter two times.

Thus

z critical value = -1.64485

z critical value = -1.645

( Round answer to specified number of decimal places)

Part b) Using sig. level alpha=0.05 should we reject null or fail to reject null?

Decision Rule:
Reject null hypothesis ,if z  test statistic value < z critical value = -1.645 , otherwise we fail to reject H0.

Since z test statistic = z = -2.50 < z critical value = -1.645 , we should reject null hypothesis H0.


Related Solutions

How to Factor Polynomials on a Graphing Calculator (TI-83 and TI-84)
How to Factor Polynomials on a Graphing Calculator (TI-83 and TI-84)
If possible, please explain how to calculate with a Ti-84 Plus calculator. In the following problem,...
If possible, please explain how to calculate with a Ti-84 Plus calculator. In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal distribution to estimate the requested probabilities. Do you try to pad an insurance claim to cover your deductible? About 44% of all U.S. adults will try to pad their insurance claims! Suppose that you are the director of an insurance adjustment office. Your office has just received...
Please explain steps to find these answers on the TI 84 plus calculator: A machine used...
Please explain steps to find these answers on the TI 84 plus calculator: A machine used to fill gallon sized paint cans is regulated so that the amount of paint dispensed has a mean of 128 ounces and a standard deviation of 0.20 ounce. You randomly select 40 cans and carefully measure the contents. The same mean of the cans is 127.9 ounces. Does the machine need to be reset? Explain your reasoning.
What are the steps for solving for MIRR using a Ti-84 calculator given the following information:...
What are the steps for solving for MIRR using a Ti-84 calculator given the following information: (Please list all steps and keys to press to arrive to the conclusion) C0 C1 C2 IRR NPV@10% Project A -$1.6M +$10M -$10M 25%, 400% -$0.77M
HOW WOULD YOU COMPUTE THIS BY HAND AND USING A TI-84 CALCULATOR? WHAT ARE THE STEPS...
HOW WOULD YOU COMPUTE THIS BY HAND AND USING A TI-84 CALCULATOR? WHAT ARE THE STEPS FOR THE CALCULATOR? also for 2, how do you calculate PMT for TVM solver on Calc Consider the after-tax cash flows below from a project that is being considered by Despondus Corporation. Since the project is an extension of the firm's current business, it carries the same risk as the overall firm. Year 0 1 2 3 4 5 Cash Flow -$264,000 $92,000 $66,000...
For the answer please show you work : please include steps/functions used on TI 84+ calculator...
For the answer please show you work : please include steps/functions used on TI 84+ calculator (mandatory). a. State the hypotheses and identify the claim. b. Find the critical value. c. Compute the test value. d. Make the decision./Summarize the results In a magazine survey, 60% of respondents said that they used reusable shopping bags, 32% asked for plastic, and 8% requested paper. A random sample of 300 shoppers revealed that 28 asked for paper, 120 requested plastic, and the...
Please solve using graphing calculator. Include what is typed into calculator in your explaination. For example:...
Please solve using graphing calculator. Include what is typed into calculator in your explaination. For example: First, type the data under L1, then go to STAT --> TESTS -->TInverval. Inpt: Data (highlight the word Data) List: L1 Freq: 1 C-level .98 Calculate--> (3.54, 4.29) Show as much work as you can to support answer. In a Pew Research Center poll 745 randomly selected adults, 589 said that it is morally wrong not to report all income on tax returns. Assume...
I need what to put on the TI-84 calculator and verify that all conditions of the...
I need what to put on the TI-84 calculator and verify that all conditions of the Central Limit Theorem have been met. Answer is next to the question on the bracket. Note: Before answering the following questions, make sure to verify that all conditions of the Central Limit Theorem have been met. 7.2.1 On an average day in 2013, 83% of women and 65% of men spent some time doing household activities such as housework, cooking, lawn care, and financial...
3. Interpret calculator display: The following TI-84 Plus calculator display presents a 99% confidence interval for...
3. Interpret calculator display: The following TI-84 Plus calculator display presents a 99% confidence interval for the difference between two proportions. a. (1pt) Compute the point estimate of p1 − p2. Round to the nearest thousandth. b. (2pt) Fill in the blanks: We are 99% confident that the difference between the proportions is between ___________and_____________ . Round values to the nearest thousandth.
PLEASE EXPLAIN HOW TO DO ON TI-84 You wish to test the following claim (HAHA) at...
PLEASE EXPLAIN HOW TO DO ON TI-84 You wish to test the following claim (HAHA) at a significance level of α=0.02α=0.02.       Ho:μ=54.2Ho:μ=54.2       HA:μ≠54.2HA:μ≠54.2 You believe the population is normally distributed, but you do not know the standard deviation. You obtain the following sample of data: data 41.7 40.8 40.8 76.1 71.1 60.1 44 46 50.1 56.1 What is the critical value for this test?  (Round to the thousandths) critical value = ±± Enter the data into L1 and make sure to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT