Question
In: Statistics and Probability
Please show your work 9.2.3 All Fresh Seafood is a wholesale fish company based on the...
Please show your work
9.2.3
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S. Catalina Offshore Products is a wholesale fish company based on the west coast of the U.S. Table #9.2.5 contains prices from both companies for specific fish types ("Seafood online," 2013) ("Buy sushi grade," 2013). Do the data provide enough evidence to show that a west coast fish wholesaler is more expensive than an east coast wholesaler? Test at the 5% level.
Table #9.2.5: Wholesale Prices of Fish in Dollars
|
Fish |
All Fresh Seafood Prices |
Catalina Offshore Products Prices |
|
Cod |
19.99 |
17.99 |
|
Tilapi |
6.00 |
13.99 |
|
Farmed Salmon |
19.99 |
22.99 |
|
Organic Salmon |
24.99 |
24.99 |
|
Grouper Fillet |
29.99 |
19.99 |
|
Tuna |
28.99 |
31.99 |
|
Swordfish |
23.99 |
23.99 |
|
Sea Bass |
32.99 |
23.99 |
|
Striped Bass |
29.99 |
14.99 |
Solutions
Expert Solution
Ho : µd ≤ 0
Ha : µd > 0
| SAMPLE 1 | SAMPLE 2 | difference , Di =sample1-sample2 | (Di - Dbar)² |
| 19.99 | 17.99 | 2 | 0.199 |
| 6 | 13.99 | -7.99 | 108.901 |
| 19.99 | 22.99 | -3 | 29.654 |
| 24.99 | 24.99 | 0 | 5.981 |
| 29.99 | 19.99 | 10 | 57.070 |
| 28.99 | 31.99 | -3 | 29.654 |
| 23.99 | 23.99 | 0 | 5.981 |
| 32.99 | 23.99 | 9 | 42.961 |
| 29.99 | 14.99 | 15 | 157.614 |
mean of difference , D̅ =ΣDi / n =
2.4456
std dev of difference , Sd = √ [ (Di-Dbar)²/(n-1) =
7.3994
std error , SE = Sd / √n = 7.3994 /
√ 9 = 2.4665
t-statistic = (D̅ - µd)/SE = ( 2.445555556
- 0 ) / 2.4665
= 0.992
Degree of freedom, DF= n - 1 =
8
t-critical value , t* =
1.8595 [excel function: =t.inv(α,df) ]
p-value = 0.1752 [excel
function: =t.dist.rt(t-stat,df) ]
Decision: p-value>α , Do not reject null
hypothesis
orchestra answered 1 year agoRelated Solutions
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....
All Fresh Seafood is a wholesale fish company based on the east
coast of the U.S. Catalina Offshore Products is a wholesale fish
company based on the west coast of the U.S. Table #9.2.5 contains
prices from both companies for specific fish types ("Seafood
online," 2013) ("Buy sushi grade," 2013). Data is in following
table:
Fish
All Fresh Seafood Prices
Catalina Offshore Products Prices
Cod
19.99
17.99
Tilapi
6.00
13.99
Farmed Salmon
19.99
22.99
Organic Salmon
24.99
24.99
Grouper Fillet...
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....
All Fresh Seafood is a wholesale fish company based on the east
coast of the U.S. Catalina Offshore Products is a wholesale fish
company based on the west coast of the U.S. Table #9.2.5 contains
prices from both companies for specific fish types ("Seafood
online," 2013) ("Buy sushi grade," 2013). Data is in following
table:
Fish
All Fresh Seafood Prices
Catalina Offshore Products Prices
Cod
19.99
17.99
Tilapi
6.00
13.99
Farmed Salmon
19.99
22.99
Organic Salmon
24.99
24.99
Grouper Fillet...
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....
All Fresh Seafood is a wholesale fish company based on the east
coast of the U.S. Catalina Offshore Products is a wholesale fish
company based on the west coast of the U.S. Table #9.2.5 contains
prices from both companies for specific fish types ("Seafood
online," 2013) ("Buy sushi grade," 2013). Data is in following
table:
Fish
All Fresh Seafood Prices
Catalina Offshore Products Prices
Cod
19.99
17.99
Tilapi
6.00
13.99
Farmed Salmon
19.99
22.99
Organic Salmon
24.99
24.99
Grouper Fillet...
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....
All Fresh Seafood is a wholesale fish
company based on the east coast of the U.S. Catalina Offshore
Products is a wholesale fish company based on the west coast of the
U.S. The table below contains prices from both companies for
specific fish types ("Seafood online," 2013) ("Buy sushi grade,"
2013). Do the data provide enough evidence to show that a west
coast fish wholesaler is more expensive than an east coast
wholesaler? Test at the 5% level.
Table #2:...
All Fresh Seafood is a wholesale fish company based on the east coast of the U.S....
All Fresh Seafood is a wholesale fish company based on the east
coast of the U.S. Catalina Offshore Products is a wholesale fish
company based on the west coast of the U.S. Table #9.2.5 contains
prices from both companies for specific fish types ("Seafood
online," 2013) ("Buy sushi grade," 2013). Do the data provide
enough evidence to show that a west coast fish wholesaler is more
expensive than an east coast wholesaler? Test at the 5% level.
Table #9.2.5: Wholesale...
Show all of your work in the space provided. Show all of your work to get...
Show all of your work in the
space provided. Show all of your work to get full credit. All
answers have to be in SI units(20 pints for each
questions).
2.Following are the two sets of
position and time data collected using a motion sensor and
cart.
Table 1. table 2
Time
(s)
Position
(m)
V(instantaneous)
(m/s)
0
10.0
0.25
13.0
0.50
16.5
0.75
21.0
1.00
26.5
1.25
32.3
1.50
38.0
1.75
44.5
2.00
52.0
2.25
60.0
2.50
68.5...
Please show all your work step by step and all the formula that is used. This...
Please show all your work step by step and all the formula that
is used. This is my 3rd time posting as people do not explain what
they are doing. Therefore, do not answer if you can't explain.
D. What is the present value (PV) of a 12-years lease
arrangement with an interest rate of 7.5% that requires annual
payments of $4250. Per year with first payment being due now?
E. A recent college graduate hopes to have $200000. Saved...
( PLEASE SHOW ALL YOUR WORK) You will need your ticker code (company abbreviation) for stock...
( PLEASE SHOW ALL YOUR WORK)
You will need your ticker code (company abbreviation) for stock
prices for this question. Use your ticker code to obtain the
closing prices for the following two time periods to obtain two
data sets:
March 2, 2019 to March 16, 2019
Data set A
February 16, 2019 to February 28, 2019
Data set B
Take the closing prices from data set B and add 0.5 to each one
of them. Treat data sets A...
Engleside Seafood Company ships fresh seafood to customers in a nearby city. The logistics manager has...
Engleside Seafood Company ships fresh seafood to customers in a
nearby city. The logistics manager has identified three shipping
alternatives. The first is to call a common carrier, the second is
to lease its own fleet of refrigerated trucks and the third option
is a contractual arrangement with a local carrier. The outcome of
the decision will be affected by the demand level as indicated in
the payoff table below.
Demand
Alternatives
Low
High
Common Carrier
200
4000
Lease Own...
Please show all work!! You have been asked by the president of your company to evaluate...
Please show all work!! You have been asked by the president of
your company to evaluate the proposed acquisition of a new
spectrometer for the firm’s R&D department. The equipment’s
basic price is $70,000 and it would cost another $15,000 to modify
it for special use by your firm. The spectrometer, which has a
MACRS 3-year recovery period, would be sold after 3 years for
$30,000. Use of the equipment would require an increase in net
working capital (spare parts...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Consider the following linear programming problem: Maximize 10X + 8Y Subject to: 40X + 24Y <=...
- Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies...
- Think about a company you have worked for, either currently or in the past. Reflect upon...
- 1) X Bank has $1 million in new funds that must be allocated to mortgage (home)...
- Needs to be done in PYTHON A. Create a Dollar currency class with two integer attributes...
- Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget...
- Consider the case of Falcon Freight Inc. (FF): Five years of realized returns for FF are...
ADVERTISEMENT